Cryptocurrency mining company BIT Mining will be renamed SOLAI to promote its strategic transformation towards Solana

ChainCatcher news, according to PR Newswire, the NYSE-listed crypto mining company BIT Mining Limited announced that it will be renamed SOLAI, and the stock trading code will also be adjusted to "SLAI" to promote its strategic transformation towards Solana. The company will subsequently explore next-generation blockchain infrastructure, decentralized finance, and innovations in smart contracts.

BIT Mining Limited is steadily expanding its influence in the Solana ecosystem, recently launching a validation node on Solana and beginning to stake its purchased SOL, which is part of its $300 million ecosystem strategy.