Posted inThe Chain

Chinese sports lottery firm turns to bitcoin mining

NYSE-listed Chinese sports lottery outfit 500.com, which announced it was moving into the cryptocurrency space in January, is buying thousands of bitcoin mining machines. 500.com said Tuesday it has signed a deal to purchase 5,900 units for 55.2 million yuan ($8.5 million), Coinbase reports. Under a wider a framework agreement, the firm, which offers a comprehensive and integrated […]