Earnings ·
The9 Limited reported unaudited net income of US$32 million for the second quarter ended June 30, 2026, a sequential…
NCTYThe9 Ltd
The9 Limited reported unaudited net income of US$32 million for the second quarter ended June 30, 2026, a sequential increase of over 39% from the first quarter. First-half net income reached US$55 million, driven primarily by fair-value recognition of 1.9 billion 9BIT tokens received under a cooperation agreement with the 9BIT Foundation. The company holds approximately US$120 million in cryptocurrency assets, including 347 BTC and 1.9 billion 9BIT tokens. Additionally, shareholders of RF Acquisition Corp II approved a business combination that will list AI drug discovery firm Nanyang Biologics on Nasdaq under the ticker NYB, with The9 expected to hold an approximate 15% stake in the combined entity. The company operates in the technology sector, focusing on cryptocurrency mining and its AI-powered gaming ecosystem, the9bit.