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BIT Mining Advances Solana Strategy with 27,191 SOL Purchase and Validator Launch
BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency infrastructure company, today announced the launch of its first Solana (“SOL”) validator, alongside the initial purchase of 27,191 SOL (at an aggregate purchase price of approximately US$4.89 million) to establish the Company’s growing SOL treasury. This milestone follows the Company’s July 10 announcement outlining a strategic shift into the Solana ecosystem, backed by plans to raise up to $300 million for SOL acquisitions and xainfrastructure development.
The validator is operated by BIT Mining’s internal infrastructure team and supported by the Company’s proprietary technologies. By beginning to stake its own SOL through a self-operated validator, the Company actively contributes to Solana’s network decentralization and security, generating on-chain rewards through validator operations. This deployment marks the beginning of a broader effort to build a presence across the Solana validator set as BIT Mining scales its treasury and infrastructure footprint in parallel.
“This validator launch is a foundational step in operationalizing our Solana strategy. We are not just holding SOL, we are helping power the network,” said Bo Yu, the Chairman and Chief Operating Officer of the Company. “It demonstrates our belief in Solana’s potential and our commitment to building meaningful infrastructure that supports its growth, security, and decentralization.”
As BIT Mining deepens its commitment to Solana, the Company is actively exploring additional opportunities across the ecosystem. By combining a growing SOL treasury with hands-on validator operations, BIT Mining is well-positioned to capture both the financial and strategic upside of Solana’s rapidly expanding on-chain economy.
With its new BIT Mining Solana Validator, the company solidifies its commitment to Solana by expanding its staking presence and technical contribution to network growth.
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BIT Mining Advances Solana Strategy with 27,191 SOL Purchase and Validator Launch
BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency infrastructure company, today announced the launch of its first Solana ("SOL") validator, alongside the initial purchase of 27,191 SOL (at an aggregate purchase price of approximately US$4.89 million) to establish the Company's growing SOL treasury. This milestone follows the Company's July 10 announcement outlining a strategic shift into the Solana ecosystem, backed by plans to raise up to $300 million for SOL acquisitions and xainfrastructure development.
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