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SOLAI Limited

SOLAI Limited (SLAI)

0.498
-0.072
(-12.63%)
Closed June 06 3:00PM
0.523
0.025
(5.02%)
After Hours: 6:56PM

SOLAI Limited (SLAI) Options

Calls

StrikeBid PriceAsk PriceLast PriceMidpointChangeChange %VolumeOPEN INTLast Trade
1.000.000.050.040.05-0.01-20.00 %13156/05/2026
2.000.000.250.030.030.000.00 %0163-
3.000.000.700.140.140.000.00 %013-
4.000.000.800.150.150.000.00 %01-
5.000.000.050.050.050.000.00 %02-
6.000.000.500.050.050.000.00 %07-

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StrikeBid PriceAsk PriceLast PriceMidpointChangeChange %VolumeOPEN INTLast Trade
1.000.100.600.500.350.000.00 %05-
2.000.902.050.001.4750.000.00 %00-
3.001.803.400.002.600.000.00 %00-
4.002.604.200.003.400.000.00 %00-
5.003.605.500.004.550.000.00 %00-
6.004.606.200.005.400.000.00 %00-

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SLAI Discussion

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US Market News US Market News 4 days ago
SOLAI Completes Acquisition of 51% Stake in NEURALANDJune 2, 2026 6:30 AM
PR Newswire (US) AKRON, Ohio, June 2, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider, today announced that it has completed its previously announced acquisition of a 51% equity stake in NEURALAND PTE. LTD. ("NEURALAND"), a Singapore-incorporated company specializing in the design and manufacture of personal AI nodes. To complete the acquisition, the Company has issued an aggregate of 1,162,025,300 newly issued Class A ordinary shares, par value US$0.00005 per share, of the Company (the "Company Exchange Shares"), valued at US$0.0079 per share, corresponding to US$0.79 per American Depositary Share ("ADS") (based on the current ADS ratio of one hundred (100) Class A ordinary shares per ADS), representing a total consideration of approximately US$9.18 million to AIPICO Global Limited (the "Selling Shareholder"); and the Selling Shareholder has transferred 51% of NEURALAND's issued and outstanding shares to the Company.Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy any securities, including the Company Exchange Shares, nor shall there be any offer or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.The Company Exchange Shares have not been and will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and were issued only to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.About SOLAI LimitedSOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM") is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.About NEURALAND PTE. LTD.NEURALAND PTE. LTD. is a Singapore-incorporated company specializing in the design and manufacture of personal AI nodes, encompassing both proprietary hardware and software solutions. Founded by a group with deep roots in blockchain hardware and semiconductor innovation, NEURALAND is built on a track record of solving complex, large-scale technical challenges and brings proven large-scale deployment expertise to the emerging personal AI computing market.Forward-Looking StatementsThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause SOLAI's actual results to differ materially from those indicated in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.For further information:SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com  View original content:https://www.prnewswire.com/news-releases/solai-completes-acquisition-of-51-stake-in-neuraland-302788308.htmlSOURCE SOLAI Limited Original: SOLAI Completes Acquisition of 51% Stake in NEURALAND
👍️0
US Market News US Market News 2 weeks ago
SOLAI Limited Announces Unaudited Financial Results for the Three Months Ended March 31, 2026May 26, 2026 5:00 PM
PR Newswire (US) AKRON, Ohio, May 26, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI)  (previously traded under "BTCM") ("SOLAI," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency infrastructure company, today reported its unaudited financial results for the three months ended March 31, 2026."The first quarter of 2026 marked a defining moment for SOLAI. With the announcement of our personal AI infrastructure strategy in March, we executed with conviction and delivered on it with the launch of Solode Neo in April, a personal AI node that puts self-hosted, always-on AI agents in the hands of everyday users for the first time," highlighted by Mr. Xianfeng Yang, Chief Executive Officer of SOLAI. "We believe the next major wave of AI adoption will be defined not by applications, but by the infrastructure that brings intelligence directly to individuals — privately, reliably, and on their own terms. That belief shapes our multi-layer blueprint, and it is also why we believe SOLAI is uniquely positioned to build it.SOLAI is uniquely equipped with both the infrastructure and deployment experience to do so. Years of running large-scale computing power at our data centers in the United States and Ethiopia have given us the hardware deployment expertise, power infrastructure management, and operational discipline that personal AI infrastructure demands. These became the foundation we are building on.The progress we made during the quarter, across both software and hardware development, reflects that continuity of execution. The launch of Solode Neo shortly after quarter-end was an important milestone, and it is the beginning of a much larger buildout. I look forward to sharing further progress in the quarters ahead."The Three Months Ended March 31, 2026 HighlightsRevenues were US$7.9 million for the three months ended March 31, 2026, representing an increase of US$1.3 million from US$6.6 million for the three months ended March 31, 2025 and an increase of US$0.3 million from US$7.6 million for the three months ended December 31, 2025.Operating costs and expenses were US$13.4 million for the three months ended March 31, 2026, representing an increase of US$0.3 million from US$13.1 million for the three months ended March 31, 2025 and a decrease of US$3.1 million from US$16.5 million for the three months ended December 31, 2025.   Operating loss was US$6.8 million for the three months ended March 31, 2026, compared with operating loss of US$8.1 million for the three months ended March 31, 2025 and operating loss of US$18.1 million for the three months ended December 31, 2025.Non-GAAP adjusted operating loss[1] was US$6.5 million for the three months ended March 31, 2026, compared with non-GAAP adjusted operating loss of US$7.6 million for the three months ended March 31, 2025 and non-GAAP adjusted operating loss of US$10.1 million for the three months ended December 31, 2025.Net loss attributable to SOLAI was US$6.7 million for the three months ended March 31, 2026, compared with net loss attributable to SOLAI of US$7.9 million for the three months ended March 31, 2025 and net loss attributable to SOLAI of US$17.5 million for the three months ended December 31, 2025.Non-GAAP adjusted net loss1 attributable to SOLAI was US$6.3?million for the three months ended March 31, 2026, compared with non-GAAP adjusted net loss attributable to SOLAI of US$7.4 million for the three months ended March 31, 2025 and non-GAAP adjusted net loss attributable to SOLAI of US$9.6 million for the three months ended December 31, 2025.Basic and diluted losses per American Depositary Share ("ADS")2 attributable to SOLAI for the three months ended March 31, 2026 were US$0.36.Non-GAAP adjusted basic and diluted losses per ADS[1,2] attributable to SOLAI for the three months ended March 31, 2026 were US$0.34.[1] Non-GAAP financial measures exclude the impact of share-based compensation expenses, impairment of property and equipment, impairment of intangible assets, gain on remeasurement of unfavorable contract and changes in fair value of derivative instruments. Reconciliations of non-GAAP financial measures to U.S. GAAP financial measures are set fourth in the table at the end of this release.