{"id":25241,"date":"2025-07-10T16:35:20","date_gmt":"2025-07-10T13:35:20","guid":{"rendered":"https:\/\/forklog.com\/en\/bit-mining-shifts-focus-to-solana-ecosystem\/"},"modified":"2025-07-10T16:35:20","modified_gmt":"2025-07-10T13:35:20","slug":"bit-mining-shifts-focus-to-solana-ecosystem","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bit-mining-shifts-focus-to-solana-ecosystem\/","title":{"rendered":"BIT Mining Shifts Focus to Solana Ecosystem"},"content":{"rendered":"<p>The mining company BIT Mining <a href=\"https:\/\/www.prnewswire.com\/news-releases\/bit-mining-limited-expands-into-the-solana-ecosystem-302502235.html\">announced<\/a> a strategic shift to the Solana ecosystem. The firm plans to raise between $200 million and $300 million and convert all its crypto assets into SOL.<\/p>\n<p>The company intends to adhere to a long-term holding strategy. BIT Mining will also launch validator nodes on the Solana network to earn staking rewards. <\/p>\n<p>BIT Mining noted its aim to leverage Solana&#8217;s high-performance infrastructure and active developer community.<\/p>\n<p>Following the news, the miner&#8217;s shares under the ticker BTCM surged more than 215% in premarket trading.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-07-10-151322.webp\" alt=\"Snimok-ekrana-2025-07-10-151322\" class=\"wp-image-261735\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.google.com\/finance\/quote\/BTCM:NYSE\">Google Finance<\/a>.<\/figcaption><\/figure>\n<p>BIT Mining has joined a growing number of public companies holding cryptocurrency on their balance sheets, following the Strategy approach. However, other miners like Bit Digital <a href=\"https:\/\/forklog.com\/en\/news\/bit-digital-shifts-focus-from-bitcoin-mining-to-ethereum\">have chosen<\/a> Ethereum for their reserves instead of Solana.<\/p>\n<p>Back in June, VanEck&#8217;s head of digital assets, Matthew Sigel, <a href=\"https:\/\/forklog.com\/en\/news\/expert-labels-xrp-and-sol-crypto-treasuries-as-scams\">called<\/a> crypto treasuries in XRP and SOL a scam.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mining company BIT Mining announced a strategic shift to the Solana ecosystem. The firm plans to raise between $200 million and $300 million and convert all its crypto assets into SOL. The company intends to adhere to a long-term holding strategy. BIT Mining will also launch validator nodes on the Solana network to earn [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1795],"class_list":["post-25241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-solana-reserve"],"aioseo_notices":[],"amp_enabled":true,"views":"62","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=25241"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/25241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/25240"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=25241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=25241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=25241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}