Toronto, Ontario--(Newsfile Corp. - November 7, 2025) - Banxa Holdings Inc. (TSXV: BNXA) (OTC Pink: BNXAF) (FSE: AC00) ("Banxa" or the "Company"), a leading infrastructure provider for enabling embedded crypto within payment platforms, today announced that the hearing for the final order of the Supreme Court of British Columbia (the "Court") to approve the previously announced plan of arrangement (the "Arrangement") with OSL Group Limited and OSL BNXA Acquisition Inc. (together, "OSL"), has been further ad ...

Group 1 - Solmate Infrastructure (NASDAQ:SLMT) shares surged 46% in pre-market trading following updates on new data centers, mergers and acquisitions, and financing strategies [1][4] - The company has selected a new data center in the United Arab Emirates for its Solana validators and is pursuing an aggressive M&A strategy to enhance growth within the Solana ecosystem [2][3] - Solmate secured a $300 million private investment in public equity offering, providing flexibility for new infrastructure announcements [3] Group 2 - Earlier this month, the company purchased $50 million worth of SOL, which is expected to support its Solana infrastructure [4] - At the time of reporting, SOL was priced at $188.03, reflecting a 1.51% increase in the last 24 hours [4] - The stock has shown a 19% gain over the past six months, despite a 13.11% decline in the previous trading session [4]

Group 1 - Solmate Infrastructure (NASDAQ:SLMT) shares surged 46% in pre-market trading following updates on new data centers, mergers and acquisitions, and financing strategies [1][4] - The company has selected a new data center in the United Arab Emirates for its Solana validators and is pursuing an aggressive M&A strategy to enhance growth within the Solana ecosystem [2][3] - Solmate secured a $300 million private investment in public equity offering, providing flexibility for new infrastructure announcements [3] Group 2 - Earlier this month, the company purchased $50 million worth of SOL, which is expected to support its Solana infrastructure [4] - At the time of reporting, SOL was priced at $188.03, reflecting a 1.51% increase in the last 24 hours [4] - The stock has shown a 19% gain over the past six months, despite a 13.11% decline in the previous trading session [4]

Core Viewpoint - BIT Mining Limited will rebrand as SOLAI Limited, effective October 20, 2025, with a new ticker symbol SLAI, reflecting its strategic shift towards artificial intelligence and blockchain technology [1][2]. Group 1: Company Overview - BIT Mining Limited, soon to be SOLAI Limited, is a technology-driven cryptocurrency infrastructure company transitioning from crypto mining to a broader blockchain ecosystem that includes AI, stablecoins, and payment infrastructure [4]. - The company aims to enhance on-chain efficiency and expand its participation in Solana and other blockchain ecosystems, thereby delivering value to its shareholders [2][4]. Group 2: Trading Information - The American Depositary Shares (ADSs) of the company will begin trading under the new name and ticker symbol on the New York Stock Exchange without requiring any action from current shareholders [1]. - Historical trading data for the company's ADSs may temporarily be found under the old name BIT Mining Limited and ticker BTCM until updated on third-party platforms [3].

Summary of Sol Strategies Inc. Update / Briefing Company Overview - **Company Name**: Sol Strategies Inc. - **Focus**: Solana-focused infrastructure and digital asset treasury - **Background**: Transitioned from Cypherpunk Holdings, emphasizing Solana since September last year, with a dual strategy involving a Solana treasury and a validator business [2][3] Leadership Transition - **Current Leadership**: Interim CEO has stepped in following the previous CEO's transition, who successfully led the NASDAQ uplisting [3][4] - **Team Strength**: Strong leadership team established, including a CTO and Chief of Operations, with ongoing external CEO search [3] Capital Deployment and Treasury Strategy - **Recent Fundraising**: Completed a C$30 million life raise, focusing on SOL acquisitions [5][6] - **Treasury Composition**: Post-fundraising, treasury expected to hold approximately $520,000 in SOL, all staked to their own validators, generating a staking yield of around 7% [8][9] - **Validator Business**: Currently has 2.7 million SOL delegated, valued over $500 million, providing staking services to third parties [9] Operational Priorities - **Institutional Access**: Aiming to enhance Wall Street's access to Solana blockchain and convey its advantages, particularly the attractive 7% staking yield compared to other cryptocurrencies [10][11] - **Infrastructure Expansion**: Plans to grow the validator business and explore additional services to enhance revenue streams [12] North Star Strategy - **Vision**: Belief in the inevitable adoption of blockchain technology in the global financial system, positioning Solana as the leading platform for this transition [14][15] - **Infrastructure Role**: Focus on becoming a substantial infrastructure provider on Solana, facilitating transactions and offering services to institutional partners [15] NASDAQ Uplisting Impact - **Liquidity Improvement**: NASDAQ listing enhances stock liquidity and access to U.S. institutional investors, aiding in treasury growth [18][19] - **Fundraising Strategy**: Emphasis on clean balance sheet and strategic fundraising to grow the treasury without convoluted equity structures [18] Risk Mitigation and Infrastructure Assurance - **Infrastructure Certifications**: Achieved ISO 27001, SOC 1 Type 1, and SOC 2 Type 1 certifications, with SOC 2 Type 2 audit in progress [20][22] - **Operational Reliability**: High uptime of validators, with one validator achieving 19 months of continuous uptime [22] - **Treasury Management**: Utilizes qualified custodians and strict access controls to manage treasury safely [22][23] Conclusion - **Future Outlook**: Sol Strategies Inc. is positioned to be a key player in the Solana ecosystem, focusing on infrastructure and institutional engagement as blockchain technology continues to evolve [19][24]

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].

