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.

The9 Limited reported record quarterly net income of US$22.7 million for the three months ended March 31, 2026, compared to a net loss of US$66.2 million in the same period in 2025. The turnaround was primarily driven by US$27.3 million in cryptocurrency rewards from receiving 1.425 billion 9BIT tokens under a cooperation agreement with the 9BIT Foundation. The company's AI-powered game creation platform, the9bit, surpassed 8 million registered users. Additionally, the Board approved a long-term incentive plan for senior management involving equity awards representing up to 12% of outstanding shares, contingent on achieving higher quarterly net income through the remainder of 2026. George Lai was appointed Chief Executive Officer, succeeding founder Jun Zhu, who will serve as Executive Chairman. The9 is a high-tech company operating in the digital asset and online gaming industries.