What is behind the rise of The9 Limited (NCTY) stock in the premarket?

NCTY, a Shanghai-based online game operator, announced their plan to purchase a bitcoin mining machine through a legal binding with an unrelated Bitcoin mining machine owner, by the issuance of class A ordinary shares. Amount of Class A ordinary released is under the condition that adjustment mechanisms will be assessed after 6 months. Furthermore, 8,127,390 […]