BIT Mining Limited has announced its strategic expansion into the Solana blockchain, shifting beyond traditional crypto mining into broader blockchain infrastructure.
The company will raise $200M–$300M in phases to build a Solana (SOL) treasury. Initial capital will come from converting existing crypto holdings into SOL.
BIT Mining plans to operate validator nodes on Solana, contributing to decentralization and earning on-chain staking rewards as part of its long-term strategy.
This move marks a transformation from a pure mining company into a full-scale blockchain enterprise focused on scalable networks and asset accumulation.
CEO Xianfeng Yang said Solana’s speed, scalability, and developer activity align with the company’s growth vision. BIT Mining aims to become a core player in the Solana space.