[2] American Depositary Shares, which are traded on the NYSE. Each ADS represents one hundred (100) Class A ordinary shares of the Company.The Three Months Ended March 31, 2026 Financial ResultsRevenuesRevenues were comprised of US$0.2 million from the self-mining business and US$7.7 million from the data center business.Self-miningAs of today, our DOGE/LTC mining machines are shut down amid depressed DOGE and LTC cryptocurrency market prices. Accordingly, we generated no mining revenue from our DOGE and LTC mining operations for the three months ended March 31, 2026.Building on our established infrastructure footprint and disciplined cost management strengths, the Company will steadily optimize its business portfolio and solidify its operational fundamentals. By capitalizing on long-term industry trends, we will drive continuous improvements in operational performance and sustainability. As of today, the total hash rate capacity of our BTC mining machines in operation is approximately 271.1 PH/s. For the three months ended March 31, 2026, we produced 2.4 BTC from our BTC cryptocurrency mining operations and recognized revenue of approximately US$0.2 million.During the three months ended March 31, 2026, our self-mining business recognized approximately $0.2 million in revenue, representing a decrease of US$2.8 million compared with the three months ended March 31, 2025 and representing a slight decrease of US$0.4 million compared with the three months ended December 31, 2025.Data Center OperationDuring the three months ended March 31, 2026, our 82.5 megawatt space (the "82.5 Megawatt Space") at the Ohio Mining Site recognized approximately $4.4 million in service fee revenue, representing an increase of US$0.8 million compared with the three months ended March 31, 2025 and representing a decrease of US$2.6 million compared with the three months ended December 31, 2025. During the three months ended March 31, 2026, our 55 megawatt space (the "55 Megawatt Space") at the Ethiopia data center commenced operations and generated revenue of US$3.3 million.OverallRevenues were US$7.9 million for the three months ended March 31, 2026, representing an increase of US$1.3 million, or 19.7%, from US$6.6 million for the three months ended March 31, 2025 and an increase of US$0.3 million, or 3.9%, from US$7.6 million for the three months ended December 31, 2025. The year-over-year increase was mainly attributable to (i) an increase of US$3.3 million in Ethiopia data center due to the completion of business deployment in Ethiopia; (ii) an increase of US$0.8 million in Ohio data center, which was offset by (iii) the decrease of US$2.8 million self-mining business revenue as a result of falling cryptocurrency prices and reduced mining operating hours. The sequential slight increase was mainly due to (i) an increase of US$3.3 million in Ethiopia data center due to the completion of business deployment in Ethiopia, which was offset by (ii) the decrease of US$2.6 million data center revenue in Ohio data center attributable to reduced mining  activities due to the falling cryptocurrency prices; and (iii) the decrease of US$0.4 million self-mining business revenue as a result of falling cryptocurrency prices and reduced mining operating hours.Operating Costs and ExpensesOperating costs and expenses were US$13.4 million for the three months ended March 31, 2026, representing an increase of US$0.3 million, or 2.3%, from US$13.1 million for the three months ended March 31, 2025, and a decrease of US$3.1 million, or 18.8%, from US$16.5 million for the three months ended December 31, 2025.Cost of revenue was US$10.6 million for the three months ended March 31, 2026, representing an increase of US$1.5 million, or 16.5%, from US$9.1 million for the three months ended March 31, 2025, and a slight increase of US$0.1 million, or 1.0%, from US$10.5 million for the three months ended December 31, 2025. The year-over-year increase was mainly attributable to (i) the increase of US$3.0 million in Ethiopia electricity cost which was in line with the increase in Ethiopia data center revenue, partially offset by (ii) a decrease of US$0.3 million as the amortization of the intangible asset arising from the acquisition of Bee computing ended in July 2025; (iii) a decrease of US$0.6 million in mining machine depreciation due to the impairment in December 2025 and (iv) a decrease of US$0.8 million in electricity cost at the Ohio Mining Site. The sequential slight increase was mainly due to (i) an increase of US$3.0 million in Ethiopia electricity cost which was in line with the increase in Ethiopia data center revenue, and offset by (ii) a decrease of US$2.6 million in electricity cost at the Ohio Mining Site as a result of falling cryptocurrency prices and a substantial drop in customers' mining uptime; and (iii) a decrease of US$0.5 million in the depreciation of mining machines due to impairment of mining machines which occurred in December 2025. Cost of revenue was comprised of the direct cost of revenue of US$8.6 million relating to the data center business, US$0.2 million relating to the self-mining business and depreciation and amortization expenses of US$1.8 million.General and administrative expenses were US$2.8 million for the three months ended March 31, 2026, representing a decrease of US$1.1 million, or 28.2%, from US$3.9 million for the three months ended March 31, 2025, and a decrease of US$3.1 million, or 52.5%, from US$5.9 million for the three months ended December 31, 2025. The year-over-year decrease was mainly attributable to (i) a decrease of US$0.2 million in amortization of an intangible asset acquired from the acquisition of the Ethiopia data center which was impaired in December 2025; (ii) a decrease of US$0.3 million in depreciation of mining machines due to the reallocation of equity interest of the Ethiopia data center in December 2025, and (iii) the decrease of US$0.4 million in professional fees, travel and other related expenses due to the cost-cutting and efficiency-enhancement efforts. The sequential decrease was mainly due to (i) a decrease of US$1.2 million in depreciation of mining machine due to the reallocation of equity interest of the Ethiopia data center in December 2025, and (ii) the decrease of US$1.6 million in professional fees, travel and other related expenses due to reduced fees related to the annual report and cost-cutting measures.Other Operating IncomeOther operating income was US$0.5 million for the three months ended March 31, 2026, representing a decrease of US$1.1 million from US$1.6 for the three months ended March 31, 2025, and a decrease of US$4.5 million from US$5.0 for the three months ended December 31, 2025. The year-over-year decrease was mainly due to a decrease of US$1.1 million in rental income from unfavorable contact liabilities recognized from the acquisition of the Ethiopia data center which was remeasured due to the change of hosting service contract in 2025 for certain mining machines hosted at that data center. The sequential decrease was mainly due to (i) a decrease of US$1.1 million in rental income from unfavorable contact liabilities recognized from the acquisition of the Ethiopia data center which was remeasured due to the change of hosting service contract in 2025 for certain mining machines hosted at that data center, and (ii) a decrease of US$3.3 million in off-peak subsidies recognized in the fourth quarter of 2025, while no such subsidies were recorded in the first quarter of 2026.Other Operating ExpensesOther operating expenses were nil for the three months ended March 31, 2026, representing no change