#United States #Akron #BIT Mining #Solana #SOLAI

BIT Mining's Rebranding to SOLAI

In a significant strategic move, BIT Mining Limited, a key player in the cryptocurrency sector, is poised to rebrand itself as SOLAI Limited. This decision signals a new direction for the company as it transitions from its roots in cryptocurrency mining towards developing a sophisticated on-chain financial infrastructure. The rebranding is not merely superficial; it reflects a deeper commitment to becoming a pivotal component of the Solana ecosystem, which is known for its high-performance blockchain technology.

A New Identity with a Purpose

The new name, SOLAI, intertwines the word SOL (meaning 'sun' in Latin) with the vision of Solana, underscoring the company’s ambition to innovate through artificial intelligence. This name encapsulates SOLAI's dual focus: creating robust blockchain systems while fostering innovation that promotes technological optimism and environmental sustainability.

Bo Yu, the Chairman and Chief Operating Officer of the newly branded company, stated, "Becoming SOLAI marks the next chapter in our journey to providing the best value for our shareholders." He emphasized the goal of establishing a global financial infrastructure powered by AI, which is rooted in transparency and optimized for capital efficiency. This strategic initiative will initially leverage the Solana ecosystem but is intended to scale across various blockchain platforms, thereby bridging innovation with traditional financial systems.

Expanding the Solana Footprint

Since signaling its evolution beyond traditional mining practices, SOLAI has steadily fortified its presence in the Solana ecosystem. The company recently initiated a validator node on the Solana network and engaged in staking SOL tokens as part of its comprehensive $300 million ecosystem strategy. This momentum not only highlights the company’s adaptability in a rapidly changing market but also illustrates its dedication to contributing to the growth and resilience of the blockchain infrastructure.

Upcoming Shareholder Meeting

As part of the rebranding process, the company’s board has announced plans to change its name to SOLAI Limited, pending approval from its shareholders in an extraordinary general meeting scheduled for October 9, 2025. At this meeting, shareholders will also vote on changing the ticker symbol to SLAI. This critical engagement allows stakeholders to participate directly in shaping the new identity and direction of the company.

Holders of ordinary shares and Class A preference shares as of August 25, 2025, will be entitled to participate in the EGM. Notices related to the agenda and resolutions for shareholder approval will be available on the company’s Investor Relations website ahead of the meeting date.

Future Outlook

SOLAI aims to leverage its technological expertise in cryptocurrency infrastructure to enhance efficiency across blockchain ecosystems and widen participation in decentralized finance. By focusing on bridging AI capabilities with blockchain technology, the company intends to create innovations that can ultimately reshape how financial systems operate.

In light of these changes, SOLAI is positioned at the forefront of the evolving cryptocurrency landscape, aiming to make a lasting impact while addressing the needs of its shareholders and the broader market.

For more information on the upcoming changes and company developments, stakeholders can visit the official website or reach out to the company's contact resources for detailed annual reports and statements.