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Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas
21.5.2021
On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2...
Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million
8.4.2021
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...
Publicly-Listed Chinese Lottery Firm Acquires Bitcoin Mining Pool Btc.com
17.2.2021
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...
Chinese Lottery Firm 500.com Acquires Crypto Mining Pool BTC.com
16.2.2021
BTC.com is currently owned by Bitdeer Technologies and former Bitmain CEO Jihan Wu
Chinese lottery service 500.com acquires Bitcoin mining pool BTC.com
16.2.2021
Chinese sports lottery service 500.com has entered a share exchange agreement to acquire maror Bitcoin mining pool BTC.com
Lottery Giant 500.com Buys Bitcoin Miner BTC.com From Jihan Wu
16.2.2021
Jihan Wu. Source: a video screenshot, Youtube, Bitcoin.com - Official Channel
Listed Chinese online sports lottery service provider 500.com said it agreed to acquire the BTC.com Bitcoin (BTC) mining bussiness from Bitmain co-founder Jihan Wu.
500.com is buying the business in exchange for its newly...
China’s 500.com to Purchase Another $8.5M-Worth of Bitcoin Miners
2.2.2021
The NYSE-listed lottery firm may also acquire another 10,000 miners this year
Publicly-Listed Lottery Company to Buy $14.4M Worth of Bitcoin Mining Machines
13.1.2021
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’s “Blue Paper” Highlights Blockchain Solution for China’s Lottery Fraud
5.11.2019
The leading Chinese online sports lottery service provider, 500.com, has recently released a report that sheds light on how blockchain technology can transform the country’s massive online gambling industry. Dubbed as the “Blue Paper on Blockchain Technology for China’s Lottery Industry,”...