compared with the three months ended March 31, 2025 and a decrease of US$1.8 million, from US$1.8 million for the three months ended December 31, 2025. The sequential decrease was mainly due to a decrease of US$1.6 million in credit loss provision related to other receivables recognized in the fourth quarter of 2025, while no such provisions were recorded in the first quarter of 2026.Changes in Fair Value of Cryptocurrency AssetsChanges in fair value of cryptocurrency assets were negative US$1.9 million for the three months ended March 31, 2026, representing a decrease of US$1.4 million, from negative US$3.3 million for the three months ended March 31, 2025 and a decrease of US$2.6 million, from negative US$4.5 million for the three months ended December 31, 2025. The year-over-year difference was attributable to the reduction in overall holdings of cryptocurrency during the period during the three months ended March 31, 2026, as compared with the overall holding of cryptocurrency during the three months ended March 31, 2025. The sequential difference was attributable to the reduction in overall holdings of cryptocurrency during the three months ended March 31, 2026, as compared with the overall holdings of cryptocurrency during the three months ended December 31, 2025. The year-over-year difference was attributable to the decrease of cryptocurrency prices during the three months ended March 31, 2026, as compared with cryptocurrency prices during the three months ended March 31, 2025. The sequential difference was attributable to the decrease of cryptocurrency prices during the three months ended March 31, 2026, as compared with cryptocurrency prices during the three months ended December 31, 2025.Impairment of property and equipmentImpairment of property and equipment was US$8.8 million for the three months ended December 31, 2025, mainly due to the provisions for impairment of cryptocurrency mining machines in the U.S. and Ethiopia. There was no such provision in the first quarter of 2026 and 2025.Impairment of intangible assetsImpairment of intangible assets was US$1.4 million for the three months ended December 31, 2025, mainly due to the provisions for impairment of a strategic contract recognized from the acquisition of the Ethiopia data center. There was no such provision in the first quarter of 2026 and 2025.Gain on remeasurement of unfavorable contractGain on remeasurement of unfavorable contract was US$2.2 million for the three months ended December 31, 2025, mainly due to the change of hosting service contract for certain mining machines hosted at the Ethiopia data center in 2025. There was no such gain in the first quarter of 2026 and 2025.Operating LossOperating loss was US$6.8 million for the three months ended March 31, 2026, compared with operating loss from of US$8.1 million for the three months ended March 31, 2025, and operating loss of US$18.1 million for the three months ended December 31, 2025. The year-over-year decrease in operating loss was mainly due to the positive effect of US$1.4 million in changes in fair value of cryptocurrency assets. The sequential decrease in operating loss was attributable to (i) the positive effect of US$2.6 million in changes in fair value of cryptocurrency assets; (ii) a decrease of US$8.8 million in impairment of property and equipment; and (iii) a decrease of US$1.4 million in impairment of intangible assets, which was partially offset by (iv) a decrease of US$2.2 million in gain on remeasurement of unfavorable contract.Non-GAAP adjusted operating loss was US$6.5 million for the three months ended March 31, 2026, compared with non-GAAP adjusted operating loss of US$7.6 million for the three months ended March 31, 2025, and non-GAAP adjusted operating loss of US$10.1 million for the three months ended December 31, 2025. The year-over-year decrease in non-GAAP adjusted operating loss was mainly due to the positive effect of US$1.4 million in changes in fair value of cryptocurrency assets. The sequential improvement was attributable to the positive effect of US$2.6 million in changes in fair value of cryptocurrency assets.Net Loss Attributable to SOLAINet loss attributable to SOLAI was US$6.7 million for the three months ended March 31, 2026, compared with net loss attributable to SOLAI of US$7.9 million for the three months ended March 31, 2025, and net loss attributable to SOLAI of US$17.5 million for the three months ended December 31, 2025. The year-over-year and sequential decreases in net loss attributable to SOLAI were mainly due to the same reasons mentioned in the trend analysis of operating loss above.  Non-GAAP adjusted net loss attributable to SOLAI was US$6.3 million for the three months ended March 31, 2026, compared with non-GAAP adjusted net loss attributable to SOLAI of US$7.4 million for the three months ended March 31, 2025, and non-GAAP adjusted net loss attributable to SOLAI of US$9.6 million for the three months ended December 31, 2025. The year-over-year and sequential decreases in non-GAAP adjusted net loss attributable to SOLAI were mainly due to the same reasons mentioned in the trend analysis of operating loss above.  Cash and Cash EquivalentsAs of March 31, 2026, the Company had cash and cash equivalents of US$2.0 million, compared with cash and cash equivalents of US$1.4 million as of December 31, 2025.Cryptocurrency AssetsAs of March 31, 2026, the Company had cryptocurrency assets of US$3.8 million in aggregate, which were comprised of 3.2 BTC, 169 ETH, 0.03 million SOL, 0.3 million USDT and various other cryptocurrency assets, which were mainly generated from its cryptocurrency mining business.About SOLAI LimitedSOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM"), is a technology-driven cryptocurrency infrastructure company expanding from its foundation in crypto mining to build a blockchain-based ecosystem spanning AI, stablecoins and payment infrastructure, and Solana treasury and staking operations — supporting use cases across institutional settlement, commerce, consumer payments, and AI-native agent transactions. By leveraging its blockchain and data infrastructure expertise, SOLAI aims to enhance on-chain efficiency and expand participation across Solana and other blockchain ecosystems.Safe Harbor StatementsThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.About Non-GAAP Financial MeasuresAs a supplement to operating loss and net loss, we use the non-GAAP financial measures of non-GAAP adjusted operating loss and non-GAAP adjusted net loss, which are U.S. GAAP operating loss and net loss as adjusted to exclude the impact of share-based compensation expenses, impairment of property and equipment, impairment of intangible assets, gain on remeasurement of unfavorable contract and changes in fair value of derivative instruments. All adjustments are non-cash and we believe they are not reflective of our general business performance. The non-GAAP financial measures are provided as additional information to help our investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of our current financial performance and prospects for the future. The non-GAAP financial measures should not be considered in addition to or as a substitute for or superior to U.S. GAAP operating loss or net loss. In addition, our definition of non-GAAP adjusted operating loss and non-GAAP adjusted net loss may be different from the definition of such terms used by other companies, and therefore comparability may be limited.For more information:SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.comChristensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com SOLAI LimitedCondensed Consolidated Balance Sheets(Amounts in thousands of U.S. dollars ("US$"), except for number of shares)(Unaudited)


