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WBAI - 500.Com News Story

$22.29 0.4  1.7%

Last Trade - 4:35pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £649.1m
Enterprise Value £613.9m
Revenue £2.39m
Position in Universe 2902nd / 6713

BRIEF-500.Com Enters Into Agreement To Acquire Bitcoin Mining Machines

Thu 21st January, 2021 1:50pm
Jan 21 (Reuters) - 500.Com Ltd  WBAI.N :
    * 500.COM ENTERED INTO AN AGREEMENT TO ACQUIRE BITCOIN
MINING
MACHINES
    * 500.COM LTD - EXPECTS TO ISSUE APPROXIMATELY US$14.4
MILLION
WORTH OF ITS CLASS A ORDINARY SHARES AS CONSIDERATION
    * 500.COM LTD - EXPECTS TO BEGIN GENERATING REVENUE FROM
BITCOIN
MINING IN FIRST HALF OF 2021
    * 500.COM LTD - UPON CONSUMMATION,  PLANS TO INSTALL ALL
BITCOIN
MINING MACHINES ACQUIRED FROM SELLERS WITHIN FOUR WEEKS
    * 500.COM LTD - EXPECTS TO BEGIN GENERATING REVENUE FROM
BITCOIN
MINING IN FIRST HALF OF 2021

Source text for Eikon:  ID:nPn8Sw03Na 
Further company coverage:  WBAI.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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