According to a report by PR Newswire on August 20, BIT Mining Limited, a cryptocurrency mining company listed on the New York Stock Exchange, announced that it will be renamed SOLAI. The stock trading code will also be adjusted to 'SLAI' to promote a strategic transformation towards Solana. The company will further explore next-generation blockchain infrastructure, decentralized finance, and smart contract innovations. BIT Mining Limited is steadily expanding its influence in the Solana ecosystem, having recently launched a validation node on Solana and started staking the SOL it purchased, which is part of its $300 million ecosystem strategy.