December 31,
2025

March 31,
 2026
ASSETS







Current assets:







Cash and cash equivalents

1,420


1,976
Accounts receivable

2,760


2,065
Prepayments and other current assets

6,519


5,060
Cryptocurrency assets

6,978


3,813
Total current assets

17,677


12,914









Non-current assets:







Property and equipment, net

12,169


10,375
Intangible assets, net

5,862


5,241
Deposits

2,454


2,453
Long-term investments

3,404


3,407
Right-of-use assets

1,992


1,659
Long-term prepayments and other non-current assets

2,049


2,071
Total non-current assets

27,930


25,206









TOTAL ASSETS

45,607


38,120









LIABILITIES AND SHAREHOLDERS' EQUITY







Current liabilities:







Accounts payable

566


824
Accrued payroll and welfare payable

317


272
Accrued expenses and other current liabilities

7,978


6,295
Operating lease liabilities – current

1,078


803
Income tax payable

80


79
Total current liabilities

10,019


8,273









Non-current liabilities:







Operating lease liabilities - non-current

860


810
Total non-current liabilities

860


810









TOTAL LIABILITIES

10,879


9,083









Shareholders' equity:







Class A ordinary shares, par value US$0.00005 per share; 38,399,870,000 shares
authorized as of December 31, 2025 and March 31, 2026; 1,867,853,490 and
1,924,330,790 shares issued and outstanding as of December 31, 2025 and March
31, 2026, respectively

90


93
Class A preference shares, par value US$0.00005 per share; 65,000 shares
authorized as of December 31, 2025 and March 31, 2026; 65,000 shares issued and
outstanding as of December 31, 2025 and March 31, 2026

-


-
Class A II preference shares, par value US$0.00005 per share; 65,000 shares
authorized as of December 31, 2025 and March 31, 2026; 65,000 shares issued and
outstanding as of December 31, 2025 and March 31, 2026

-


-
Class B ordinary shares, par value US$0.00005 per share; 400,000,000 shares
authorized as of December 31, 2025 and March 31, 2026; 99 shares issued and
outstanding as of December 31, 2025 and March 31, 2026

-


-
Additional paid-in capital

651,782


652,714
Treasury shares

(21,604)


(21,604)
Accumulated deficit and statutory reserve

(591,790)


(598,517)
Accumulated other comprehensive loss

(4,246)


(4,132)
Total SOLAI Limited shareholders' equity

34,232


28,554
Non-controlling interests

496


483
Total shareholders' equity

34,728


29,037









TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

45,607


38,120
  SOLAI LimitedCondensed Consolidated Statements of Comprehensive Loss(Amounts in thousands of U.S. dollars ("US$"),except for number of shares, per share (or ADS) data)(Unaudited)


Three Months Ended


March 31,
2025

December 31,
2025

March 31,
2026
Revenues

6,593


7,584


7,921













Operating costs and expenses:











Cost of revenue

(9,118)


(10,547)


(10,572)
Sales and marketing expenses

(16)


-


(27)
General and administrative expenses

(3,945)


(5,910)


(2,776)
Total operating costs and expenses

(13,079)


(16,457)


(13,375)
Other operating income

1,606


5,001


541
Other operating expenses

-


(1,784)


(5)
Changes in fair value of cryptocurrency assets

(3,266)


(4,473)


(1,919)
Impairment of property and equipment

-


(8,764)


-
Impairment of intangible assets

-


(1,405)


-
Gain on remeasurement of unfavorable contract

-


2,225


-
Changes in fair value of payables settled by cryptocurrency
assets

6


-


-
Operating loss

(8,140)


(18,073)


(6,837)
Other income, net

57


49


169
Interest income

35


37


-
Loss from equity method investments

-


(3)


-
Changes in fair value of derivative instruments

24


68


(72)
Loss before income tax

(8,024)


(17,922)


(6,740)
Income tax benefits

-


-


-
Net loss

(8,024)


(17,922)


(6,740)
Less: Net loss attributable to the non-controlling interests

(173)


(426)


(13)
Net loss attributable to SOLAI Limited

(7,851)


(17,496)


(6,727)
Other comprehensive (loss) income:











Foreign currency translation (loss) income

(1)


100


114
Other comprehensive (loss) income, net of tax

(1)


100


114
Comprehensive loss

(8,025)


(17,822)


(6,626)
Less: Comprehensive loss attributable to non-controlling interests

(173)


(426)


(13)
Comprehensive loss attributable to SOLAI Limited

(7,852)


(17,396)


(6,613)













Weighted average number of Class A and Class B ordinary
shares outstanding:











Basic

1,595,399,989


1,867,853,589


1,879,047,551
Diluted

1,595,399,989


1,867,853,589


1,879,047,551













Losses per share attributable to SOLAI Limited-Basic and
Diluted











Net loss

(0.00)


