 SHANGHAI, April 21, 2021 PRNewswire -- The9 Limited Nasdaq: NCTY The9, an established Internet company, today announced that it signed a legally binding term sheet on a CAD4 million investment in Skychain Technologies Inc. Skychain, a company listed in TSX Venture Exchange in Canada. The purpose of the investment is for the construction and operation of a 12 MW cryptocurrency mining facility located in Birtle, Manitoba, Canada. 