PANews reported on August 20th that BIT Mining Limited announced plans to change its name to SOLAI (NYSE: SLAI) to reflect its strategic transformation and in-depth investment in the Solana ecosystem. The name, SOLAI, combines the Latin word for "sun" (SOL) with Solana's vision, symbolizing the company's focus on high-performance blockchain systems and AI-driven innovation. The company's board of directors has resolved to change its English name and stock symbol, pending approval at a special shareholders' meeting on October 9th. BIT Mining recently deployed Solana validators and launched a $300 million ecosystem strategy, aiming to become a long-term contributor to the blockchain network and promote decentralization and ecosystem resilience.

Earlier news : Bit Mining will convert its cryptocurrency holdings into Solana and will raise $200 million to $300 million for the Solana strategy .