Bit Mining, Ltd.
BIT Mining, Ltd. is a leading cryptocurrency mining enterprise, with a long-term strategy to create value across the cryptocurrency industry. Since announcing its entry into the industry in December 2020, the Company has: (i) purchased and deployed bitcoin mining machines with a theoretical hash rate capacity of approximately 1,031.5 PH/s; (ii) acquired three hydroelectric cryptocurrency mines with combined electric power capacity of 435MW, by purchasing a controlling stake in Loto Interactive Limited (HKEX:08198); (iii) acquired the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement with Bee Computing (HK) Limited, a 7-nanometer cryptocurrency mining machine manufacturer, in order to help sustain the Company's continued growth. BIT Mining Limited was formerly known as 500.com Limited, an online sports lottery service provider in China.
Location of Key Operations
IPO (November 22, 2013)
Nanshan, Shenzhen, China
Danni Zheng, Internal
March 26, 2021: Cryptocurrency Utilization Increases in Mainstream Channels
February 26, 2021: 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 Total Computing Power of 4800G
February 16, 2021: 500.com Limited Announces Acquisition of BTC.com Businesses
January 28, 2021: 500.com Limited to Subscribe for Shares of Loto Interactive Limited
January 11, 2021: 500.com Entered into an Agreement to Acquire Bitcoin Mining Machines