Chinese Lottery Firm 500.com Acquires Crypto Mining Pool BTC.com
BTC.com is currently owned by Bitdeer Technologies and former Bitmain CEO Jihan Wu.
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A U.S. publicly-listed Chinese sports lottery firm is extending its arms into the crypto industry by announcing another related maneuver. 500.com Ltd announced it has acquired Btc.com, the well known bitcoin mining pool. Jihan Wu Is the ‘ Biggest Beneficial Owner’ of the Mining Pool Per the announcement, the online lottery service provider bought the company from Blockchain Alliance. 500.com performed the transaction by issuing newly class A shares, representing almost a 10% stake in the listed Chinese company. According to the filings, 500.com Ltd made the share exchange....
Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing for $100 Million On April 5, 2021, the company 500.com Limited (NYSE: WBAI) registered a statement with the U.S. Securities and Exchange Commission (SEC) in a Form 6-K filing. The Shenzhen-based firm detailed that it....
Chinese sports lottery site 500.com has acquired major bitcoin mining pool BTC.com. The post Sports Gambling Website 500.com Acquires Bitcoin Mining Pool BTC.com appeared first on Bitcoin Magazine.
Chinese sports lottery service 500.com has entered a share exchange agreement to acquire major Bitcoin mining pool BTC.com. Chinese sports lottery service 500.com has acquired a major Bitcoin (BTC) mining pool, BTC.com.500.com has entered into a share exchange agreement with Blockchain Alliance Technologies Holding Company in the Cayman Islands, according to a Tuesday announcement.As part of the deal, 500.com will acquire the entire mining pool business of Bitdeer Technologies Holding Company, including the domain name and a cryptocurrency wallet. Both the domain name and the wallet are....
The acquisition of NovaBlock by industry leader Poolin signals growing interest in geographical diversification of bitcoin mining. The post Chinese Mining Pool Poolin Acquires North American Competitor NovaBlock appeared first on Bitcoin Magazine.