Core Insights - ZeroHash has achieved unicorn status with a valuation of $1 billion after securing $104 million in Series D-2 financing [1] - The investment round was led by Interactive Brokers, with participation from Morgan Stanley, SoFi Technologies, and Apollo Global Management [1][2] - This funding round marks the first cryptocurrency infrastructure investment for several major Wall Street institutions [2] Company Developments - ZeroHash aims to be the "Amazon Web Services" of on-chain infrastructure, highlighting its role in the cryptocurrency ecosystem [4] - The total funding raised by ZeroHash since its inception in 2017 now stands at $275 million, which will be used for product expansion and talent growth [4] - The company is positioned to support on-chain innovation for leading financial institutions [4] Industry Trends - The investment reflects a growing interest among financial institutions in blockchain technology and its adoption [5] - Executives from major banks are reportedly spending over 50% of their time on blockchain innovation, indicating a significant shift in focus within the financial services sector [6]

Core Points - LQWD Technologies Corp. has successfully closed a non-brokered private placement financing of C$2,500,000 [1][2] - The financing involved the issuance of 1,666,667 units at a price of C$1.50 per unit, each consisting of one common share and one common share purchase warrant [2] - The warrants are exercisable at C$2.00 per share for up to 12 months, with an acceleration clause if the trading price reaches C$2.50 for 10 consecutive days [3] Use of Proceeds - The net proceeds from the private placement will be allocated for additional Bitcoin purchases to be deployed on the Lightning Network, aimed at generating yield and enhancing the company's treasury strategy, along with general working capital [4] Company Overview - LQWD Technologies Corp. is a Canadian public company focused on advancing Bitcoin adoption through the Lightning Network, which facilitates instant, low-cost transactions [6] - The company operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity, positioning itself as a leader in Lightning infrastructure [6][7] - LQWD offers investors exposure to both the long-term appreciation of Bitcoin and the revenue potential of Lightning-based payment technology [7]

Core Insights - Institutional interest in Solana is increasing, with corporate treasuries expanding their holdings significantly, totaling 6.49 million SOL [1] - BIT Mining Limited and Upexi Inc. are leading the charge in corporate investments in Solana, reflecting both long-term conviction and short-term gains from the token's price rally [1] BIT Mining Limited - BIT Mining Limited has purchased an additional 17,221 SOL, bringing its total treasury to over 44,000 SOL, valued at approximately $9.95 million as of September 10, 2025 [2] - The company aims to strengthen its presence in the Solana ecosystem, focusing on validator operations to secure the network and capture staking rewards [3] - BIT Mining transitioned to Solana earlier this year, planning to raise up to $300 million to build its SOL treasury, moving away from its previous focus on Bitcoin and other cryptocurrencies [7] Upexi Inc. - Upexi Inc. has adopted a Solana treasury strategy, reporting holdings of 2,018,419 SOL valued at $447 million, reflecting an unrealized gain of $142 million [4] - The company generates an annual yield of around 8% from staking, with daily staking rewards approximately $105,000 [4] - Upexi introduced an "adjusted SOL per share" metric, which as of September 10 stood at 0.0197, or $4.37, marking increases of 56% and 126% since the initiative's launch [5] - The company has seen strong treasury performance and increased visibility through finance conferences, with former BitMEX CEO Arthur Hayes joining its advisory committee [6]

Group 1 - The company, BIT Mining Limited, is set to be renamed SOLAI Limited and has increased its SOL treasury to over 44,000 SOL, valued at approximately $9.95 million as of September 10, 2025 [1] - The company has purchased an additional 17,221 SOL to strengthen its position in the Solana ecosystem and plans to continue operating its validators to enhance network security [1] - BIT Mining is actively exploring further opportunities within the Solana ecosystem, aiming to leverage its growing SOL treasury and validator operations for financial and strategic benefits [1] Group 2 - The company has announced the launch of DOLAI, a USD-denominated stablecoin on the Solana Blockchain, which aims to connect various stakeholders within the ecosystem [2] - DOLAI is being developed in collaboration with Brale Inc. to ensure compliance and is expected to expand into multi-chain interoperability [2] - BIT Mining Limited is transitioning from a focus on crypto mining to building a comprehensive blockchain-based ecosystem that includes AI, stablecoins, and payment infrastructure [3]