Archive

_2021-03-22
500 .com, the troubled sports lottery company that is transforming into a bitcoin firm, announced its decision to relocate its headquarters from Shenzhen to Singapore.

_2021-03-16
500 .com Limited, now describing itself as “a cryptocurrency mining enterprise in China,” has announced that it has completed its acquisition of bitcoin mining machines originally announced on January 11. The bitcoin mining machines acquired in this...

_2021-03-08
500.com, formerly a Chinese online lottery company, has approved a change of name to Bit Mining Ltd. to reflect the new focus of its business.

_2021-02-23
500.com closed its previously announced private placement transaction with Good Luck Information Technology and has received 356.04342 Bitcoins and US$11.5 million in cash. The company has issued 85,572,963 newly issued Class A ordinary shares to Good...

_2021-02-17
China sports lottery company 500.com has continued its transformation into the bitcoin space with the all-stock acquisition of bitcoin mining company BTC.com and investors appear to approve.

_2021-02-17
Chinese lottery company 500.com said it agreed to buy bitcoin mining company BTC.com in a all-stock transaction. 

_2021-02-09
500 com has announced its fourth quarter and full year financial results. As for the full year 2020, net revenues were RMB21.8 million (US$3.3 million) and operating losses were RMB190.8 million (US$29.2 million).

_2021-02-03
500 com has announced that it has entered into a definitive purchase agreement for 5,900 bitcoin additional mining machines for a total consideration of approximately RMB55.2 million US$8.5 million). All of the bitcoin mining machines are expected to...

_2021-01-29
500 com has announced that it has entered into a share subscription agreement in which it has conditionally agreed to subscribe for 169,354,839 shares of Loto Interactive Limited for a total of approximately HK$105 million (US$13.5 million) in cash.

_2021-01-12
500 com has announced that it has entered into a purchase agreement for approximately US$14.4 million worth of its Class A ordinary shares in order to acquire bitcoin mining machines from an unnamed seller.

_2020-12-28
China lottery company 500.com said Zhaofu Tian has resigned as Chief Technology Officer due to personal reasons, effective December 31. The company has no plan to appoint a successor at this point.

_2020-12-23
500 Com’s board of directors has proposed to explore business opportunities in the blockchain and cryptocurrency industries based on some success experience of its associate, Loto Interactive Limited.

_2020-10-07
Online lottery company 500.com said a special investigative committee (SIC) established to probe its role into an alleged bribery scandal in Japan found that there had been no violation of the Foreign Corrupt Practices Act. 

_2020-08-05
Tokyo prosecutors have arrested three corporate executives for allegedly offering money to a defendant in the 500.com bribery scandal to provide false testimony, according to local media reports.

_2020-07-14
Japanese lawmaker Takaki Shirasuka has admitted to receiving 1 million yen (US$9,300) from 500.com whilst visiting the company’s headquarters in 201

_2019-02-21
China-lottery service provider 500.com on Thursday reported a widened net loss for the 2018 year period, totaling RMB453.9 million (US$66 million), co

_2018-08-01
500.com, an online sports lottery service in China, said its Chairman Yonghong Zhang has stepped down and will be replaced by Huixuan Wang.

_2017-10-31
Mainland Chinese lottery supplier 500.com Ltd has announced the stepping down of its chairman, Mr. Lian Qi, effective November 1, 2017. In his place i

_2017-08-12
Lottery supplier MelcoLot is proposing a change to its english name to Loto Interactive Limited, in a move to provide the company with a more “appro