500.com announced that it would purchase 15,900 mining machines, and its share price increased sixfold in January

Wu said blockchain learned that 500.com (500 Lottery Network) announced that it would use RMB 55.2 million to purchase 5,900 Bitcoin mining machines, which are expected to be delivered in the second quarter of 2021. Since the unit price is less than RMB 10,000, it is likely to be second-hand mining machines or small-power mining machines; at the same time, 500.com agreed in principle to purchase another 10,000 Bitcoin mining machines in 2021. Previously, 500.com announced the acquisition of Sichuan mining resources Lotto Interactive Entertainment, which can provide 6.27% of the BTC network's computing power. At present, the stock price of 500.com has increased by more than 600% compared with more than a month ago.