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Chinese lottery company buys Bitcoin Miner Maker for $100M, also bought the third-largest mining pool, BTC.com and 3 mining farms.

Chinese lottery company buys Bitcoin Miner Maker for $100M, also bought the third-largest mining pool, BTC.com and 3 mining farms.



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  1. tldr; Chinese online lottery company 500.com has acquired Bee Computing, a Hong Kong-registered maker of bitcoin mining machines, for $100 million. BIT Mining will pay Bee Computing $35 million in stock by the end of the second quarter this year and send the other $65 million worth of stock after the acquired company manages to produce a certain number of 7nm ASIC Bitcoin mining machines as well as make higher performance bitcoin, ethereum and litecoin mining machines.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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