TLDR
- BIT Mining rebrands to SOLAI, pivots from crypto to AI + blockchain tech
- BTCM becomes SLAI as company shifts focus to AI and decentralized systems
- SOLAI rises: BIT Mining unveils AI-blockchain future, new ticker “SLAI”
- BIT Mining transforms into SOLAI to target AI, blockchain infrastructure
- BTCM to SLAI: AI-powered blockchain future begins October 20 on NYSE
BIT Mining Limited (NYSE: BTCM) reported a 3.02% drop on October 9, closing at $2.89. However, the stock reversed direction in pre-market trading, climbing 2.08% to $2.95. This movement coincided with a major company announcement regarding its corporate identity and market positioning.
Rebrand to SOLAI Limited Sets Strategic Pivot
BIT Mining has officially confirmed a corporate name change to SOLAI Limited after securing shareholder approval on October 9. The transition marks a significant strategic pivot from cryptocurrency mining to AI and blockchain-based infrastructure. The new direction aims to integrate intelligent systems with decentralized technologies to create more dynamic and trusted ecosystems.
The Board of Directors initiated this shift during a meeting held on August 20, 2025. The plan included renaming the company and updating its stock ticker to reflect its evolving business model. Following the shareholders’ special resolution at the extraordinary general meeting, both changes will take effect.
Trading under the new ticker “SLAI” is scheduled to begin on Monday, October 20, 2025. This update will reflect the company’s redefined mission and broader technological focus. The name SOLAI underscores its vision of blending AI with blockchain to power next-generation platforms.
SLAI to Replace BTCM on the NYSE
BIT Mining’s American Depositary Shares (ADSs), each representing 100 Class A ordinary shares, will reflect the change on the NYSE. The current ticker symbol “BTCM” will be replaced with “SLAI” at the next market open on October 20. All share structures and underlying values will remain unchanged.
This move enables the company better to align its market presence with its long-term operational goals. The updated name and ticker are designed to improve clarity for stakeholders and partners. Moreover, the rebrand supports a more diversified technology outlook beyond traditional crypto infrastructure.
With SOLAI, the company plans to focus on developing scalable and secure platforms that connect human and machine participants. The aim is to enable real-time, efficient, and safe exchanges of value and data. These efforts target institutional, commercial, and emerging AI-driven applications.
Broader Business Scope Targets AI-Blockchain Integration
The rebrand signals BIT Mining’s expansion into broader digital ecosystems through AI-native and blockchain-based operations. Its updated roadmap includes stablecoin development, AI transaction platforms, and Solana treasury activities. The company aims to create environments where machines and humans can interact intelligently.
SOLAI aims to address multiple use cases, including consumer payments, institutional settlements and agent-based transaction flows. These efforts will leverage the company’s core expertise in blockchain and on-chain infrastructure. As a result, it aims to make a meaningful contribution to Solana and other blockchain ecosystems.
This strategic shift is designed to enhance market relevance and improve long-term growth prospects. By integrating AI and blockchain, SOLAI aims to develop next-generation digital solutions that prioritize reliability and scalability. The rebrand supports a future-ready approach for diverse technological engagement.
