BIT Mining Limited Overview
Pro stress-test →BIT Mining Limited (formerly 500.com Limited) is a cryptocurrency mining company founded in 2001 and based in Akron, Ohio. The company is a technology-driven cryptocurrency asset and infrastructure company that has expanded from cryptocurrency mining into broader blockchain activities, including Solana (SOL) treasury operations, staking, and ecosystem development.
Strategic Profile
Pro stress-test →The company operates a cryptocurrency mining data center in Ohio with power capacity of 82.5 megawatts and purchases and deploys bitcoin mining machines. BIT Mining is strategically transitioning its core business toward SOL treasury operations and building an integrated ecosystem centered on SOL staking and ecosystem development. The company rebranded from BIT Mining to SOLAI Limited with ticker SLAI on the NYSE in October 2025.
Competitive Landscape
Pro stress-test →The company underperformed compared to other U.S. mining operations when it attempted to scale after China's mining ban. BIT Mining/SOLAI operates in the highly competitive cryptocurrency mining and blockchain infrastructure space, competing with established players like Marathon, Riot, and newer SOL ecosystem participants.
Industry Context
BIT Mining Limited operates in Cryptocurrency Mining & Blockchain Infrastructure.
Key facts
Founded: 2001 · Headquarters: Akron, Ohio, US · Market cap: $49.24M