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BIT Mining Limited: Business Overview, Financials & Competitive Analysis

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 ex...

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BIT Mining Limited OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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4/ 10Mixed

Cyborg Score thesis

Microcap cryptocurrency infrastructure play undergoing major strategic transition with uncertain execution track...

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Industry Cryptocurrency Mining & Blockchain Infrastructure
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: June 15, 2026
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BIT Mining Limited Overview

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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

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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

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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

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The top findings that survived the multi-agent debate for BIT Mining Limited.

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Bitcoin MiningLarge-cap US bitcoin mining leaderBitcoin MiningMajor US bitcoin mining operatorSolana StakingNative SOL staking competitors

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Industry context

BIT Mining Limited operates in Cryptocurrency Mining & Blockchain Infrastructure. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does BIT Mining Limited do?+
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 ex...
What is BIT Mining Limited's Cyborg Score?+
BIT Mining Limited has a Cyborg Score of 4/10 (Mixed). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are BIT Mining Limited's main competitors?+
Named competitors include Bitcoin Mining, Bitcoin Mining, Solana Staking. The full competitive landscape is in the AskCyborg report.
How can I get the full BIT Mining Limited research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the BIT Mining Limited research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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