Bit Mining Limited has announced its plans to rebrand as SOLAI Limited, reflecting a strategic shift from cryptocurrency mining to building smart financial infrastructure on the Solana network.
The company, which is currently traded on the New York Stock Exchange under the symbol BTCM, will seek shareholder approval to change its name and adopt a new symbol on the exchange, which is expected to be SOAI.
This shift aligns with recent developments in the cryptocurrency market, where companies are moving towards more innovative fields such as decentralized financial infrastructure (DeFi) and artificial intelligence on the blockchain.
Stay tuned for more cryptocurrency news.
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