Bit Mining buys 27,191 SOL ($4.89M), launches Solana validator for security and rewards.

Bit Mining buys 27,191 SOL ($4.89M), launches Solana validator for security and rewards.

Bit Mining Limited (BTCM), a leading technology-driven cryptocurrency infrastructure company, has taken a significant step towards strengthening its presence in the Solana ecosystem. On July 10, 2025, the company announced a strategic shift into the Solana ecosystem, backed by plans to raise up to $300 million for SOL acquisitions and infrastructure development. This strategic move has now materialized with the launch of its first Solana validator and the purchase of 27,191 SOL tokens for approximately $4.89 million.

The validator, operated by BIT Mining's internal infrastructure team, will stake the company’s SOL holdings to generate on-chain rewards. This deployment is a foundational step in operationalizing the company's Solana strategy. Bo Yu, Chairman and Chief Operating Officer of BIT Mining, emphasized that the validator launch is not just about holding SOL but also about helping power the network.

By operating its own validator, BIT Mining contributes to Solana's network decentralization and security while generating rewards through validator operations. This marks the beginning of efforts to build a broader presence across the Solana validator network as the company scales its SOL treasury.

BIT Mining is transitioning its core business towards Solana treasury operations, leveraging its deep expertise in blockchain infrastructure. The company plans to repurpose its legacy capabilities, including 7nm ASIC design and data center operations, to support this strategic shift towards the Solana ecosystem. This move signifies a departure from traditional cryptocurrency mining operations towards staking and ecosystem development within the Solana network.

The validator launch and SOL acquisition underscore BIT Mining's commitment to the Solana ecosystem. The company's strategic move is expected to capture both the financial and strategic upside of Solana's rapidly expanding on-chain economy.

References:
1. [https://www.morningstar.com/news/pr-newswire/20250805cn44441/bit-mining-advances-solana-strategy-with-27191-sol-purchase-and-validator-launch](https://www.morningstar.com/news/pr-newswire/20250805cn44441/bit-mining-advances-solana-strategy-with-27191-sol-purchase-and-validator-launch)
2. [https://www.investing.com/news/cryptocurrency-news/bit-mining-launches-solana-validator-purchases-27191-sol-tokens-432SI-4169699](https://www.investing.com/news/cryptocurrency-news/bit-mining-launches-solana-validator-purchases-27191-sol-tokens-432SI-4169699)