(0.01)


(0.00)













Losses per ADS* attributable to SOLAI Limited-Basic and
Diluted











Net loss

(0.49)


(0.94)


(0.36)

* American Depositary Shares, which are traded on the NYSE. Each ADS represents 100 Class A ordinary shares of
the Company.  SOLAI LimitedReconciliation of non-GAAP results of operations measures to the nearest comparable GAAP measures(Amounts in thousands of U.S. dollars ("US$"),except for number of shares, per share (or ADS) data)(Unaudited)


Three Months Ended


March 31,
2025

December 31,
2025

March 31,
2026
Operating loss

(8,140)


(18,073)


(6,837)
Adjustment for share-based compensation expenses

507


-


339
Adjustment for impairment of property and equipment

-


8,764


-
Adjustment for impairment of intangible assets

-


1,405


-
Adjustment for gain on remeasurement of unfavorable contract

-


(2,225)


-
Non-GAAP adjusted operating loss

(7,633)


(10,129)


(6,498)
Net loss attributable to SOLAI Limited

(7,851)


(17,496)


(6,727)
Adjustment for share-based compensation expenses

507


-


339
Adjustment for impairment of property and equipment

-


8,764


-
Adjustment for impairment of intangible assets

-


1,405


-
Adjustment for gain on remeasurement of unfavorable contract

-


(2,225)


-
Adjustment for changes in fair value of derivative instruments

(24)


(68)


72
Non-GAAP adjusted net loss attributable to SOLAI Limited

(7,368)


(9,620)


(6,316)













Weighted average number of Class A and Class B ordinary
shares outstanding:

1,595,399,989


1,867,853,589


1,879,047,551
Basic

1,595,399,989


1,867,853,589


1,879,047,551
Diluted











Losses per share attributable to SOLAI Limited-Basic and
Diluted (non-GAAP)











Non-GAAP adjusted net loss

(0.00)


(0.01)


(0.00)
Losses per ADS* attributable to SOLAI Limited-Basic and
Diluted (non-GAAP)











Non-GAAP adjusted net loss

(0.46)


(0.52)


(0.34)

* American Depositary Shares, which are traded on the NYSE. Each ADS represents 100 Class A ordinary shares of
the Company.  View original content:https://www.prnewswire.com/news-releases/solai-limited-announces-unaudited-financial-results-for-the-three-months-ended-march-31-2026-302781694.htmlSOURCE SOLAI Limited Original: SOLAI Limited Announces Unaudited Financial Results for the Three Months Ended March 31, 2026
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US Market News US Market News 2 weeks ago
SOLAI Limited Receives Additional Notice Regarding NYSE Continued Listing StandardsMay 26, 2026 4:30 PM
PR Newswire (US) AKRON, Ohio, May 26, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider, today announced that it received a letter from the New York Stock Exchange (the "NYSE"), dated April 27, 2026, notifying the Company that it was not in compliance with applicable market capitalization and equity criteria (the "Market Cap and Equity Criteria") in the NYSE's continued listing standards because, as of April 24, 2026, the Company's (i) average total market capitalization was less than US$50 million over a consecutive 30 trading-day period, and (ii) last reported stockholders' equity as of December 31, 2025 was less than US$50 million.In accordance with procedures in the NYSE's Listed Company Manual, the Company has 90 calendar days following its receipt of the notice to submit a business plan to the NYSE that demonstrates how the Company intends to regain compliance with the Market Cap and Equity Criteria within 18 months of receipt of the notice. The Company has already acknowledged receipt of the notice and intends to develop and submit such a business plan to the NYSE. The business plan will then be reviewed for final disposition by the NYSE. Any outstanding listing or annual fees must be paid in full before the business plan is submitted to and reviewed by the NYSE.If the NYSE accepts the plan, the Company will be subject to quarterly monitoring for compliance with the business plan. If the NYSE does not accept the business plan, the Company will be subject to suspension by the NYSE and delisting by the SEC.Notwithstanding the foregoing, the NYSE may take accelerated delisting action if the Company's American Depositary Shares ("ADSs") trade at levels viewed to be "abnormally low," which the NYSE generally views as trading below US$0.10.The NYSE notice does not affect the Company's business operations, its U.S. Securities and Exchange Commission reporting requirements, or its contractual obligations. The notice has no immediate impact on the listing of the Company's ADSs, which will continue to be listed and traded on the NYSE, subject to compliance with other NYSE continued listing standards, including the conditions set forth in the NYSE's letter dated January 29, 2026 for noncompliance with the US$1.00 over a 30 trading-day average price standard, and other rights of the NYSE to delist the ADSs. The cure periods under the different standards work independently of each other, and the NYSE could take delisting action under one standard while the Company remains in the cure period for the other. The Company will continue to be included in the list of NYSE noncompliant issuers, and the below compliance (".BC") indicator will continue to be disseminated with the Company's ticker symbol(s). The website posting and .BC indicator will be removed when the Company has regained compliance with all applicable continued listing standards.About SOLAI LimitedSOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM") is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.Forward-Looking StatementsThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. These forward-looking statements include, without limitation, statements regarding the Company's plans to develop and submit a business plan to the NYSE, satisfy applicable requirements under the NYSE Listed Company Manual, and regain compliance with the NYSE's continued listing standards. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.For further information:SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.comChristensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com View original content:https://www.prnewswire.com/news-releases/solai-limited-receives-additional-notice-regarding-nyse-continued-listing-standards-302781697.htmlSOURCE SOLAI Limited Original: SOLAI Limited Receives Additional Notice Regarding NYSE Continued Listing Standards
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US Market News US Market News 2 weeks ago
SOLAI Limited to Report First Quarter 2026 Financial Results on May 26, 2026May 22, 2026 7:30 AM
PR Newswire (US) AKRON, Ohio, May 22, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2026, after the U.S. market closes on Tuesday, May 26, 2026.About SOLAI LimitedSOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM") is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.Forward-Looking StatementsThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. These forward-looking statements include, without limitation, statements regarding the Company's plans to develop and submit a business plan to the NYSE, satisfy applicable requirements under the NYSE Listed Company Manual, and regain compliance with the NYSE's continued listing standards. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.For further information:SOLAI Limited
ir@solai.com
ir.solai.com 
www.solai.comChristensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com  View original content:https://www.prnewswire.com/news-releases/solai-limited-to-report-first-quarter-2026-financial-results-on-may-26-2026-302780043.htmlSOURCE SOLAI Limited Original: SOLAI Limited to Report First Quarter 2026 Financial Results on May 26, 2026
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US Market News US Market News 3 weeks ago
SOLAI Begins Official Sale of Solode Neo, Enabling Always-On AI Agents Across Claude Code, OpenAI Codex, and HermesMay 13, 2026 7:30 AM
PR Newswire (US) AKRON, Ohio, May 13, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider, today announced the official sale of Solode Neo, its compact personal AI computer designed for the next generation of always-on AI agents and developer-agent workflows. First introduced in April 2026 with OpenClaw pre-configured, Solode Neo is now available for immediate purchase and supports Hermes, Claude Code, OpenAI Codex, and Gemini CLI, delivered automatically via the device's existing over-the-air (OTA) update mechanism. These integrations position Solode Neo as a multi-framework local host for persistent AI agents, developer workflows, and coding-agent environments. The Company is also developing additional runtime and software-layer integrations to further simplify how users interact with third-party agent frameworks and model providers over time.Solode Neo is available at US$399. Each Solode Neo also comes with complimentary AI credits, allowing users to begin interacting with AI agents immediately after setup. Through SOLAI's model-routing layer and supported providers, the included credits support up to 20 million tokens for lightweight everyday AI tasks, depending on model selection and usage behavior.Orders and token credit are subject to terms and conditions; visit solode.com to place an order, explore full product specifications and technical details, and view applicable terms.About SOLAI Limited
SOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM") is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause SOLAI's actual results to differ materially from those indicated in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.For further information:
SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.comChristensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com View original content to download multimedia:https://www.prnewswire.com/news-releases/solai-begins-official-sale-of-solode-neo-enabling-always-on-ai-agents-across-claude-code-openai-codex-and-hermes-302770666.htmlSOURCE SOLAI Limited Original: SOLAI Begins Official Sale of Solode Neo, Enabling Always-On AI Agents Across Claude Code, OpenAI Codex, and Hermes
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US Market News US Market News 1 month ago
SOLAI Limited Announces Changes to Board of DirectorsApril 29, 2026 6:30 AM
PR Newswire (US)

