Beijing-based Bitcoin mining company, Bitmain has officially replaced its general manager and executive director. The legal representative of Bitmain is now Micree Zhan after its former CEO Jihan Wu w
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Chinese sports lottery site 500.com has acquired major bitcoin mining pool BTC.com.
The post Sports Gambling Website 500.com Acquires Bitcoin Mining Pool BTC.com appeared first on Bitcoin Magazine.
500.com, a former Chinese lottery website that turned into a mining business announced the acquisition of BTC.com’s mining pool from Bitmain in a share exchange offer. The offer saw Bitmain acquire 10% of 500.com’s current 44,353,435 Class A ordinary shares of par value US$0.00005 per share. BTC.com was ranked third in terms of hash rate input
The post Breaking: 500.com Acquires Third-Largest Mining Pool BTC.com From Bitmain appeared first on Coingape.