PANews August 20 news, according to BIT Mining Limited announcement, the company plans to rename itself to SOLAI (NYSE: SLAI) to reflect its strategic transformation and deep layout in the Solana ecosystem. The name SOLAI combines the Latin word 'sun' (SOL) with Solana's vision, symbolizing the company's focus on high-performance blockchain systems and AI-driven innovation. The company's board has resolved to change the English name and stock code, pending approval at the special shareholders' meeting on October 9. BIT Mining has recently deployed Solana validation nodes and launched a $300 million ecological strategy, aiming to become a long-term contributor to the blockchain network and promote decentralization and ecological resilience.
Previous news, Bit Mining: will convert cryptocurrency holdings to Solana, raising $200 million to $300 million for the Solana strategy.
