Express

China's 500.com Acquired BTC.com, One Of The World’s Largest Bitcoin Mining Pools

Mary Liu

Summary: 500.com Limited (NYSE: WBAI), a leading company in China's lottery industry, has set an agreement to acquire BTC.com, one of the world’s largest Bitcoin mining pools. 500.com to issue a total of 44,353,435 shares to Blockchain Alliance (per A common stock with a par value of US$0.00005), will purchase the BTC.com's business that Jihan Wu split from Bitmain ...

500.com Limited (NYSE: WBAI), a leading company in China's lottery industry, has set an agreement to acquire BTC.com, one of the world’s largest Bitcoin mining pools.

500.com to issue a total of 44,353,435 shares to Blockchain Alliance (per A common stock with a par value of US$0.00005), will purchase the BTC.com's business that Jihan Wu split from Bitmain with about 10% of the shares, including BTC.com mining pool business, BTC.com domain name, and BTC.com cryptocurrency wallet. 

Recently, 500.com is actively developing its blockchain-related businesses, including Bitcoin miners and mining construction and operation.

By Mary Liu

Last Update:

Tags: ,,,,,
Link: China's 500.com Acquired BTC.com, One Of The World’s Largest Bitcoin Mining Pools   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago

    • You need to login to comment.