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SOLAI (NYSE: SLAI) reported unaudited results for Q3 ended September 30, 2025. Revenue was US$4.4M (down 8.3% YoY); operating loss narrowed to US$2.7M from US$4.8M a year earlier. Non-GAAP adjusted net loss was US$2.4M. Data center service fees were US$2.9M (up US$1.1M YoY); self-mining revenue was US$1.5M. Operating costs rose to US$11.1M (up 23.3% YoY). Changes in fair value of crypto assets contributed US$2.4M positive. Cash and cash equivalents totaled US$3.8M and cryptocurrency assets totaled US$12.3M as of September 30, 2025.
SOLAI (NYSE: SLAI) announced it will release its unaudited financial results for the third quarter ended September 30, 2025 after the U.S. market close on Friday, November 21, 2025. The company, previously known as BIT Mining, is a technology-driven cryptocurrency infrastructure firm based in Akron, Ohio.
SOLAI (NYSE: SLAI) will hold an extraordinary general meeting on December 29, 2025 at 10:00 a.m. ET with a record date of November 24, 2025. The company filed its Form 20-F for year ended Dec 31, 2024 on April 29, 2025 and shareholder materials are available on its investor website.
The Board approved issuance of 65,000 Class A II preference shares at US$1.00 each (total US$65,000) to Good Luck Capital Limited, owned by founder and executive director Man San Vincent Law. Key terms: each Preference Share carries voting power equal to 400,000 Class A ordinary shares, is non-convertible, carries no dividends, and may be transferred with Board approval. Following issuance, Mr. Law's aggregate voting power rises from ~31.8% to ~94.0%.
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 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.
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