Publicly-Listed Chinese Lottery Firm Acquires Bitcoin Mining Pool Btc.com
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....
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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....
BTC.com is currently owned by Bitdeer Technologies and former Bitmain CEO Jihan Wu.
A U.S. listed Chinese sports lottery firm announced that it has entered into a purchase agreement to acquire bitcoin (BTC) mining machines. The deal involves the issuing of $14.4 million worth of 500.com Class A ordinary shares. Models Include S17, T17, M20s and S9 According to the announcement, 500.com Ltd reached an initial agreement to acquire the mining machines from the unnamed non-U.S. seller. The firm looks forward to issuing 11,882,860 Class A shares valued at $1.21 per share to cover the purchase. The full amount of the transaction will allow the company to acquire mining....
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....