BIT Mining Limited has announced its rebranding to SOLAI (NYSE: SLAI) as it pivots towards the Solana ecosystem and AI-driven financial infrastructure. The rebranding reflects the company's commitment to high-performance blockchain systems and AI innovation, with the name SOLAI combining the Latin word for 'sun' (SOL) and Solana's vision. The board has approved the name and stock code change, pending a special shareholders' meeting on October 9. In line with its strategic shift, BIT Mining has deployed a Solana validator node and launched a $300 million ecosystem strategy. The company aims to be a long-term contributor to blockchain networks, promoting decentralization and ecosystem resilience. Additionally, BIT Mining plans to convert its cryptocurrency holdings to Solana and raise $200 to $300 million to support its Solana-focused initiatives.