The9 Limited reports a 39% sequential rise in net income for Q2, alongside $120 million in cryptocurrency holdings.
The9 Limited reported Q2 net income of $32 million, up 39% from the prior quarter. The increase reflects improved operational performance amid market conditions.
In the previous quarter, net income stood at $23 million. The company’s cryptocurrency assets, including 347 BTC and 1.9 billion 9BIT tokens, are valued at approximately $120 million based on current market prices.
No immediate market reaction was disclosed in the release.