AKRON, Ohio, April 29, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider, today announced that Mr. Bo Yu has resigned from his positions as Chairman of the Board of Directors (the "Board"), Chief Operating Officer, and as Chairman of both the Compensation Committee and the Nominating and Corporate Governance Committee, effective April 29, 2026. Mr. Yu resigned for personal reasons and his resignation does not involve any disagreement with the Company or the Board on any matter relating to the Company's operations, policies, or practices.Concurrently, the Board has appointed Mr. Man San Vincent Law, formerly an Executive Director on the Board, as Chairman of the Board and Chair of both the Compensation Committee and the Nominating and Corporate Governance Committee, effective April 29, 2026. Mr. Law will continue to serve as Chair of the Strategy Committee.Mr. Law commented, "On behalf of the Board and the management team, I would like to extend our deepest gratitude to Bo for his longstanding leadership of and contributions to SOLAI. As a Co-Founder, I have worked closely with him to shape our strategic direction over the years, from our transition into the blockchain sector to the development of our AI infrastructure. I look forward to building upon the strong foundation Bo helped establish. We are deeply grateful for his outstanding contributions, and we wish him all the very best in his future endeavors.""It has been a privilege to serve SOLAI and work alongside such a dedicated team over the years," said Mr. Bo Yu. "I am proud of what we have accomplished together, I have full confidence in the Company's future under the Board's continued stewardship, and I look forward to following the Company's continued success."About SOLAI LimitedSOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM") is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.Forward-Looking StatementsThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause SOLAI's actual results to differ materially from those indicated in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.For further information:SOLAI Limited
ir@solai.com 
ir.solai.com
www.solai.com Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com



View original content:https://www.prnewswire.com/news-releases/solai-limited-announces-changes-to-board-of-directors-302757034.htmlSOURCE SOLAI Limited

Original: SOLAI Limited Announces Changes to Board of Directors
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US Market News US Market News 1 month ago
SOLAI Announces Receipt of Revised Preliminary Non-Binding Going-Private ProposalApril 23, 2026 9:20 AM
PR Newswire (US)

AKRON, Ohio, April 23, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider, today announced that the Company has received a revised preliminary non-binding proposal letter (the "Proposal") from Chaince Digital Holdings Inc., to acquire all of the issued and outstanding Class A ordinary shares and Class B ordinary shares of the Company ("Ordinary Shares"), including Ordinary Shares represented by American depositary shares (the "ADS", each representing 100 Class A ordinary shares), for a proposed purchase price of US$0.03162 per Ordinary Share, or US$3.162 per ADS, in cash in a going-private transaction (the "Proposed Transaction"), subject to certain conditions.The proposed purchase price has been adjusted from 110% to 170% of the Company's net asset value (NAV) per Ordinary Share as of the most recent quarter-end date immediately preceding the closing of the Proposed Transaction. Under the Proposal's price adjustment mechanism,  the final purchase price is subject to a price cap and will in no event exceed US$3.20 per ADS.The Company cautions its shareholders and others considering trading in its securities that the Board has just received the Proposal and has not made any decisions with respect to the Company's response to the Proposal. Management will give the Proposal serious and careful consideration in the interest of the Company and its shareholders. There can be no assurance that any definitive offer will be made, that any agreement will be executed, or that the Proposed Transaction or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.About SOLAI Limited
SOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM") is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause SOLAI's actual results to differ materially from those indicated in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.For further information:
SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com



View original content:https://www.prnewswire.com/news-releases/solai-announces-receipt-of-revised-preliminary-non-binding-going-private-proposal-302751830.htmlSOURCE SOLAI Limited

Original: SOLAI Announces Receipt of Revised Preliminary Non-Binding Going-Private Proposal
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US Market News US Market News 2 months ago
SOLAI Limited Files 2025 Annual Report on Form 20-FApril 20, 2026 6:45 AM
PR Newswire (US)

