BIT Mining intends to rebrand as SOLAI

[rebranding word text on torn paper on wooden background]
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BIT Mining (NYSE:BTCM [https://seekingalpha.com/symbol/BTCM]) announced [https://seekingalpha.com/pr/20206139-bit-mining-attempts-to-rebrand-as-solai-to-reflect-strategic-shift-toward-the-solana] on Wednesday an intent to rebrand to SOLAI (SLAI), a name that reflects its evolution from a pure-play cryptocurrency miner into a broader digital assets company.

Shares were +5.92% pre-market to $3.04.

"SOLAI—merging SOL (derived from the Latin for 'sun') with SOLANA's vision, empowered by AI—symbolizes our dual focus on high-performance blockchain systems and visionary innovation, embodying technological hope and sustainable scientific advancement," said the company in a statement.

The rebrand builds on the company's $300M Solana (SOL-USD [https://seekingalpha.com/symbol/SOL-USD]) ecosystem strategy.

The company will hold an extraordinary general meeting at 428 South Seiberling Street, Akron, Ohio, on October 9, 2025, at 10:00 AM New York time.

MORE ON BIT MINING

* Bit Mining: Undervalued, Unproven, And Eyeing Solana [https://seekingalpha.com/article/4804421-bit-mining-undervalued-unproven-and-eyeing-solana]
* BIT Mining expands into Solana ecosystem; shares climb 135% [https://seekingalpha.com/news/4466522-bit-mining-expands-into-the-solana-ecosystem-shares-climb-135]
* Seeking Alpha’s Quant Rating on BIT Mining [https://seekingalpha.com/symbol/BTCM/ratings/quant-ratings]
* Historical earnings data for BIT Mining [https://seekingalpha.com/symbol/BTCM/earnings]
* Financial information for BIT Mining [https://seekingalpha.com/symbol/BTCM/income-statement]