SOLAI's Bold Bet: Billions in New Shares to Fund AI and Solana Push

AKRON, Ohio – December 30, 2025 – SOLAI Limited has secured shareholder approval for a massive increase in its authorized share capital, creating 30 billion new Class A Ordinary Shares in a decisive move to fund its radical transformation from a cryptocurrency miner into a diversified blockchain and AI infrastructure company.

The resolution, passed at an Extraordinary General Meeting on December 29, gives the company the authority to significantly expand its financial arsenal as it pivots aggressively into the high-growth sectors of artificial intelligence, stablecoins, and the Solana blockchain ecosystem. This move signals a definitive break from its past as BIT Mining Limited and underscores a bold new strategic direction.

A War Chest for a New Identity

The approved capital increase expands SOLAI's authorized Class A Ordinary Shares to nearly 38.4 billion, providing the company with substantial flexibility for future equity raises, strategic acquisitions, and project investments without needing to repeatedly seek shareholder consent. This financial maneuver is the engine intended to power a complete corporate reinvention.

Formerly known as BIT Mining Limited and trading under the ticker "BTCM," the company rebranded to SOLAI Limited in October 2025. The change was more than cosmetic, representing a strategic shift away from the volatile and capital-intensive business of crypto mining. The company's new focus is on building a comprehensive, technology-driven ecosystem that integrates several next-generation technologies.

SOLAI's expanded mission now encompasses four key pillars:
* Artificial Intelligence: Developing infrastructure to support "AI-native agent transactions," aiming to create a seamless bridge between intelligent autonomous systems and decentralized blockchain networks.
* Stablecoins and Payments: The company is creating its own USD-backed stablecoin, known as DOLAI, to facilitate institutional settlement, commerce, and consumer payments.
* Solana Treasury and Staking: A deep commitment to the Solana ecosystem, reflected in its name and ticker symbol (NYSE: SLAI).
* Blockchain Infrastructure: Leveraging its expertise from large-scale mining operations to enhance on-chain efficiency and expand participation across various blockchain networks.

This pivot reflects a vision where AI and blockchain converge, enabling faster and more secure exchanges of value and information. The capital authorization is a critical step in providing the resources necessary to build out these ambitious and capital-intensive platforms.

Doubling Down on the Solana Ecosystem

The company's rebranding is a clear indicator of where its strategic priorities lie. The name "SOLAI" itself merges "Solana" and "AI," explicitly linking its future to the high-performance blockchain. This commitment goes beyond naming conventions.

SOLAI has been actively building a presence within the Solana network. As of late 2025, the company's treasury reportedly held over 44,000 SOL tokens, and it is engaged in staking operations, which involve participating in the network's security and consensus mechanism. This direct investment and participation signal a long-term belief in Solana's potential.

The company's goal is to leverage its infrastructure expertise to enhance on-chain efficiency on Solana. This could manifest as developing new tools, protocols, or services that improve transaction speed, reduce costs, or enhance scalability for developers and users on the network. By building its payment infrastructure, including the DOLAI stablecoin, with a focus on the Solana ecosystem, SOLAI aims to become a key enabler of financial services and commerce on the platform.

The Specter of Dilution and Market Skepticism

While the capital increase provides a strategic advantage, it introduces significant considerations for existing shareholders, primarily the risk of future share dilution. The authorization of 30 billion new shares does not immediately dilute ownership, but it gives the board a powerful tool to issue new equity. These shares could be used to raise cash, acquire other companies, or compensate employees, all of which would increase the total number of shares outstanding and reduce the ownership stake of current investors.

The company has acknowledged this risk in its public filings, noting in past Form 20-F documents that issuing additional shares could depress the market price. The sheer scale of the authorization—dwarfing the company's current market capitalization of approximately $10.28 million as of December 30, 2025—has put this concern in sharp focus.

Market sentiment reflects this cautious outlook. The company's stock has underperformed both the broader US market and the US Software industry over the past year. Analyst ratings in late 2025 were generally neutral, with a "Hold" recommendation and a price target of $0.78 from one firm. Concerns cited included persistently negative cash flow and weak operating profitability, which contrast with the company's reported strong balance sheet. This shareholder approval, therefore, represents a mandate for a high-stakes growth strategy that must now deliver tangible results to justify the potential dilution.

Pioneering the AI-Blockchain Frontier

At the core of SOLAI's new identity is its ambition to pioneer infrastructure for AI-powered transactions on the blockchain. The concept of "AI-native agent transactions" points to a future where autonomous AI programs conduct commerce, manage assets, and interact with decentralized applications (dApps) without direct human intervention.

To enable this, SOLAI plans to leverage the data infrastructure expertise honed during its years as a large-scale crypto miner. Managing vast server farms and data flows has provided the company with a unique skill set applicable to building the robust, scalable, and secure platforms required for AI agents to operate safely on-chain. This strategy aims to create a unified environment that combines intelligence with decentralized connectivity.

The potential applications are broad, ranging from AI agents performing automated trading and liquidity provision in decentralized finance (DeFi) to managing supply chains or executing complex multi-step transactions. By building the foundational layer for these interactions, SOLAI is positioning itself not just as a participant in the blockchain space, but as an architect of its next evolutionary phase, where intelligent automation becomes a native feature of decentralized systems. The success of this venture will depend heavily on the company's ability to execute on this complex technical vision and attract developers and businesses to its new ecosystem.