500.com Limited American Depositary Shares, each representing 10 Class A shares (WBAI) News
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WBAI News Highlights
- WBAI's 30 day story count now stands at 4.
- Over the past 20 days, the trend for WBAI's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- The most mentioned tickers in articles about WBAI are PAR and ADS.
Latest WBAI News From Around the Web
Below are the latest news stories about 500com Ltd that investors may wish to consider to help them evaluate WBAI as an investment opportunity.
BIT Mining Limited Announces Trading of ADSs under New English Name and New Ticker SymbolBIT Mining Limited (NYSE: BTCM) ("BIT Mining Limited" or the "Company"), a leading cryptocurrency mining enterprise, 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). |
BIT Mining Limited (500.com Limited) Announces Voting Results of Extraordinary General MeetingBIT 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 ... |
500.com trades high on preference shares issuance500.com (WBAI) trades 6.9% higher premarket after entering into a share exchange agreement with Bee Computing shareholders wherein the former expects to issue 45.8M of its Class A ordinary shares valued at $2.182/share corresponding to $21.82/ADS leading to a total consideration of $100M to selling shareholders and R&D team members.The ordinary shares represent ~8.18% of... |
500.com Limited Completes Subscription for Shares of Loto Interactive Limited500.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. The Share Subscription was announced on January 28, 2021. |
500.com Limited to Hold Extraordinary General Meeting on April 8, 2021; Announces Relocation of Headquarters to Singapore500.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., local time. |
500.com Limited Completes Acquisition of Bitcoin Mining Machines with Total Hash Rate Capacity of Approximately 918.5 PH/s500.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 Announces Board Approval of Changes to Company Names and Ticker Symbol, as well as Calling of Extraordinary General Meeting500.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) English name to "BIT Mining Limited" (the "English Name Change"), subject to shareholder approval being received for the English Name Change, (ii) Chinese business name to "比特矿业", and (iii) ticker symbol to "BTCM." |
500.com Limited Announces Agreement with BitDeer Subsidiary to Purchase Mining Machines with Total Computing Power of 113P, as well as Agreement to Purchase Ethereum Mining Machines with Total Computing Power of 4800G500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a China-based enterprise committed to developing cryptocurrency mining businesses, today announced that it has entered into a definitive agreement with a subsidiary of BitDeer (the "Seller") to purchase 1,923 S17 Bitcoin mining machines for a total consideration of RMB31.3 million (approximately US$4.9 million). These mining machines are deployed and in operation in Xinjiang, with an aggregate computing power of 113 PH/s. The Company today has paid the total consideration in full, and the Seller has transferred ownership of all the mining machines. As of today, the Company has officially begun generating revenue from cryptocurrency mining operations. |
Bitcoin Prices Tease $50,000 As More Wall Street Banks Drawn InBitcoin prices were back below $50,000 Tuesday after topping that milestone for the first time amid more mainstream acceptance. |
Why Shares of 500.com Limited Popped 75% TodayShares of 500.com Limited (NYSE: WBAI) jumped as much as 75% in trading on Tuesday after announcing an acquisition and as Bitcoin (CRYPTO: BTC) briefly climbed to over $50,000. 500.com announced that it will issue 44.4 million Class A shares to acquire the Blockchain Alliance, amounting to about 10% of the company's shares outstanding. This includes the acquisition of BTC.com and the mining pool business of Bitdeer Technologies. |