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Share this article Share this article 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. The bitcoin mining machines acquired in this transaction (the Bitcoin Mining Machines ) include such models as the S17, T17, M20s and S9. The theoretical maximum total hash rate capacity of the  Bitcoin Mining Machines is estimated to be approximately 918.5 PH/s. Once fully deployed, the Company estimates that all of its bitc

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