The Bit Mining mining company, which is quoting on the New York Stock Exchange (NYSE), announced a radical change in business strategy. The company refuses to extract bitcoins and intends to invest in the SOLANA cryptocurrency ecosystem.

The company announced that it plans to attract from $ 200 to $ 300 million to form a stock of tokens SOLANA (SOL). The miners explained the decision to refuse to refuse Bitcoin’s extraction “to adapt to the changing market and provide shareholders with long -term profit”.

Bit Mining plans to translate all the available crypto assets into SOLANAand then store the proceeds for the longest possible time. The next few months, the company plans to launch validators on the network SOLANA In order to make a profit from stakeing.

Now Bit Mining is engaged in cryptocurrency mining, the production of equipment for mining coins BTC, LTC and DOGE, and also takes 17th place among public bitcoin-mainers in market capitalization.

Last week, another mining company, Bit Digital, attracted $ 163 million through the placement of shares and promised to buy ether for these days. Instead of Bitcoin mining, the company is going to engage in steaking ETH.

Earlier, Memestrategy, selling on the Hong Kong Stock Exchange (HKSE), purchased 2440 SOLANA coins in an open market transaction worth 2.9 million Hong Kong Country (about $ 369,442).