BIT Mining Limited Announces Name and Ticker Change

Core Viewpoint - The company BIT Mining Limited is transitioning to a new name, SOLAI Limited, and a new ticker symbol, SLAI, reflecting a strategic shift from cryptocurrency mining to a focus on technology at the intersection of artificial intelligence and blockchain [1][2][3]. Company Name and Ticker Change - The company's board of directors resolved to change its English name to "SOLAI Limited" and its ticker symbol to "SLAI," pending shareholder approval, which was granted at an extraordinary general meeting on October 9, 2025 [2]. - The new ticker symbol "SLAI" will be effective for trading on the New York Stock Exchange starting October 20, 2025 [4]. Strategic Shift - The transition to SOLAI represents a strategic shift towards developing technology solutions that integrate AI and blockchain, aiming to create reliable and scalable platforms for both human and autonomous participants [3]. - The company envisions fostering more trusted and dynamic interactions among businesses and users through unified environments that combine intelligence and connectivity across digital ecosystems [3]. Business Expansion - BIT Mining, now SOLAI, is expanding its operations beyond crypto mining to build a blockchain-based ecosystem that includes AI, stablecoins, and payment infrastructure, supporting various use cases such as institutional settlement and consumer payments [5]. - The company aims to enhance on-chain efficiency and increase participation across Solana and other blockchain ecosystems by leveraging its expertise in blockchain and data infrastructure [5].