Bit Mining Restricted introduced plans to rebrand as SOLAI Restricted, reflecting a strategic shift from cryptocurrency mining towards constructing onchain clever monetary infrastructure inside the Solana panorama.
Bit Mining Unveils Plan to Rebrand as SOLAI
The corporate, presently traded on the NYSE as BTCM, will search shareholder approval to alter its identify and undertake the brand new ticker image “SLAI.” This transfer alerts an evolution from a pure-play miner right into a broader digital belongings firm targeted on blockchain infrastructure and decentralized finance (DeFi).
This transformation is centered on the Solana ecosystem. Bit Mining had beforehand introduced it had bought 27,191 solana ( SOL) tokens and launched a validator node on the community, marking important preliminary steps in its new course.
The proposed identify, SOLAI, merges “ SOL” from Solana with “AI,” symbolizing a twin concentrate on high-performance blockchain techniques and synthetic intelligence. The corporate acknowledged on Wednesday that it goals to construct a world monetary infrastructure powered by AI and pushed by transparency.
A rare normal assembly (EGM) shall be held on Oct. 9, 2025, for shareholders to vote on the proposed adjustments. Shareholders of document as of Aug. 25, 2025, are entitled to vote. The EGM shall be held on the firm’s deal with in Akron, Ohio. A number of different publicly traded corporations have modified their identify in the identical method, reflecting a shift towards crypto infrastructure or bitcoin/altcoin treasury administration.
