BIT Mining Attempts to Rebrand as SOLAI to Reflect Strategic Shift Toward the Solana Ecosystem

Core Viewpoint - BIT Mining Limited is rebranding to SOLAI to reflect its strategic transformation towards building an on-chain intelligent financial infrastructure, moving beyond its original focus on cryptocurrency mining [1][3] Group 1: Rebranding and Strategic Focus - The new name SOLAI combines the Latin word for 'sun' with the vision of SOLANA, emphasizing high-performance blockchain systems and innovation [2] - The rebranding signifies the company's ambition to contribute to the growth and resilience of the blockchain network, starting with the SOLANA ecosystem [3] Group 2: Corporate Actions and Governance - The company's board has resolved to change its English name to "SOLAI Limited" and its ticker symbol to "SLAI," pending shareholder approval at an extraordinary general meeting (EGM) [4] - The EGM is scheduled for October 9, 2025, in Akron, Ohio, where shareholders will vote on the proposed changes [4][5] Group 3: Financial Strategy and Ecosystem Development - The company has launched a validator node on Solana and initiated staking of SOL as part of a broader $300 million ecosystem strategy [3] - The company aims to enhance on-chain efficiency and expand participation across Solana and other blockchain ecosystems by leveraging its expertise in blockchain and data infrastructure [7]