UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2021

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Commission File Number: 001-34238

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THE9 LIMITED

 

17 Floor, No. 130 Wu Song Road

Hong Kou District, Shanghai 200080

People’s Republic of China

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F          x          Form 40-F          ¨

 

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

 

 

 

EXHIBIT INDEX

Exhibit No.   Description
99.1   The9 Signed Chia Cryptocurrency Mining Machine Purchase and Cloud Service Leasing Agreements

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  THE9 LIMITED
       
       
  By       : /s/ George Lai
  Name: : George Lai
  Title: : Director and Chief Financial Officer

 

 

Date: May 17, 2021

 

 

 

 

 

Exhibit 99.1

 

The9 Signed Chia Cryptocurrency Mining Machine Purchase and Cloud Service Leasing Agreements

 

Shanghai, China, May 14, 2021

 

The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced that it signed three Chia (XCH) cryptocurrency mining machine purchase and cloud service leasing agreements with three unrelated vendors, with the total contract sum of more than US$5.7 million. Upon the executions of these agreements, The9 is going to obtain approximately 130 Pebibytes Netspace, and to join the ecological construction of Chia cryptocurrency, also known as the "Green Bitcoin Alternative”. The9 had previously invested in Bitcoin and Filecoin mining machines. Chia is the third type of cryptocurrency mining implemented by The9.

 

Chia was created by Bram Cohen, the inventor of BitTorrent and a network protocol engineer. It was developed through Chialisp, a powerful, easy-to-audit and secured new intelligent transaction programming language. Unlike Bitcoin, which uses proof of work (POW), Chia uses proof of space and time (POST) consensus algorithm. Anyone can use the remaining hard disk space in the storage device to verify transactions without the need of consuming a lot of computing power and electricity to maintain the Chia network. Therefore Chia is considered to be a more green and environmentally friendly blockchain technology. Chia's main network went live on March 19, 2021. On May 4, 2021, Chia was opened for the exchange of its cryptocurrency XCH with other cryptocurrencies, and XCH is currently listed for trading on exchanges such as Huobi and OKEx.

 

The9 will continue to invest in blockchain development and cryptocurrency mining business. The9 plans to seek for more innovative and high return cryptocurrency mining targets.

 

About The9 Limited

The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 aims to become a diversified high-tech Internet company.

 

For further information, please contact:

Ms. Connie Sun

Investor Relations Specialist

The9 Limited

Tel: +86-21-6108-6080

Email: IR@corp.the9.com

Website: https://www.the9.com/en