When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
WBAI - 500.com soars after acquisition of crypto mining pool
500.com Limited American Depositary Shares each representing 10 Class A shares
500.com (WBAI) is in a deal to acquire Blockchain Alliance, the cryptocurrency mining operation of Bitdeer Technologies.It's an all-stock deal, with WBAI to issue about 44.35M shares initially (10% of the float), with more coming depending on performance.Bitdeer Technologies is run by Jihan Wu, who recently stepped down as CEO of big crypto mining player Bitmain after a dispute with his co-founder.WBAI +75.4% premarket.