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