500.com

BIT Mining Ltd. operates as a cryptocurrency mining enterprise. Its business covers cryptocurrency mining, pool, machine manufacturing, and data center operation. The company utilizes cryptocurrency mining machines and hydroelectric cryptocurrency mines, the sole purpose of which is to mine bitcoin. It also owns the mining pool business operated under BTC.com, including the domain name and wallet. The company was founded by Man San Law in 2001 and is headquartered in Hong Kong.

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BIT Mining Ltd. engages in holding certain digital assets in connection with their cryptocurrency mining business and indirectly holding the equity interest. It operates through the following segments: Mining Pool, Data Center, and Cryptocurrency Mining. The company was founded by Man San Law in 2001 and is headquartered in Akron, OH.

BIT Mining Limited

SHENZHEN, China, May 12, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company,"), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), announced today that the Company's stock will be added to the MSCI China Small Cap Index, effective as of market close on May 27, 2021. The MSCI China Small Cap Index is an equity index compiled by MSCI Inc. designed to measure the performance of the small cap segment of the China market.

BIT Mining Limited to be Added to the MSCI China Small Cap Index

SHENZHEN, China, May 7, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining Limited" or the "Company"), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2021 before the open of U.S. markets on Monday, May 10, 2021. About BIT Mining Limited BIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency mining company, with a long-term strategy to encompass the whole cryptocurrency value chain.

BIT Mining Limited to Report First Quarter 2021 Financial Results on May 10, 2021

SHENZHEN, China, April 20, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining Limited" or the "Company"), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), today announced that its American Depositary Shares ("ADSs"), each representing the right to receive ten (10) Class A ordinary shares with par value of US$0.00005 per share of the Company, began trading under the Company's new English name, "BIT Mining Limited", and its new ticker symbol, "BTCM", effective at the opening of trading on the NYSE on Tuesday, April 20, 2021 (U.S. Eastern Daylight Time). Historical trading data of the Company's ADSs prior to April 20, 2021 may not yet be available on certain third-party websites and apps when searching for "BIT Mining Limited" and/or "BTCM", in which case such data may temporarily be found under "500.com Limited" and/or "WBAI".

BIT Mining Limited Announces Trading of ADSs under New English Name and New Ticker Symbol

SHENZHEN, China, April 15, 2021 /PRNewswire/ -- BIT Mining Limited (NYSE: WBAI) ("BIT Mining Limited" or the "Company"), a leading cryptocurrency mining enterprise, today announced the first closing of its previously announced transactions (the "Transactions") contemplated by the share exchange agreement, as amended (the "Share Exchange Agreement"), dated February 16, 2021, with Blockchain Alliance Technologies Holding Company ("Blockchain Alliance"), a Cayman Islands company and a "Non-U.S. Person" as defined in Regulation S of the Securities Act of 1933, as amended. Pursuant to the Share Exchange Agreement, the Company has issued an aggregate of 44,353,435 Class A ordinary shares of par value US$0.00005 per share of the Company (the "Class A Ordinary Shares") to Blockchain Alliance in exchange for the entire outstanding share capital of Blockchain Alliance Technologies Limited held by Blockchain Alliance.

BIT Mining Limited Announces First Closing of BTC.com Businesses Acquisition

SHENZHEN, China, April 12, 2021 /PRNewswire/ -- BIT Mining Limited (500.com Limited, NYSE: WBAI) ("BIT Mining Limited" or the "Company"), a leading cryptocurrency mining enterprise, today announced that at its extraordinary general meeting, held on April 8, 2021, the Company's shareholders passed both (i) the special resolution to change the English name of the Company to "BIT Mining Limited", effective as of April 8, 2021 and (ii) the ordinary resolution to increase the authorized share capital of the Company by US$50,000 through the addition of 900,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each and 100,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each. Together with the previously authorised share capital, the company's total share capital is now US$100,000, which is divided into 1,599,935,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,000 Class A Preference Shares of a nominal or par value of US$0.00005 each, issued in accordance to the Board Minutes dated April 5, 2021 and 400,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each.

BIT Mining Limited (500.com Limited) Announces Voting Results of Extraordinary General Meeting

SHENZHEN, China, April 5, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a cryptocurrency mining enterprise, today announced that it has entered into a share exchange agreement ("Share Exchange Agreement") with shareholders (the "Selling Shareholders") of Bee Computing (HK) Limited ("Bee Computing"). Pursuant to the Share Exchange Agreement, the Company expects to issue an aggregate of 45,825,530 of its Class A ordinary shares valued at US$2.182 per share, corresponding to US$21.82 per American Depositary Share ("ADS") (based on the ratio of ten ordinary shares per ADS), representing a consideration of US$100 million in aggregate, to the Selling Shareholders and research and development team members, in exchange for the total issued share capital of Bee Computing.

500.com Limited Announces Acquisition of a 7-nanometer Mining Machine Manufacturer and New Issuance of Preference Shares

SHENZHEN, China, March 31, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a cryptocurrency mining enterprise, today announced that it has completed its previously announced subscription for 169,354,839 shares of Loto Interactive Limited (HKEX: 08198) ("Loto Interactive") at a price of HK$0.62 per share for a total consideration of HK$105 million (US$13.5 million) in cash (the "Share Subscription").  Upon completion of the Share Subscription, the Company's ownership of Loto Interactive increased to 54.3% and Loto Interactive became a subsidiary of the Company.

