Welcome to our dedicated page for Bit Mining news (Ticker: BTCM), a resource for investors and traders seeking the latest updates and insights on Bit Mining stock.
BIT Mining Limited (historical ticker BTCM) appears in news and regulatory disclosures as a technology-driven cryptocurrency asset and infrastructure company that has been reshaping its business around the Solana ecosystem and AI-integrated financial infrastructure. Its press releases and associated Form 6-K filings provide insight into this transition, including details on mining operations, data centers, Solana treasury activities and stablecoin development.
News coverage for BTCM includes announcements about the company’s strategic shift toward Solana ("SOL") treasury operations, the launch of a self-operated Solana validator, and significant purchases of SOL to build a treasury that is then staked to support network decentralization and security. Additional items describe the acquisition and expansion of cryptocurrency mining data centers and Bitcoin mining machines in Ethiopia, as well as ongoing operations at an Ohio mining site.
Another key theme in BTCM-related news is the launch of DOLAI, a U.S. dollar-backed stablecoin on the Solana blockchain. The company describes DOLAI as a compliant, institutional-grade stablecoin designed to connect AI agents, merchants, consumers and institutional finance, with planned multi-chain interoperability and integration with AI payment protocols.
BTCM news also documents the company’s corporate evolution, including board resolutions to change its English name from BIT Mining Limited to SOLAI Limited and its ticker symbol from BTCM to SLAI, shareholder approval of the name change, and the effective date when its American Depositary Shares began trading on the New York Stock Exchange under the new name and symbol. Investors and observers can use this news stream to follow how the business has moved from a focus on crypto mining toward a broader role in Solana-focused and AI-related blockchain infrastructure.
SOLAI (NYSE:SLAI) announced on October 21, 2025 that it has joined the Real-World Assets (RWA) Alliance as a founding member to support tokenization of green energy assets. The Alliance seeks to address asset liquidity and opaque valuation by using blockchain to standardize, fractionalize, and increase transparency of physical assets.
The Alliance will pursue four strategic pillars: standardized RWA frameworks, an alliance-based asset operation system, authoritative certification, and improved liquidity and capital efficiency. SOLAI highlighted its stablecoin and payment infrastructure expertise as a contribution to lowering investor entry barriers and connecting global capital to green energy RWAs.
BIT Mining (NYSE: BTCM) announced that its American Depositary Shares will begin trading under the new name SOLAI Limited and new ticker SLAI effective at market open on October 20, 2025.
No action is required by current shareholders and the Companys CUSIP will remain unchanged. The rebrand reflects a strategic pivot into artificial intelligence and blockchain technology, with stated intent to improve on-chain efficiency and expand presence in the Solana and other blockchain ecosystems.
Historical ADS trading data before October 20, 2025 may temporarily appear under BIT Mining or ticker BTCM on some third-party websites and apps.
BIT Mining (NYSE: BTCM) announced it will change its English name to SOLAI Limited and its NYSE ticker to SLAI. Shareholders approved the English name change at an extraordinary general meeting on October 9, 2025. The company said the rebrand reflects a strategic shift from cryptocurrency mining toward a technology focus on artificial intelligence and blockchain integration. The company's American Depositary Shares, each representing 100 Class A ordinary shares, are expected to begin trading under the new name and ticker at the open on October 20, 2025.
BIT Mining (NYSE: BTCM) has announced the purchase of 17,221 SOL, expanding its Solana treasury to 44,412 SOL, valued at approximately $9.95 million as of September 10, 2025.
The company, which plans to rebrand as SOLAI Limited, is strengthening its position in the Solana ecosystem through treasury growth and validator operations. Additionally, BIT Mining is launching DOLAI, a USD-denominated stablecoin on the Solana Blockchain, in partnership with Brale Inc., focusing on connecting AI agents, merchants, consumers, and institutional finance.
BIT Mining Limited (NYSE: BTCM) has announced the launch of DOLAI, a USD-backed stablecoin on the Solana blockchain. The stablecoin, developed in partnership with Brale Inc., features 1:1 dollar collateralization with reserves held in cash and short-term U.S. Treasuries.
DOLAI is designed as an AI-native payment currency with several key features: integration with AI payment protocols for machine-to-machine transactions, multi-chain interoperability across Ethereum, Base, and Canton networks, and compatibility with over 20 stablecoins. The platform supports direct minting and redemption via traditional banking methods like ACH and wire transfers.
The stablecoin aims to serve various sectors including commerce, institutional settlements, and Web3 applications, with planned features for confidential transfers and tokenized real-world asset opportunities.
BIT Mining Limited (NYSE: BTCM) has announced plans to rebrand as SOLAI Limited (NYSE: SLAI), reflecting its strategic transformation from a cryptocurrency mining company to a broader digital assets organization focused on the Solana ecosystem. The company has already initiated its ecosystem strategy with a $300 million investment, including launching a validator node on Solana and beginning SOL staking operations.
The rebranding decision requires shareholder approval at an extraordinary general meeting (EGM) scheduled for October 9, 2025. The new name SOLAI combines 'SOL' with AI, representing the company's focus on high-performance blockchain systems and artificial intelligence integration for building on-chain intelligent financial infrastructure.
BIT Mining Limited (NYSE: BTCM) reported its unaudited financial results for H1 2025, showing significant challenges. The company posted revenues of US$11.0 million, down 43.3% year-over-year, and a net loss of US$13.9 million compared to net income of US$18.9 million in H1 2024.
The company's operations include self-mining with 347.30 PH/s BTC capacity and 8,149.73 GH/s DOGE/LTC capacity, alongside an 82.5-megawatt data center in Ohio. BIT Mining is strategically transitioning toward Solana operations, having acquired $7.1 million worth of SOL and launched a validator node.
Key operational updates include completing two closings of an Ethiopian data center acquisition and maintaining focus on infrastructure development despite challenging market conditions.
BIT Mining Limited (NYSE: BTCM), a cryptocurrency infrastructure company, will release its unaudited financial results for Q2 2025 on Thursday, August 14, 2025, after the U.S. market close. The results will cover the period ended June 30, 2025.
BIT Mining (NYSE: BTCM) has launched its first Solana validator and purchased 27,191 SOL tokens for approximately $4.89 million to establish its SOL treasury. This development follows the company's strategic shift into the Solana ecosystem announced in July 2025, which includes plans to raise up to $300 million for SOL acquisitions and infrastructure development.
The validator, operated by BIT Mining's internal infrastructure team and supported by proprietary technologies, will contribute to Solana's network decentralization while generating on-chain rewards. This initiative represents the first step in BIT Mining's broader strategy to expand its presence across the Solana validator set while scaling its treasury and infrastructure footprint.
BIT Mining (NYSE: BTCM) has completed the second phase of its strategic acquisition of cryptocurrency mining data centers in Ethiopia. The company issued 45,278,600 Class A ordinary shares to acquire the remaining data centers and Bitcoin mining machines, following the first phase completion on December 9, 2024. The total power capacity of the acquired data centers now stands at 51 megawatts.
CEO Xianfeng Yang announced a strategic pivot, indicating the company's increased focus on exploring opportunities within the Solana ecosystem to capture broader market potential and drive long-term growth.