{"id":34536,"date":"2021-01-11T17:50:24","date_gmt":"2021-01-11T15:50:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34536"},"modified":"2025-08-28T21:04:00","modified_gmt":"2025-08-28T18:04:00","slug":"chinese-online-lottery-provider-500-com-to-buy-bitcoin-miners-for-14-4-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/chinese-online-lottery-provider-500-com-to-buy-bitcoin-miners-for-14-4-million\/","title":{"rendered":"Chinese online lottery provider 500.com to buy Bitcoin miners for $14.4 million"},"content":{"rendered":"<p>The NYSE-listed online lottery services provider in China, 500.com Limited, has signed an agreement to purchase Bitcoin mining equipment. The deal is worth $14.4 million, according to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/500com-entered-into-an-agreement-to-acquire-bitcoin-mining-machines-301205179.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">\u0441\u043e\u043e\u0431\u0449\u0435\u043d\u0438\u0438<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>The company did not disclose partner names but said it would acquire S17, T17, S9 and M20s devices. These models are produced by Bitmain and MicroBT.<\/p>\n<p>Under the terms, 500.com will issue 11.9 million shares at $1.21 per share, based on the price at the close of trading on January 8.<\/p>\n<p>The company expects to derive mining revenue in the first half of 2021. It estimates the total hash rate to be acquired at 918.5 PH\/s.<\/p>\n<p>Earlier in November 2020, mining company Bit Digital announced the issuance of <a href=\"https:\/\/u1f987.com\/en\/news\/us-listed-bit-digital-to-swap-13-9-million-in-stock-for-bitcoin-miners-with-total-hash-rate-of-1-eh-s\">shares worth $13.9 million<\/a> in exchange for Bitcoin miners with a total hash rate of 1 EH\/s.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NYSE-listed online lottery services provider in China, 500.com Limited, has signed an agreement to purchase Bitcoin mining equipment. The deal is worth $14.4 million, according to a release.<\/p>\n","protected":false},"author":1,"featured_media":34537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[133,1137],"class_list":["post-34536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-china","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34536"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34536\/revisions"}],"predecessor-version":[{"id":34538,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34536\/revisions\/34538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34537"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}