Though Bitcoin (CRYPTO: BTC) and other cryptocurrencies are moving lower today, shares of China-based cryptocurrency miner The9 Limited (NASDAQ: NCTY) were soaring more than 31% as of 2 p.m. EDT.
The diversified internet company and cryptocurrency miner announced today that it acquired Canada-based Montcrypto Ltd. to build a 20-megawatt (MW) electricity-generation plant in Calgary, Canada. The facility will support a more carbon-neutral cryptocurrency mining operation.
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For further details see:
Why 1 Cryptocurrency Miner's Stock Soared Today