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BIT Mining ( (BTCM) ) has provided an announcement.
On October 10, 2025, BIT Mining Limited announced a strategic rebranding, changing its name to SOLAI Limited and its ticker symbol to SLAI, following shareholder approval at an extraordinary general meeting on October 9, 2025. This transition signifies a shift from a focus on cryptocurrency mining to becoming a technology enterprise at the intersection of artificial intelligence and blockchain. The company aims to create platforms that enable faster, safer, and more efficient exchanges of information and value, leveraging AI and blockchain expertise to foster dynamic interactions among businesses and users. The company’s American Depositary Shares will begin trading under the new name and ticker symbol on October 20, 2025.
Spark’s Take on BTCM Stock
According to Spark, TipRanks’ AI Analyst, BTCM is a Neutral.
BIT Mining’s overall stock score reflects substantial financial and operational challenges. The company is struggling with declining revenues and persistent losses, impacting its financial performance. Technical analysis indicates a lack of positive momentum, compounded by a negative valuation profile due to ongoing losses and no dividend yield. These factors outweigh any positive aspects, such as a stable capital structure.
To see Spark’s full report on BTCM stock, click here.
More about BIT Mining
BIT Mining Limited, soon to be renamed SOLAI Limited, is a technology-driven cryptocurrency infrastructure company. It is expanding from its roots in crypto mining to develop a blockchain-based ecosystem that includes AI, stablecoins, payment infrastructure, and Solana treasury and staking operations. The company aims to enhance on-chain efficiency and broaden participation across Solana and other blockchain ecosystems, supporting various use cases such as institutional settlement, commerce, consumer payments, and AI-native agent transactions.
Average Trading Volume: 1,190,471
Technical Sentiment Signal: Hold
Current Market Cap: $48.69M
See more data about BTCM stock on TipRanks’ Stock Analysis page.