BIT Mining Limited (NYSE:BTCM) (the "Company"), a leading technology-driven cryptocurrency company, today announced that it seeks to rebrand to SOLAI (NYSE:SLAI), a name that reflects the Company's strategic transformation and commitment to building an on-chain intelligent financial infrastructure. The new brand identity underscores the Company's evolution from a pure-play cryptocurrency miner into a broader digital assets company focused on next-generation blockchain infrastructure, decentralized finance, and smart contract innovation.
SOLAI—merging SOL (derived from the Latin for 'sun') with SOLANA's vision, empowered by AI—symbolizes our dual focus on high-performance blockchain systems and visionary innovation, embodying technological hope and sustainable scientific advancement.
"Becoming SOLAI marks the next chapter in our journey to providing the best value for our shareholders," commented Bo Yu, the Chairman and Chief Operating Officer of the Company. "We will establish a global financial infrastructure powered by AI, driven by transparency, and optimized for capital efficiency. Beginning with the SOLANA ecosystem, our strategic foundation will seamlessly expand to other blockchain platforms, bridging innovation with real-world financial ecosystems."
Since announcing its evolution beyond mining, the Company has steadily expanded its footprint in the Solana ecosystem. The Company recently launched a validator node on Solana and began staking the SOL it purchased as part of a broader $300 million ecosystem strategy. The rebrand builds on this momentum and signals the Company's ambition to be a long-term contributor to the growth, decentralization, and resilience of the blockchain network.
The Company's board of directors (the "Board") resolved to (i) change the Company's English name to "SOLAI Limited" (the "English Name Change"), subject to shareholders' approval to be obtained at an extraordinary general meeting of shareholders (the "EGM"), and (ii) change the ticker symbol to "SLAI."