{"id":15897,"date":"2021-03-16T16:20:08","date_gmt":"2021-03-16T16:20:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15897"},"modified":"2026-04-23T21:05:01","modified_gmt":"2026-04-24T00:05:01","slug":"500-com-completes-acquisition-of-bitcoin-mining-machines","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/500-com-completes-acquisition-of-bitcoin-mining-machines","title":{"rendered":"500.com completes acquisition of Bitcoin mining machines"},"content":{"rendered":"\n<p>500.com Limited has announced the completion of its acquisition of bitcoin mining machines from the US.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>China.- The Chinese sports lottery services provider <strong>500.com<\/strong> has shored up its entry into the cryptocurrency mining sector, confirming its <strong>acquisition of bitcoin mining machines<\/strong> from the US.<\/p>\n\n\n\n<p>The acquisition was made<strong> in exchange for an aggregate of 11,882,860 newly issued Class A ordinary shares<\/strong> valued at US$1.21 per share.<\/p>\n\n\n\n<p>The bitcoin mining machines include <strong>models S17, T17, M20s and S9<\/strong>. The firm stated that the<strong> hash power capacity of the machines<\/strong> acquired in the transaction is estimated to be approximately <strong>918.5 petahashes (quadrillion hashes) per second<\/strong>.<\/p>\n\n\n\n<p>500.com estimates that<strong> its bitcoin mining machines will have a total hash rate capacity of up to approximately 1,000 PH\/s in aggregate<\/strong>.<\/p>\n\n\n\n<p>The Chinese gaming company announced its<strong> entry into the cryptocurrency sector <\/strong>in December 2020. It signed <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/500-com-acquires-major-bitcoin-mining-pool\" target=\"_blank\">a share exchange agreement with Bitdeer Technologies\u2019 Blockchain Alliance Technologies<\/a><\/em> to acquire its entire mining pool business, including the domain name BTC.com and the cryptocurrency wallet of BTC.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>500.com Limited has announced the completion of its acquisition of bitcoin mining machines from the US.<\/p>\n","protected":false},"author":176,"featured_media":15900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"500.com Limited, a Chinese sports lottery provider, has completed its acquisition of Bitcoin mining machines from the US, significantly expanding its cryptocurrency mining operations. This strategic move, involving an exchange of newly issued Class A ordinary shares, positions the company to achieve a total hash rate capacity of approximately 1,000 PH\/s, following its earlier acquisition of Bitdeer Technologies' BTC.com mining pool business.","focusai_entities":"500.com Limited, Bitdeer Technologies, Blockchain Alliance Technologies, BTC.com","focusai_location":"United States, China","focusai_target_profile":"ceo_executive (0.9), investor_analyst (0.95), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Mining ROI Projections?","query":"What is the projected ROI and payback period for 500.com's aggregate 1,000 PH\/s Bitcoin mining capacity, considering current network difficulty, energy costs, and potential regulatory shifts?"},{"label":"Impact on Core Business?","query":"How will this significant capital allocation to cryptocurrency mining impact 500.com's core sports lottery GGR and NGR performance, and its overall balance sheet leverage and liquidity profile?"}],"footnotes":""},"categories":[157,16338,158],"tags":[1758,23919],"class_list":["post-15897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-500-com","tag-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15897"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15897\/revisions"}],"predecessor-version":[{"id":15931,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15897\/revisions\/15931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15900"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}