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Recent press releases and 8-K filings for BTCM.
SOLAI Limited Announces Extraordinary General Meeting and Preference Share Issuance
BTCM
Proxy Vote Outcomes
- SOLAI Limited will hold an Extraordinary General Meeting (EGM) on December 29, 2025, to vote on a proposal to increase the authorized share capital to US$1,940,000 by creating 30,000,000,000 Class A Ordinary Shares.
- The company's board approved the issuance of 65,000 Class A II preference shares at a subscription price of US$1.00 per share to Good Luck Capital Limited, a company wholly-owned by founder and executive director Mr. Man San Vincent Law, for a total cash consideration of US$65,000.
- Each Class A II preference share carries a voting power equal to 400,000 Class A ordinary shares, and these preference shares are not convertible into Class A or B ordinary shares or American Depositary Shares.
- Following this issuance, Mr. Man San Vincent Law's aggregate voting power is expected to increase significantly from approximately 31.8% to approximately 94.0%.
Nov 13, 2025, 11:02 AM
Riot Platforms Reports Strong Q3 2025 Financial Results and Data Center Expansion
BTCM
Earnings
New Projects/Investments
- Riot Platforms reported record quarterly revenue of $180.2 million for the three months ended September 30, 2025, a substantial increase from $84.8 million in the same period of 2024.
- The company achieved net income of $104.5 million, or $0.26 diluted EPS, and Adjusted EBITDA of $197.2 million for the quarter.
- Strategically, Riot announced the initiation of 112 MW of core and shell development for its Corsicana data center campus, marking a key advancement in its transformation into a large-scale data center operator.
- As of September 30, 2025, Riot held 19,287 bitcoin, equating to approximately $2.2 billion based on market price.
Oct 30, 2025, 8:30 PM
BIT Mining Limited Announces Name and Ticker Change
BTCM
New Projects/Investments
Delisting/Listing Issues
- BIT Mining Limited announced it will change its name to SOLAI Limited and its ticker symbol from BTCM to SLAI.
- These changes are effective at the opening of trading on Monday, October 20, 2025.
- The company's strategic focus is shifting from crypto mining to a technology enterprise at the intersection of artificial intelligence and blockchain.
- Shareholders approved the English Name Change at an extraordinary general meeting held on October 9, 2025.
Oct 10, 2025, 10:11 AM
BIT Mining Limited Announces Name and Ticker Change
BTCM
New Projects/Investments
Proxy Vote Outcomes
- BIT Mining Limited is changing its English name to SOLAI Limited and its ticker symbol from BTCM to SLAI.
- The name change was approved by shareholders on October 9, 2025, and the new name and ticker symbol are expected to be effective at the opening of trading on Monday, October 20, 2025.
- This transition marks a strategic shift from crypto mining to a technology enterprise focused on the intersection of artificial intelligence and blockchain.
Oct 10, 2025, 10:00 AM
BIT Mining Limited Reports Q2 2025 Financial Results and Announces Strategic Shift to Solana Ecosystem
BTCM
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- 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. 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.
- 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. 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..
- As of June 30, 2025, cash, cash equivalents, and restricted cash stood at $1,225 thousand. 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.
Sep 26, 2025, 8:11 PM
BIT Mining Announces Additional SOL Purchase and Solana Strategy Update
BTCM
New Projects/Investments
Product Launch
- BIT Mining Limited announced the purchase of an additional 17,221 SOL.
- 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.
- The Company is deepening its commitment to the Solana ecosystem, exploring additional opportunities, and plans to be renamed SOLAI Limited.
- BIT Mining recently rolled out DOLAI, a USD denominated stablecoin, on the Solana Blockchain.
Sep 11, 2025, 11:24 AM
BIT Mining Increases Solana Holdings and Announces Renaming
BTCM
New Projects/Investments
Product Launch
- BIT Mining Limited purchased an additional 17,221 SOL, increasing its total SOL treasury to 44,412 SOL.
- 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.
- This purchase is part of the company's strategy to strengthen its presence in the Solana ecosystem and operate validators.
- BIT Mining is also rolling out DOLAI, a USD denominated stablecoin on the Solana Blockchain, in collaboration with Brale Inc..
- The company is soon to be renamed SOLAI Limited, subject to shareholder approval.
Sep 11, 2025, 10:00 AM
Quarterly earnings call transcripts for BTCM.
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