500.com7nm ChipsASIC ManufacturerASICsBit Mining LimitedBitcoin (BTC)Bitcoin miningBitcoin.comBTCBTC MiningBtc.comChinaChinese Lottery firmEthereumLitecoinMiningYufei Jiang

Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million

Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in…
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No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy consumption

“Blood coin,” “clean coin” and maybe even “virgin coin” will become commonplace phrases as Bitcoin’s environmental concerns continue to rage. Shark Tank and Dragon’s Den personality Kevin O’Leary is taking a stand against what he terms “blood coin,” that being…
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