Welcome to our dedicated page for Bit Mining news (Ticker: BTCM), a resource for investors and traders seeking the latest updates and insights on Bit Mining stock.
BIT Mining Limited (BTCM) provides a vertically integrated cryptocurrency mining platform combining self-operated data centers, mining pool management, and advanced hardware production. This page serves as the definitive source for official updates and analysis on the company's strategic developments within the blockchain ecosystem.
Investors and industry observers will find comprehensive coverage of operational expansions, technology innovations, and regulatory compliance updates. Key focus areas include hydroelectric-powered mining facilities, efficiency improvements in 7-nanometer chip-based mining rigs, and developments within the BTC.com mining pool network.
All content undergoes rigorous verification to ensure accurate reporting on financial disclosures, partnership announcements, and sustainability initiatives. The curated news selection enables stakeholders to track BIT Mining's progress in optimizing energy efficiency while maintaining competitive hash rates.
Bookmark this page for real-time updates on BIT Mining's efforts to strengthen its position as a leader in sustainable cryptocurrency infrastructure. Regularly refreshed content ensures informed decision-making for those monitoring the evolving crypto-mining sector.
BIT Mining (NYSE: BTCM) has announced the purchase of 17,221 SOL, expanding its Solana treasury to 44,412 SOL, valued at approximately $9.95 million as of September 10, 2025.
The company, which plans to rebrand as SOLAI Limited, is strengthening its position in the Solana ecosystem through treasury growth and validator operations. Additionally, BIT Mining is launching DOLAI, a USD-denominated stablecoin on the Solana Blockchain, in partnership with Brale Inc., focusing on connecting AI agents, merchants, consumers, and institutional finance.
BIT Mining Limited (NYSE: BTCM) has announced the launch of DOLAI, a USD-backed stablecoin on the Solana blockchain. The stablecoin, developed in partnership with Brale Inc., features 1:1 dollar collateralization with reserves held in cash and short-term U.S. Treasuries.
DOLAI is designed as an AI-native payment currency with several key features: integration with AI payment protocols for machine-to-machine transactions, multi-chain interoperability across Ethereum, Base, and Canton networks, and compatibility with over 20 stablecoins. The platform supports direct minting and redemption via traditional banking methods like ACH and wire transfers.
The stablecoin aims to serve various sectors including commerce, institutional settlements, and Web3 applications, with planned features for confidential transfers and tokenized real-world asset opportunities.
BIT Mining Limited (NYSE: BTCM) has announced plans to rebrand as SOLAI Limited (NYSE: SLAI), reflecting its strategic transformation from a cryptocurrency mining company to a broader digital assets organization focused on the Solana ecosystem. The company has already initiated its ecosystem strategy with a $300 million investment, including launching a validator node on Solana and beginning SOL staking operations.
The rebranding decision requires shareholder approval at an extraordinary general meeting (EGM) scheduled for October 9, 2025. The new name SOLAI combines 'SOL' with AI, representing the company's focus on high-performance blockchain systems and artificial intelligence integration for building on-chain intelligent financial infrastructure.
BIT Mining Limited (NYSE: BTCM) reported its unaudited financial results for H1 2025, showing significant challenges. The company posted revenues of US$11.0 million, down 43.3% year-over-year, and a net loss of US$13.9 million compared to net income of US$18.9 million in H1 2024.
The company's operations include self-mining with 347.30 PH/s BTC capacity and 8,149.73 GH/s DOGE/LTC capacity, alongside an 82.5-megawatt data center in Ohio. BIT Mining is strategically transitioning toward Solana operations, having acquired $7.1 million worth of SOL and launched a validator node.
Key operational updates include completing two closings of an Ethiopian data center acquisition and maintaining focus on infrastructure development despite challenging market conditions.
BIT Mining Limited (NYSE: BTCM), a cryptocurrency infrastructure company, will release its unaudited financial results for Q2 2025 on Thursday, August 14, 2025, after the U.S. market close. The results will cover the period ended June 30, 2025.
BIT Mining (NYSE: BTCM) has launched its first Solana validator and purchased 27,191 SOL tokens for approximately $4.89 million to establish its SOL treasury. This development follows the company's strategic shift into the Solana ecosystem announced in July 2025, which includes plans to raise up to $300 million for SOL acquisitions and infrastructure development.
The validator, operated by BIT Mining's internal infrastructure team and supported by proprietary technologies, will contribute to Solana's network decentralization while generating on-chain rewards. This initiative represents the first step in BIT Mining's broader strategy to expand its presence across the Solana validator set while scaling its treasury and infrastructure footprint.
BIT Mining (NYSE: BTCM) has completed the second phase of its strategic acquisition of cryptocurrency mining data centers in Ethiopia. The company issued 45,278,600 Class A ordinary shares to acquire the remaining data centers and Bitcoin mining machines, following the first phase completion on December 9, 2024. The total power capacity of the acquired data centers now stands at 51 megawatts.
CEO Xianfeng Yang announced a strategic pivot, indicating the company's increased focus on exploring opportunities within the Solana ecosystem to capture broader market potential and drive long-term growth.
BIT Mining Limited (NYSE: BTCM) announced its strategic expansion into the Solana ecosystem, marking a significant shift in the company's growth strategy. The cryptocurrency mining company plans to establish an SOL treasury of up to $300 million, to be raised in phases based on market conditions.
The company will convert its existing crypto holdings into SOL tokens and adopt a long-term holding strategy. Additionally, BIT Mining plans to operate validator nodes in the Solana network to support decentralization and generate staking rewards. CEO Xianfeng Yang emphasized this move as a strategic step into one of the most promising blockchain ecosystems.
BIT Mining (NYSE: BTCM), a technology-driven cryptocurrency mining company, has announced the filing of its 2024 annual report on Form 20-F with the Securities and Exchange Commission (SEC) on April 29, 2025.
The annual report is now accessible through multiple channels:
- SEC website: http://www.sec.gov
- Company's investor relations website: ir.btcm.group
Shareholders and ADS holders can request a complimentary hard copy of the annual report, which includes audited consolidated financial statements. Requests should be directed to the company's IR Department via email at ir@btcm.group.
BIT Mining (NYSE: BTCM) has released its March 2025 mining and operations update. The company produced 41.55 Bitcoin, including 34.96 BTC for hosted clients and 6.59 BTC self-mined, along with 2,383,708 Dogecoin and 651.6 Litecoin.
The company's infrastructure includes 82.5 MW power capacity in Ohio and ongoing expansion in Ethiopia, where construction is progressing to reach 51 MW capacity by May 2025. BIT Mining has received 8,458 mining machines at its Ethiopian site, with an additional 8,171 machines pending customs clearance.
The company owns over 28,000 mining machines with a currently deployed hash rate of 423 PH/s. The cost per self-mined BTC was approximately $65,831, with an average mining time of 5.2 days per Bitcoin.
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