Express

The NYSE-listed lottery firm 500.com to Purchase another 10,000 miners this year.

Summary: U.S.-listed Chinese sports lottery firm 500.com (NYSE: WBAI) said Tuesday it has inked a definitive agreement to purchase 5,900 bitcoin mining machines for 55.2 million yuan (around $8.5 million), expected to be delivered in the second quarter of this year. The company has agreed in principle to purchase up to 10,000 bitcoin mining machines in ...

U.S.-listed Chinese sports lottery firm 500.com (NYSE: WBAI) said Tuesday it has inked a definitive agreement to purchase 5,900 bitcoin mining machines for 55.2 million yuan (around $8.5 million), expected to be delivered in the second quarter of this year. The company has agreed in principle to purchase up to 10,000 bitcoin mining machines in 2021, subject to availability.

If all 15,900 bitcoin mining machines are delivered, the firm's total hash rate is expected to increased by 1,000 petahashes per second.

Last Update:

Tags:
Link: The NYSE-listed lottery firm 500.com to Purchase another 10,000 miners this year. [Copy]

Last: Microstrategy Adds 295 BTC With $10 Million In Cash

Next: Zenfuse community airdrop event

BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 9 days ago

The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 16 days ago

Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 20 days ago

BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 23 days ago

The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 27 days ago