AKRON, Ohio, April 20, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider,  today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission ("SEC") on April 20, 2026. The annual report can be accessed on the SEC's website at http://www.sec.gov, as well as on the Company's investor relations website at https://ir.solai.com/.The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company's IR Department at ir@solai.com.About SOLAI LimitedSOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM"), is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal and digital assets globally.Forward-Looking StatementsThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause SOLAI's actual results to differ materially from those indicated in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.For further information:
SOLAI Limited
ir@solai.com
ir.solai.com 
www.solai.com Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 



View original content:https://www.prnewswire.com/news-releases/solai-limited-files-2025-annual-report-on-form-20-f-302747092.htmlSOURCE SOLAI Limited

Original: SOLAI Limited Files 2025 Annual Report on Form 20-F
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glenn1919 glenn1919 3 months ago
SLAI.........................................p/m
👍️ 1
US Market News US Market News 3 months ago
SOLAI Announces Receipt of Preliminary Non-Binding Going-Private ProposalMarch 12, 2026 6:30 AM
PR Newswire (US)

AKRON, Ohio, March 12, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter (the "Proposal") from Chaince Digital Holdings Inc., to acquire all of the issued and outstanding Class A ordinary shares and Class B ordinary shares of the Company ("Ordinary Shares"), including Ordinary Shares represented by American depositary shares (the "ADS", each representing 100 Class A ordinary shares), for a proposed purchase price of US$0.03069 per Ordinary Share, or US$3.069 per ADS, in cash in a going-private transaction (the "Proposed Transaction"), subject to certain conditions.The proposed purchase price represents 110% of the Company's net asset value (NAV) per Ordinary Share as of September 30, 2025 (the reference date used in the Proposal), which was US$2.79 per ADS. Under the Proposal's price adjustment mechanism, the final purchase price payable upon closing of the Proposed Transaction ("Final Purchase Price"), would be recalculated and adjusted to reflect 110% of the NAV per Ordinary Share as of the most recent quarter-end date immediately preceding the closing of the Proposed Transaction. The Final Purchase Price is subject to a price cap and will in no event exceed US$3.20 per ADS.The Company cautions its shareholders and others considering trading in its securities that the Board has just received the Proposal and has not made any decisions with respect to the Company's response to the Proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed, or that the Proposed Transaction or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.About SOLAI LimitedSOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM"), is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal and digital assets globally.Forward-Looking StatementsThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause SOLAI's actual results to differ materially from those indicated in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.For further information:
SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.comChristensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com



View original content:https://www.prnewswire.com/news-releases/solai-announces-receipt-of-preliminary-non-binding-going-private-proposal-302712176.htmlSOURCE SOLAI Limited

Original: SOLAI Announces Receipt of Preliminary Non-Binding Going-Private Proposal
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US Market News US Market News 3 months ago
SOLAI Limited Strategically Expands into Personal AI Infrastructure; Outlines Roadmap to Drive the Next Phase of AI AdoptionMarch 9, 2026 6:00 AM
PR Newswire (US)

AKRON, Ohio, March 9, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider, today announced it is strategically expanding into personal AI infrastructure. As part of the ongoing optimization of existing operations, the Company unveiled its long-term roadmap for personal AI infrastructure that leverages its established infrastructure capabilities to drive the next phase of AI adoption.As AI evolves from application-level tools into foundational infrastructure, the industry is rapidly entering the next phase of adoption defined by autonomous AI agents. Because these systems are now capable of reasoning, planning, and executing complex workflows independently, privacy, security, and control are increasingly becoming greater priorities for individuals. To meet these critical demands, SOLAI believes the next major wave of AI adoption will shift intelligence directly to the edge. To drive this transition and enable individuals to operate private, reliable, and independent AI nodes, the Company detailed the architecture of its personal AI infrastructure ecosystem, built upon a fully integrated, four-layer technology stack:Personal AI Node Device (AI Hardware): Acting as the physical foundation of the ecosystem, this layer offers a dedicated, always-on personal AI node device and is SOLAI's primary differentiator. It features localized storage and robust hardware-level security , enabling secure bridging between local workflows and cloud-based models.On-Device Agent Runtime (System OS): Serving as the proprietary on-device operating system for the personal AI node device, this layer provides a highly stable system for autonomous AI agent execution. It seamlessly integrates model orchestration, an extensible plugin architecture, permission controls, process reliability (auto-recovery/rollback), and update mechanisms, delivering a fully private AI experience with a frictionless setup that requires no technical expertise.Intelligence & Routing (API Management): Functioning as the monetizable traffic and control plane, this layer delivers unified multi-model access through centralized API management. It features intelligent routing, policy control, usage metering, and streamlined billing, securely connecting local devices to several Large Language Models (LLMs) while strictly enforcing data privacy and cost-efficiency.High-Density Compute (AIDC Infrastructure): Designed to expand long-term computing capacity through dedicated AI infrastructure, this layer builds upon SOLAI's extensive experience managing large-scale digital asset mining facilities and data centers. The Company intends to leverage these proven capabilities and deploy them toward high-density AI computing, supporting scalable inference clusters and model deployment as ecosystem demand accelerates.With this roadmap established, SOLAI has begun development of its hardware, operating system, and routing layers, architected seamlessly to ensure a fully integrated experience from inception. The Company has already produced working prototypes of its personal AI node device, which are currently undergoing rigorous system integration testing with the operating system. The software has reached the internal alpha stage, with core capabilities including model orchestration, intelligent routing, and a local knowledge base already operational within the prototype setting. Powered by SOLAI's proprietary operating system and engineered for seamless consumer accessibility, the device will offer native support for the OpenClaw ecosystem straight out of the box. Crucially, the underlying open system architecture ensures long-term adaptability, supporting future software upgrades, optional switching to alternative compatible systems, and eventual multi-system interoperability.Mr. Bo Yu, Chairman of the Board of SOLAI, commented: "As AI evolves from a cloud-based tool into persistent, autonomous agents, the need for private computing has never been clearer. We believe this marks the start of the next phase of AI adoption, where AI effectively becomes an everyday device — much like laptops, smartphones, and tablets today. This strategic expansion into personal AI infrastructure is a natural progression of SOLAI's long-term vision and leverages our extensive experience in large-scale hardware deployment, data center operations, and high-performance network infrastructure. This roadmap lays the foundation for our personal AI infrastructure ecosystem buildout which we will continue to expand upon. We look forward to sharing our continued progress as we drive the next phase of AI adoption."About SOLAI LimitedSOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM"), is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal and digital assets globally.Forward-Looking StatementsThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause SOLAI's actual results to differ materially from those indicated in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.For further information:
SOLAI Limited
ir@solai.com
ir.solai.com 
www.solai.com Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com  



