Share this article
Chinese Lottery Firm 500.com Acquires Crypto Mining Pool BTC.com
BTC.com is currently owned by Bitdeer Technologies and former Bitmain CEO Jihan Wu.
Updated Sep 14, 2021, 12:11 p.m. Published Feb 16, 2021, 12:57 p.m.
U.S.-listed Chinese sports lottery firm 500.com (NYSE: WBAI) said Tuesday it's inked a share-swap deal to acquire the cryptocurrency mining pool business of Bitdeer Technologies, including BTC.com.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to an announcement, the agreement will see 500.com purchase all the shares of Bitdeer-owned Blockchain Alliance, which is based in the Cayman Islands, with 10% of its own shares.
A cryptocurrency cloud mining firm, Bitdeer Technologies is majority owned by its chairman, Jihan Wu, who recently resigned as the CEO and chairman of mining giant Bitmain following a lengthy dispute with a co-founder. BTC.com's pool mines various cryptocurrencies including bitcoin, bitcoin cash, ether and litecoin.
Read more: China’s 500.com to Purchase Another $8.5M Worth of Bitcoin Miners
The stock swap announced by 500.com will include the transfer of the entire mining pool business of Bitdeer Technologies, including the domain name BTC.com and the cryptocurrency wallet of BTC.com and is expected to occur around April.
This year, 500.com has been busy making moves to acquire batches of bitcoin mining machines after it announced a pivot to the cryptocurrency space in January.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Filecoin Declines 7%, Breaking Below $1.43 Support
The token now has support at the $1.37 level and resistance at $1.43.
What to know:
- FIL slumped from $1.48 to $1.38, breaking key support with an 85% volume spike
- The technical breakdown confirms a trend reversal from the December highs near $1.55.
Top Stories
