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Share this article Share this article SHENZHEN, China, Jan. 28, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), today announced that it has entered into a share subscription agreement (the "Share Subscription Agreement"), pursuant to which it has conditionally agreed to subscribe for 169,354,839 shares of Loto Interactive Limited (HKEX: 08198) ("Loto Interactive") at a price of HK$0.62 per share for a total consideration of approximately HK$105 million (approximately US$13.5 million) in cash (the "Share Subscription"). Closing of the Share Subscription is subj...

500.com to buy $14.4m Bitcoin mining machines 11th January 2021 | By Conor Mulheir Chinese lottery service provider 500.com is to acquire $14.4m (£10.7m/€11.9m) worth of Bitcoin mining machines as it ramps up efforts to pursue new opportunities in the cryptocurrency space. The deal has been agreed with unnamed non-US sellers, and will see the supplier use its Class A ordinary shares to fund the purchases. The company expects to issue 11,882,860 newly-issued Class A shares valued at $1.21 per share, corresponding to $12.10 per American Depositary Shares (ADS), equivalent to 10 ordinary shar...