From Mining to AI: BIT Mining Limited Rebrands as SOLAI to Embrace Blockchain-AI Convergence

2025-12-31 08:55:29

BIT Mining Limited, the NYSE-listed cryptocurrency infrastructure enterprise, has finalized its strategic repositioning through a formal name and trading symbol change. The company will now operate as SOLAI Limited under the ticker SLAI, with trading set to commence under the new identity on October 20, 2025.

The transition reflects a deliberate pivot away from traditional crypto mining toward an integrated technology platform that combines artificial intelligence with blockchain infrastructure. The company’s shareholders approved this English name change through special resolution at an extraordinary general meeting held on October 9, 2025.

The Strategic Vision Behind the Rebrand

Bo Yu, serving as Chairman, outlined the rationale for this transformation: “The next generation of innovation sits at the intersection of intelligent systems and decentralized networks. By uniting AI capabilities with blockchain architecture, we’re constructing platforms that enable secure, efficient, and rapid value and information exchange. This applies to both traditional participants and autonomous systems. Our ecosystem will weave intelligence and connectivity throughout digital environments, fostering collaboration and trust between enterprises and end users.”

The rebrand signals SOLAI’s ambition to expand beyond its mining heritage into a diversified blockchain-based ecosystem encompassing stablecoin development, payment infrastructure, Solana-based treasury management, and AI-native transaction protocols.

Trading Details and Corporate Structure

SOLAI Limited’s American Depositary Shares (ADSs) have undergone this transition—each ADS continues to represent 100 Class A ordinary shares with a par value of US$0.00005 per share. These securities will begin trading on the New York Stock Exchange under the refreshed ticker symbol SLAI at market open on October 20, 2025, following the announcement made on August 20, 2025.

The company leverages its established expertise in blockchain and data infrastructure to strengthen on-chain efficiency and broaden participation across the Solana ecosystem and beyond, targeting institutional settlement, commercial applications, consumer payment systems, and transactions powered by AI agents.

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