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 Ltd (BTCM) became SOLAI Limited after a shareholder-approved name change and ticker change to SLAI. Company news around the issuer covers its shift from cryptocurrency mining toward blockchain and AI infrastructure, including Solana treasury and staking operations, stablecoin and payment infrastructure, and digital-asset ecosystem initiatives.
Updates also address operating and financial results, cryptocurrency mining and data center activities, ADS shareholder voting matters, governance actions, and participation in real-world-asset tokenization efforts tied to green energy assets.
BIT Mining (NYSE: BTCM) has announced its strategic focus on mining Litecoin (LTC) and Dogecoin (DOGE) alongside Bitcoin, reporting nearly triple the profitability compared to Bitcoin mining alone. The company currently operates over 5,552 mining machines with a combined hash rate of 18.94 TH/s, representing 1.32% of the global network hash rate for LTC/DOGE/BEL mining.
Since starting its LTC and DOGE mining operations, the company has mined 84,485.42 LTC and 227,908,250.38 DOGE. BIT Mining's success is attributed to its self-produced LD3 miners, developed following the 2021 acquisition of Bee Computing. The company has also recently expanded operations into Ethiopia.
BIT Mining (NYSE: BTCM) has announced a US$14.28 million acquisition of 51-megawatt crypto mining data centers in Ethiopia and 17,869 Bitcoin mining machines. The deal includes a US$2.265 million cash payment and company shares worth US$12.015 million.
The acquisition will be completed in two phases: first, a 35-megawatt operational data center and all mining machines will be transferred, followed by the remaining data centers upon construction completion. This strategic move follows BIT Mining's divestiture of its mining pool business, focusing on mining machine innovation, self-operated mining, and data center operations.
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