Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million
April 7, 2021
500.com, 7nm Chips, ASIC Manufacturer, ASICs, Bit Mining Limited, Bitcoin (BTC), Bitcoin mining, BTC, BTC Mining, BTC.com, China, Chinese Lottery firm, Ethereum, litecoin, Mining, Yufei Jiang
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Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing […]