Asian Gambling Operator Acquires Crypto Mining Assets

The Asian online gambling operator announced a deal with Blockchain Alliance Technologies Holding Company. According to the deal, will be in control of the entire mining pool business of BTHC, which operates as The deal also involves the transfer of the domain and crypto wallet. will issue more than 44m Class A shares which represent around 10% of its outstanding shares to Blockchain Alliance. In exchange the gambling operator will receive all shares in Blockchain Alliance Technologies Ltd held by Blockchain Alliance. Moreover, there is a potential top-up payment of 5% of’s outstanding shares. It will happen if reports a net operating profit of at least $20m in 2021. is a Chinese online gambling operator. The company had been one of the only 2 Chinese firms approved to participate in that country’s ‘pilot project’ of online lottery sales. After years of financial problems, turned to crypto.

They are expanding into cryptocurrency mining since the beginning of the year. Earlier in 2021 they made another deal for $14.4m for buying Bitcoin mining machines. Later on, paid $13.5m to boost its stake in Hong Kong-based Loto Interactive from 33.7% to 54.2%. 

The deal between and BTHC includes:

the transfer to the Company of the entire mining pool business of Bitdeer Technologies Holding Company (“BitDeer”) operated under, including the domain name and the cryptocurrency wallet of (collectively, the “ Pool Businesses”) is publicly traded on the NYSE with a market cap of around $1 billion. After the announcement, its share price rocketed up.


Leave a Reply

Your email address will not be published. Required fields are marked *

Ducky Luck Casino
Top Casinos
4.5 rating
US players accepted. 400% welcome bonus for new players.
5.0 rating
Free Spins, Free Bets and more amazing offers for casino and sports players.
5.0 rating
Welcome Bonus 150% GET 50 Free Spins
5.0 rating
Get 100% up to 200EUR + 20 Free Spins on your first deposit!
5.0 rating
Get 11% cashback on your losses with Samosa Casino.
© Copyright 2021 ALL-CASINOSBET.COM.
Designed by