EconomyThe9 lost $13M operating, but paper gains on its token opened a path to major bonuses
Nasdaq-listed The9 posted $32.4 million in second-quarter net income despite just $712,000 in revenue, no crypto-mining revenue and a $13.4 million operating loss. The result was driven by a $47.2 million fair-value gain on its 9BIT tokens and $11.1 million in crypto rewards, non-cash items that helped satisfy one condition in its management incentive plan.
C
CryptoSlate★★☆☆☆2026-08-25 13:45Original
The9 lost $13M operating, but paper gains on its token opened a path to major bonuses
Economy