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Company begins staking self-acquired SOL through newly launched validator, reinforcing long-term commitment to the Solana ecosystem
AKRON, Ohio, Aug. 5, 2025 /PRNewswire/ -- 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 infrastructure 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.
Posted In: BTCM
