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500.com – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Thu, 05 Dec 2024 05:32:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png 500.com – DIGIT INFO https://www.digit.info 32 32 BIT Mining saw 3X profits mining DOGE, LTC instead of just Bitcoin https://www.digit.info/bit-mining-saw-3x-profits-mining-doge-ltc-instead-of-just-bitcoin/ Thu, 05 Dec 2024 05:32:36 +0000 https://www.digit.info/bit-mining-saw-3x-profits-mining-doge-ltc-instead-of-just-bitcoin/

BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021.

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]]> BIT Mining to pay $10M fine for bribing Japanese politicians in former life https://www.digit.info/bit-mining-to-pay-10m-fine-for-bribing-japanese-politicians-in-former-life/ Tue, 19 Nov 2024 00:40:11 +0000 https://www.digit.info/bit-mining-to-pay-10m-fine-for-bribing-japanese-politicians-in-former-life/

BIT Mining, previously known as online sports casino 500.com, made around $2.5 million worth of bribes to Japanese officials between 2017 and 2019.

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]]> Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas https://www.digit.info/chinese-firm-invests-25-million-in-cryptocurrency-mining-data-center-in-texas/ Thu, 20 May 2021 23:30:58 +0000 https://www.digit.info/2021/05/20/chinese-firm-invests-25-million-in-cryptocurrency-mining-data-center-in-texas/ Read more]]> Chinese Firm Invests $25 Million in 'Cryptocurrency Mining Data Center' in TexasOn Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2 MW mining facility powered by 85% […]

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]]> Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million https://www.digit.info/chinese-lottery-firm-rebrands-purchases-bitcoin-mining-rig-manufacturer-for-100-million/ Wed, 07 Apr 2021 23:30:51 +0000 https://www.digit.info/2021/04/07/chinese-lottery-firm-rebrands-purchases-bitcoin-mining-rig-manufacturer-for-100-million/ Read more]]> Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 MillionFollowing 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 […]

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]]> Publicly-Listed Chinese Lottery Firm Acquires Bitcoin Mining Pool Btc.com https://www.digit.info/publicly-listed-chinese-lottery-firm-acquires-bitcoin-mining-pool-btc-com/ Wed, 17 Feb 2021 21:30:36 +0000 https://www.digit.info/2021/02/17/publicly-listed-chinese-lottery-firm-acquires-bitcoin-mining-pool-btc-com/ Read more]]> Publicly-Listed Chinese Lottery Firm Acquires Bitcoin Mining Pool Btc.comA U.S. publicly-listed Chinese sports lottery firm is extending its arms into the crypto industry by announcing another related maneuver. 500.com Ltd announced it has acquired Btc.com, the well known bitcoin mining pool. Jihan Wu Is the ‘ Biggest Beneficial Owner’ of the Mining Pool Per the announcement, the online lottery service provider bought the […]

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