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Chinese Miner The9, KazDigital to Build Crypto Mining Plant in Kazakhstan
The two firms will launch a new mining site in Kazakhstan that will be used to deploy The9's mining machines and potentially other third parties' machines.
Updated May 9, 2023, 3:22 a.m. Published Aug 4, 2021, 1:31 p.m.
Nasdaq-listed The9 has signed a joint venture agreement with Kazakhstan cryptocurrency mining firm KazDigital to build a crypto mining site in Kazakhstan, The9 said Wednesday.
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- The Shanghai-based company’s non-binding term sheet with KazDigital calls for the two companies to build a cryptocurrency mining site in Kazakhstan with a capacity of 100 megawatts.
- The mining site will be used to deploy The9's mining machines and potentially mining machines from other companies.
- The construction of the total capacity of the crypto mining site will be completed in four stages. The first stage of 25MW was completed on Sunday, with the remaining 75MW to be gradually completed in the third and fourth quarters and the first quarter of 2022, with installation of 25MW per quarter.
- Both parties will invest their own assets in the venture, with KazDigital investing in assets relating to construction and infrastructure of the mining site and The9 putting in cash or mining machines.
- KazDigital will be responsible for the operation and management of the joint venture once it has launched.
- The9 said it will initially transport 1,000 mining machines to Kazakhstan for a trial operation.
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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- Nasdaq plans to expand stock and exchange-traded product trading to 23 hours a day, five days a week, according to a filing.
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