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WBAI - 500.Com News Story

$21.84 -0.1  -0.4%

Last Trade - 5:04pm

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

BUZZ-500.com: Rises on deal to acquire bitcoin mining machines

Mon 11th January, 2021 12:33pm
** U.S.-listed shares of Chinese online sports lottery
service provider  WBAI.N  up 15.7% at $14 premarket - set for
fourth consecutive session of gains
    ** WBAI says it has entered into an agreement to acquire
bitcoin mining machines  urn:newsml:reuters.com:*:nPn2BlrvJa
    ** Co adds deal is for ~$14.4 mln
    ** Co also expects to issue 11.9 mln class A ordinary shares
valued at $1.21 apiece
    ** Up to Friday's close, stock had risen ~54% in last 12
months

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))
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