500.com Limited Completes Subscription for Shares of Loto Interactive Limited

SHENZHEN, China, March 19, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a cryptocurrency mining enterprise in China, today announced that it will hold an extraordinary general meeting of shareholders at 14F, West Side, Block B, Building No. 7, Shenzhen Bay Eco-Technology Park, Nanshan District, Shenzhen, The People's Republic of China on April 8, 2021 at 10:00 a.m.

500.com Limited to Hold Extraordinary General Meeting on April 8, 2021; Announces Relocation of Headquarters to Singapore

SHENZHEN, China, March 15, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a cryptocurrency mining enterprise in China, today announced that it has completed its acquisition of bitcoin mining machines owned by certain non-U.S. persons in exchange for an aggregate of 11,882,860 newly-issued Class A ordinary shares valued at US$1.21 per share, corresponding to US$12.10 per American Depositary Share ("ADS") (based on the ratio of ten ordinary shares per ADS), the closing trading price of the Company's ADSs on January 8, 2021. This transaction was previously announced on January 11, 2021.

500.com Limited Completes Acquisition of Bitcoin Mining Machines with Total Hash Rate Capacity of Approximately 918.5 PH/s

The stock price of 500.com Ltd (NYSE: WBAI) has increased by 15% pre-market. This is why it happened.

WBAI Stock Price Increases 15% Pre-Market: Why It Happened

SHENZHEN, China, March 8, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), an enterprise committed to developing cryptocurrency mining businesses, today announced that a majority of its Board of Directors (the "Board") resolved to change the Company's (i)...

500.com Limited Announces Board Approval of Changes to Company Names and Ticker Symbol, as well as Calling of Extraordinary General Meeting

SHENZHEN, China, Feb. 23, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a China-based enterprise committed to developing cryptocurrency mining businesses, today announced the closing of its previously announced private placement transaction pursuant to...

500.com Limited Receives 356.04342 Bitcoins and Announces Closing of Private Placement

Bitcoin is driving the company's shares higher.

Why Shares of 500.com Limited Popped 75% Today

The stock price of 500.Com Ltd (NYSE: WBAI) is trading at over 70% pre-market. This is why it happened.

WBAI Stock Price Increases Over 70% Pre-Market: Why It Happened

SHENZHEN, China, Feb. 16, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), today announced that it has entered into a share exchange agreement (the "Share Exchange Agreement") with Blockchain Alliance Technologies Holding Company ("Blockchain Alliance"), a...

500.com Limited Announces Acquisition of BTC.com Businesses

Betting on cryptocurrencies is helping this Chinese stock today.

Why 500.com's Shares Popped 45.3% Today

SHENZHEN, China, Feb. 8, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com," "the Company," "we," "us," "our company," or "our"), an online sports lottery service provider in China, today reported its unaudited financial results for the fourth quarter and full year ended...

500.com Limited Announces Unaudited Financial Results For the Fourth Quarter and Full Year ended December 31, 2020

SHENZHEN, China, Feb. 3, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), today announced that it plans to release its financial results for the fourth quarter and full year ended December 31, 2020 after the close of U.S. markets on Monday, February 8, 2021....

500.com Limited to Report Fourth Quarter and Full Year 2020 Financial Results on February 8, 2021

SHENZHEN, China, Jan. 28, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), today announced that it has entered into a share subscription agreement (the "Share Subscription Agreement"), pursuant to which it has conditionally agreed to subscribe for...

500.com Limited to Subscribe for Shares of Loto Interactive Limited

SHENZHEN, China, Jan. 21, 2021 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), today announced that it has entered into a definitive purchase agreement (the "Agreement") with certain non-U.S. persons (the "Sellers") pursuant to which the Company expects to issue...

500.com Entered into an Agreement to Acquire Bitcoin Mining Machines

SHENZHEN, China, Dec. 28, 2020 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), an online sports lottery service provider in China, today announced that Mr. Zhaofu Tian has resigned as Chief Technology Officer of the Company due to personal reasons, effective...

500.com Limited Announces Management Change

SHENZHEN, China, Dec. 21, 2020 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), an online sports lottery service provider in China, today announced that it has entered into a definitive share subscription agreement (the "Agreement") with Good Luck Information...

500.com Limited Announces Private Placement and Appointment of New Officers

SHENZHEN, China, Dec. 14, 2020 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a leading online sports lottery service provider in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the...

500.com Limited Filed 2019 Annual Report on Form 20-F

SHENZHEN, China, Nov. 23, 2020 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), an online sports lottery service provider in China, today announced that it will hold its annual general meeting of shareholders at 12F, West Side, Block B, Building No. 7, Shenzhen...

500.com Limited to Hold Annual General Meeting on December 25, 2020

SHENZHEN, China, Nov. 20, 2020 /PRNewswire/ -- 500.com Limited (NYSE: WBAI) ("500.com," "the Company," "we," "us," "our company," or "our"), an online sports lottery service provider in China, today reported its unaudited financial results for the third quarter ended September 30, 2020....

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