The plant will be able to provide up to 200MW of power by the end of 2022.
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.
Montcrypto aims for a carbon-neutral infrastructure for cryptocurrency mining through the use of natural gas.
The company also completed the signing of definitive agreements for 12,246 units of bitcoin mining machines with a total hashrate of 288PH/S.
The firm announced its pivot to mining in January.
The company says a "majority" of the ASICs are already deployed.