500.com to acquire bitcoin mining machines for ~$14.4M worth shares

Jan. 11, 2021 7:19 AM ETBIT Mining Limited (BTCM)BTCMBy: Niloofer Shaikh, SA News Editor
  • 500.com Limited (NYSE:WBAI) +5.8% premarket, expects to issue 11,882,860 newly-issued Class A ordinary shares valued at $1.21/share, total worth ~$14.4M as a consideration to acquire bitcoin mining machines owned by the Sellers including such models as the S17, T17, M20s and S9.
  • Transaction is

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