News Snapshot:
US-Listed Chinese Lottery Firm Plans $14.4M Move Into Bitcoin Mining Jan 11, 2021 at 2:44 p.m. UTC Updated Jan 11, 2021 at 2:47 p.m. UTC Bitcoin mining machines Tanzeel Akhtar US-Listed Chinese Lottery Firm Plans $14.4M Move Into Bitcoin Mining Chinese sports lottery firm 500.com (NYSE: WBAI) announced Monday that it has entered into a purchase agreement to acquire bitcoin mining machines. 500.com said it expects to issue $14.4 million-worth of its Class A ordinary shares as consideration to acquire the bitcoin mining machines from an unnamed seller from outside the U.S. The company will issue around 11.8 million shares...
