The9 Ltd (NCTY)

• Market cap: $126M
• 1 day: 7.45%
• 5 days: 20.16%
• 1 month: -6.39%
• 3 months: -22.33%
• 6 months: -26.60%
• Year to date: -40.24%
• 1 year: 20.49%
• 5 years: -80.30%
• 10 years: -97.67%
• Sector: Financials
• Industry: Capital Markets

About: The9 Ltd operates a cryptocurrency mining business. It provides computing power, or hash rate, to a Bitcoin mining pool and is entitled to receive a fractional share of Bitcoin award from the Bitcoin mining pool in return. The company generates its revenues from customers in Greater China, Asia/Eastern Europe, and North America. Its segments are: Crypto mining business, and Other, out of which Crypto mining business derives maximum revenue.

Employees: 50

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

150% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 2

1.62% more ownership

Funds ownership: 0.01% [Q1] → 1.63% (+1.62%) [Q2]

14% less funds holding

Funds holding: 14 [Q1] → 12 (-2) [Q2]

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

56% less capital invested

Capital invested by funds: $4.12M [Q1] → $1.81M (-$2.32M) [Q2]