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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.

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