Penny stock crypto mining company secures up to $500 million to establish Dogecoin treasury
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最新报道：Penny stock crypto mining company, The9 Limited, has secured up to $500 million in funding to establish a Dogecoin treasury. The Nasdaq-listed firm, which pivoted from online gaming to crypto mining, announced the deal with an unnamed institutional investor. The funding will be used to acquire Dogecoin and support its mining operations. The9's shares surged over 40% following the news, despite the company's market cap remaining below $100 million. This move comes as The9 seeks to capitalize on the meme coin's popularity, having previously partnered with Dogecoin developers to launch mining services in 2021. The company also mines Bitcoin and other cryptocurrencies.
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