BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Firm”), a number one technology-driven cryptocurrency infrastructure firm, in the present day introduced the launch of its first Solana (“SOL”) validator, alongside the preliminary buy of 27,191 SOL (at an combination buy value of roughly US$4.89 million) to ascertain the Firm’s rising SOL treasury. This milestone follows the Firm’s July 10 announcement outlining a strategic shift into the Solana ecosystem, backed by plans to lift as much as $300 million for SOL acquisitions and xainfrastructure growth.
The validator is operated by BIT Mining’s inside infrastructure group and supported by the Firm’s proprietary applied sciences. By starting to stake its personal SOL by a self-operated validator, the Firm actively contributes to Solana’s community decentralization and safety, producing on-chain rewards by validator operations. This deployment marks the start of a broader effort to construct a presence throughout the Solana validator set as BIT Mining scales its treasury and infrastructure footprint in parallel.
“This validator launch is a foundational step in operationalizing our Solana technique. We’re not simply holding SOL, we’re serving to energy the community,” stated Bo Yu, the Chairman and Chief Working Officer of the Firm. “It demonstrates our perception in Solana’s potential and our dedication to constructing significant infrastructure that helps its development, safety, and decentralization.”
As BIT Mining deepens its dedication to Solana, the Firm is actively exploring further alternatives throughout the ecosystem. By combining a rising SOL treasury with hands-on validator operations, BIT Mining is well-positioned to seize each the monetary and strategic upside of Solana’s quickly increasing on-chain economic system.
