BIT Mining Limited Expands into the Solana Ecosystem

Core Insights - BIT Mining Limited is strategically expanding into the Solana ecosystem, aiming to capture emerging opportunities in the blockchain value chain and attract investors interested in Solana [1][4] - The company plans to build a SOL treasury by raising between $200 million and $300 million, which will be used to accumulate SOL tokens and strengthen its treasury reserves [2][3] - BIT Mining will convert its existing crypto holdings into SOL and adopt a long-term holding strategy, while also operating validator nodes to support network decentralization and generate staking rewards [3][4] Company Overview - BIT Mining is a technology-driven cryptocurrency mining company involved in mining, data center operations, and mining machine manufacturing, with a focus on developing a vertically integrated crypto-mining ecosystem [5]