{"id":123,"date":"2024-06-14T12:27:05","date_gmt":"2024-06-14T09:27:05","guid":{"rendered":"https:\/\/freecashbonusnodepositcasino.icu\/2024\/06\/14\/500-com-bets-on-blockchain-and-bitcoin-mining-to-revive-fortunes\/"},"modified":"2024-06-17T14:51:44","modified_gmt":"2024-06-17T11:51:44","slug":"500-com-bets-on-blockchain-and-bitcoin-mining-to-revive-fortunes","status":"publish","type":"post","link":"https:\/\/freecashbonusnodepositcasino.icu\/2024\/06\/14\/500-com-bets-on-blockchain-and-bitcoin-mining-to-revive-fortunes\/","title":{"rendered":"500.com Bets on Blockchain and Bitcoin Mining to Revive Fortunes"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/YMIZ5mHRO4E\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>500.com, an internet-based sports wagering company in China, experienced a revenue uptick of 5% in the last three months of 2020, hitting 9 million yuan (approximately $1.4 million USD). This upward trend follows a challenging year and represents a substantial 48% leap in revenue compared to the preceding quarter.  Despite this positive development, the firm still disclosed an operating deficit for the year, albeit notably lower than the loss reported in 2019. <\/p>\n<p>Intriguingly, 500.com is venturing into the realm of blockchain technology and digital currencies.  The company has inked an agreement to acquire a majority stake in Lotto Interactive, an organization that has achieved success in Bitcoin mining operations.  Furthermore, they are investing heavily \u2013 around $8.5 million USD \u2013 to purchase nearly 6,000 Bitcoin mining devices.  It appears 500.com is wagering on the potential of cryptocurrency, with the hope that this strategic pivot will propel them back into profitability. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>500.com, an internet-based sports wagering company in China, experienced a revenue uptick of 5% in the last three months of 2020, hitting 9 million yuan (approximately $1.4 million USD). This upward trend follows a challenging year and represents a substantial 48% leap in revenue compared to the preceding quarter. Despite this positive development, the firm [&hellip;]<\/p>\n","protected":false},"author":110,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>500.com Sees Revenue Surge: Is This Chinese Sports Betting Back on Track?<\/title>\n<meta name=\"description\" content=\"Chinese sports wagering company 500.com just posted a 5% revenue increase, raking in $1.4 million USD in the last quarter. Is this a sign that the Chinese sports betting market is recovering? Dive in to find out!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/freecashbonusnodepositcasino.icu\/2024\/06\/14\/500-com-bets-on-blockchain-and-bitcoin-mining-to-revive-fortunes\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"500.com Bets on Blockchain and Bitcoin Mining to Revive Fortunes\" \/>\n<meta property=\"og:description\" content=\"Chinese sports wagering company 500.com just posted a 5% revenue increase, raking in $1.4 million USD in the last quarter. Is this a sign that the Chinese sports betting market is recovering? 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