BIT MINING SHIFTS STRATEGY TO SOLANA, PLANS $300M TREASURY RAISE

Summary from the TLDR Crypto newsletter

NYSE-listed BIT Mining is pivoting from BTC to Solana, aiming to raise $200-$300M to build a long-term SOL treasury and become a publicly traded vehicle for Solana exposure. The firm will convert all existing crypto holdings into SOL, run validator nodes, and pursue deeper ecosystem involvement. This follows a broader trend of miners like Bit Digital and BitMine rotating into Ethereum.