500.com Limited Announces Agreement with BitDeer Subsidiary to Purchase Mining Machines with Total Computing Power of 113P, as well as Agreement to Purchase Ethereum Mining Machines with T...
500. COM LTD (WBAI)
US:NYSE Investor Relations:
500.investorroom.com
Company Research
Source: PR Newswire
SHENZHEN, China, Feb. 26, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a China-based enterprise committed to developing cryptocurrency mining businesses, today announced that it has entered into a definitive agreement with a subsidiary of BitDeer (the "Seller") to purchase 1,923 S17 Bitcoin mining machines for a total consideration of RMB31.3 million (approximately US$4.9 million). These mining machines are deployed and in operation in Xinjiang, with an aggregate computing power of 113 PH/s. The Company today has paid the total consideration in full, and the Seller has transferred ownership of all the mining machines. As of today, the Company has officially begun generating revenue from cryptocurrency mining operations. On January 11, 2021, the Company announced its purchase of mining machines with an aggregate computing power of 918 PH/s. These mining machines are expected to be deployed by the end of March 2021.On February 2, 2021 the Company annou
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