View original content:https://www.prnewswire.com/news-releases/solai-limited-strategically-expands-into-personal-ai-infrastructure-outlines-roadmap-to-drive-the-next-phase-of-ai-adoption-302707929.htmlSOURCE SOLAI Limited

Original: SOLAI Limited Strategically Expands into Personal AI Infrastructure; Outlines Roadmap to Drive the Next Phase of AI Adoption
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glenn1919 glenn1919 5 months ago
SLAI...............................https://stockcharts.com/sc3/ui/?s=SLAI&p=w&b=5&g=0&id=p86431144783
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TrendTrade2016 TrendTrade2016 5 months ago
SLAI BREAKING A DOLLA THIS ROUND AGAIN
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glenn1919 glenn1919 5 months ago
SLAI.......................................................https://stockcharts.com/sc3/ui/?s=SLAI&p=w&b=5&g=0&id=p86431144783
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TrendTrade2016 TrendTrade2016 5 months ago
SLAI///HERE WE GO TO A DOLLA
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TrendTrade2016 TrendTrade2016 5 months ago
SLAI NYC STOCK TO A DOLLA
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WealthyTM WealthyTM 8 months ago
How high you think it will go? I have a few calls until 2027
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Monksdream Monksdream 1 year ago
BTCM, new 52 week low
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Monksdream Monksdream 2 years ago
BTCM under $3
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Monksdream Monksdream 2 years ago
BTCM 10Q due AUGUST 21
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Monksdream Monksdream 2 years ago
BTCM new 52 lo
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Monksdream Monksdream 2 years ago
BTCM new 52 lo
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TaperT2 TaperT2 2 years ago
Aww your right , Ok i havent been using Barchart for that aspect in awhile Im noticing tho soon after you have-called bottoms the vol has picked up on allot of them :)
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Monksdream Monksdream 2 years ago
Easy
I view the new 52 week highs and lows list each day from the Barchart website
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TaperT2 TaperT2 2 years ago
Thanx Monks. Amazed at How you keep track all these Plays …Cheers
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Monksdream Monksdream 2 years ago
BTCM new 52 week high
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Monksdream Monksdream 3 years ago
BTCM the leader today among the crypto miners
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc
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TimeFades TimeFades 3 years ago
Rippin
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Invest-in-America Invest-in-America 3 years ago
BTCM: Opening fire!!! Who-would-a-thunk-it??? (I'm checking its CHART now; see me below!!)



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TheFinalCD TheFinalCD 3 years ago
BTCM RS DEC-23 https://finance.yahoo.com/news/bit-mining-limited-announces-plan-213000291.html
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heyitsmeagain heyitsmeagain 4 years ago
Squeeze
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heyitsmeagain heyitsmeagain 4 years ago
Squeeze
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willlbone willlbone 4 years ago
Bitcoin mining is dead. Plus its China.
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apple1732 apple1732 4 years ago
https://www.cnbc.com/2021/12/06/miami-jury-rules-in-favor-of-craig-wright-bitcoin-claimed-inventor.html
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Gwinner Gwinner 5 years ago
Anyone know when earnings will be coming out?
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Farmboynate Farmboynate 5 years ago
start going after the people behind it not hard to track where fake shares and shorts come from they get reported but the sec does nothing.. https://twitter.com/InvestorsLive was one that started a short attack on btcm about 3 weeks ago telling 180K followers to short it then you get the naked shorts that join in
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Gwinner Gwinner 5 years ago
So how do they (SEC) or (BTCM) prevent Naked Shorting from happening?
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BottomBounce BottomBounce 5 years ago
$BTCM and IDEX only Blockchain plays I know
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Farmboynate Farmboynate 5 years ago
Where have you been all these years?? FTD= naked shorts you can look up past FTDS and see its been going on here

https://fintel.io/sftd/us/btcm

I've noticed EDGX has been heavily selling but they aren't heavily buying back and can look up that they are the ones that are behind the short selling/naked short selling it appears
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Gwinner Gwinner 5 years ago
I don't think you can naked short on the NYSE
My guess is china shut the switch off on over 400MW's of machines and they are just now getting back online.

My guess 20+ by December once Mr market realizes these machines are cranking cash
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Farmboynate Farmboynate 5 years ago
naked shorts killing this, it should be at 20-30$ but stuck 9-10$
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oxnous oxnous 5 years ago
BTCM needs to report quarter to quarter revenue growth that validates their business plan is working.
It is one thing to buy crypto mining machines--and another to operate in a low cost-high margin environment.
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Farmboynate Farmboynate 5 years ago
this has to be the biggest pos heavily manipulated/shorted crypto mining stock on the planet starting to think the Chinese are Naked short selling this pos
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Trader9999 Trader9999 5 years ago
Whats weird is China has been banning crypto since 2013
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oxnous oxnous 5 years ago
All the crypto miner are suffering from the China Syndrome today.
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Gwinner Gwinner 5 years ago
Thank you China for better buying entry!!
Can't Stifel technology to your people when the rest of the world is on board
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Gwinner Gwinner 5 years ago
Once this site and the other deployments get on line this year the 1st qrt revenues will be huge!!!
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Gwinner Gwinner 5 years ago
BTCM - Putting there MONEY to work!!!!!!!
China kicks BTCM out and America takes them in and making money!
Love it!
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BoilerRoom BoilerRoom 5 years ago
All in on GEVO no funds for other stocks
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Chartmaster Chartmaster 5 years ago
BTCM looking like real easy money right here imo!
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