Mike Olson

- For the six months ended June 30, 2025, BIT Mining Limited reported **total revenues of $11,013 thousand**, a decrease from $19,359 thousand for the same period in 2024.  **[1517496_0001104659-25-093862_btcm-20250926xex99d2.htm:0]**  The company also recorded a **net loss attributable to BIT Mining Limited of $(13,899) thousand**, compared to a net income of $18,948 thousand in the prior year period, resulting in an **earnings per ADS of $(0.87)** for the six months ended June 30, 2025, down from $1.69 in the prior year.  **[1517496_0001104659-25-093862_btcm-20250926xex99d1.htm:2]** 
- The company announced a **strategic shift toward Solana (SOL) treasury operations** in July 2025, aiming to build an integrated ecosystem centered on SOL staking and ecosystem development.  **[1517496_0001104659-25-093862_btcm-20250926xex99d2.htm:0]** **[1517496_0001104659-25-093862_btcm-20250926xex99d1.htm:29]**  This includes the launch of its first SOL validator in August 2025 and the introduction of **DOLAI, a U.S. dollar-backed stablecoin** on Solana, in collaboration with Brale Inc..  **[1517496_0001104659-25-093862_btcm-20250926xex99d1.htm:29]** 
- As of June 30, 2025, **cash, cash equivalents, and restricted cash stood at $1,225 thousand**.  **[1517496_0001104659-25-093862_btcm-20250926xex99d1.htm:4]** **[1517496_0001104659-25-093862_btcm-20250926xex99d2.htm:5]**  The company also completed the second closing of its acquisition of a cryptocurrency mining data center in Ethiopia on July 14, 2025, and issued **186,335,000 Class A ordinary shares** in July 2025 for net proceeds of approximately **$10,566 thousand**.  **[1517496_0001104659-25-093862_btcm-20250926xex99d1.htm:29]**

BIT Mining Limited Reports Q2 2025 Financial Results and Announces Strategic Shift to Solana Ecosystem

- BIT Mining Limited announced the **purchase of an additional 17,221 SOL**.  **[1517496_0001104659-25-089238_tm2525875d1_ex99-1.htm:0]** 
- This purchase increases the Company's total SOL treasury to **44,412 SOL**, which was valued at approximately **$9.95 million** as of September 10, 2025.  **[1517496_0001104659-25-089238_tm2525875d1_ex99-1.htm:0]** 
- The Company is deepening its commitment to the Solana ecosystem, exploring additional opportunities, and plans to be renamed **SOLAI Limited**.  **[1517496_0001104659-25-089238_tm2525875d1_ex99-1.htm:0]** 
- BIT Mining recently rolled out **DOLAI**, a USD denominated stablecoin, on the Solana Blockchain.  **[1517496_0001104659-25-089238_tm2525875d1_ex99-1.htm:0]**

BIT Mining Announces Additional SOL Purchase and Solana Strategy Update

- BIT Mining Limited purchased an additional **17,221 SOL**, increasing its total SOL treasury to **44,412 SOL**.  **[1517496_20250911CN71330:0]** 
- The company's SOL treasury is valued at approximately **$9.95 million**, based on the quoted price of SOL at UTC 0:00 as of **September 10, 2025**.  **[1517496_20250911CN71330:0]** 
- This purchase is part of the company's strategy to strengthen its presence in the Solana ecosystem and operate validators.  **[1517496_20250911CN71330:0]** 
- BIT Mining is also rolling out **DOLAI**, a USD denominated stablecoin on the Solana Blockchain, in collaboration with Brale Inc..  **[1517496_20250911CN71330:0]** 
- The company is soon to be renamed **SOLAI Limited**, subject to shareholder approval.  **[1517496_20250911CN71330:0]**

BIT Mining (BTCM)