Core Insights - SOLAI Limited reported its unaudited financial results for the third quarter ended September 30, 2025, highlighting steady progress in its core initiatives, including the Solana treasury strategy and stablecoin technology validation [2][5]. Financial Performance - Total revenues for the three months ended September 30, 2025, were US$4.4 million, a decrease of US$0.4 million or 8.3% from US$4.8 million in the same period of 2024, with no change compared to the previous quarter [11]. - Revenue from self-mining was US$1.5 million, down US$1.5 million from the same quarter in 2024, while data center operations generated US$2.9 million, an increase of US$1.1 million year-over-year [5][10]. - Operating costs and expenses rose to US$11.1 million, an increase of US$2.1 million or 23.3% from US$9.0 million in Q3 2024, but decreased slightly from US$11.5 million in Q2 2025 [12]. Loss Metrics - The operating loss for the quarter was US$2.7 million, an improvement from US$4.8 million in Q3 2024 and US$5.8 million in Q2 2025 [18]. - Net loss attributable to SOLAI was US$2.5 million, down from US$4.8 million in Q3 2024 and US$5.8 million in Q2 2025 [20]. - Non-GAAP adjusted net loss was US$2.4 million for the quarter, compared to US$4.8 million in Q3 2024 and US$5.5 million in Q2 2025 [21]. Cryptocurrency Operations - The company produced 2.7 million DOGE and 816 LTC from its mining operations, generating approximately US$0.7 million in revenue [7]. - The total hash rate capacity for BTC mining machines was approximately 343.90 PH/s, with 7.1 BTC produced, contributing around US$0.8 million in revenue [8]. Asset Overview - As of September 30, 2025, SOLAI had cash and cash equivalents of US$3.8 million, up from US$1.8 million at the end of 2024 [23]. - Cryptocurrency assets totaled US$12.3 million, including 14.6 BTC, 133 ETH, and 0.3 million DOGE, primarily from mining activities [24].

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]

Core Viewpoint - BIT Mining Limited has launched DOLAI, a USD-backed stablecoin aimed at integrating AI agents, merchants, consumers, and institutional finance within the Solana blockchain ecosystem, with plans for multi-chain interoperability [1][2][6] Group 1: Stablecoin Features - DOLAI is a compliant, institutional-grade stablecoin, ensuring 1:1 dollar collateralization with reserves in cash and short-term U.S. Treasuries, adhering to U.S. regulatory requirements [2] - The infrastructure includes robust AML/KYC and OFAC screening to ensure compliance with current regulations [2] Group 2: AI Integration and Interoperability - DOLAI is designed as an AI-native payment currency, facilitating autonomous machine-to-machine transactions through emerging AI payment protocols [3] - The stablecoin is natively available on Solana, with API connectivity for seamless swaps across multiple blockchains and over 20 stablecoins [4] Group 3: Banking and Institutional Use - Institutions can mint and redeem DOLAI via ACH or wire transfers, bridging traditional finance with crypto-native settlement [4] - DOLAI aims to support fast, low-cost purchases, online shopping, remittances, and micro-payments by autonomous AI agents [9] Group 4: Future Vision and Ecosystem Development - The company envisions DOLAI as a currency for the agentic economy, enabling AI agents to autonomously access data, services, and liquidity while settling payments instantly on-chain [6] - BIT Mining Limited is expanding its blockchain-based ecosystem to include AI, stablecoins, and payment infrastructure, enhancing on-chain efficiency and participation across various blockchain ecosystems [7]