Cai ZhiFang appointed as CEO of NBTC Blockchain and Crypto Business

By Leandra Monteiro

The9, an established Internet company, today announced the appointment of Cai Zhifang as the Chief Executive Officer of NBTC Limited, a wholly-owned subsidiary of The9, to lead the development of blockchain and cryptocurrency business in NBTC.

Cai in 2013, co-founded YiBit Digital Technology, one of the earliest integrated platforms in blockchain industry in China. In 2015, he served as the general manager of WeiTui Technology, which self-operated Bitcoin mining by the purchase of AvalonMiners from Canaan. During his time at the company Cai was responsible for establishing a strategic partnership with Canaan, and assisting its customers in launching, operating and maintaining AvalonMiners.

At NBTC Cai will take over the responsibility for leading the expansion of NBTC blockchain and cryptocurrency business. Putting his years of industry experience and resources to use he will formulate and execute NBTC’s business strategy as well as enhance the cooperation between NBTC and worldwide cryptocurrency ecosystem partners. The goal is to accelerate the establishment of The9’s global leadership in the cryptocurrency industry.

In January this year, The9 announced the establishment of the wholly-owned subsidiary NBTC to engage in blockchain and cryptocurrency related businesses. Within two months of the announcement, Bitcoin and Filecoin mining machines had been acquired as the first step to build The9’s cryptocurrencies mining business.