Bit mining advances solana strategy with 27,191 sol purchase and validator launch

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.
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