Cryptocurrency Miner Bit Mining moves its focus to Solana with plans to gather up to $ 300 million to acquire the sun -tokens.
Bit Mining said it wants to “catch new opportunities across the wider blockchain” industry and attract investors seeking exposure to Solana in a message on Thursday.
The company’s New York Stock Exchange-Listed Shares rose as high as $ 11.20 in trading before the market, over 350% compared to Wednesday’s closing price of $ 2.46 after the announcement.
At the time of the press, BTCM traded nearly 250% higher at $ 8.38.
Akron, Ohio-based bit mining will convert its existing crypto holdings to sun and plan to raise $ 200 million $ 300 million to gather more.
The company has 19 BTC ($ 2.1 million)According to Bitcoin Treasuries.
Bitcoin my workers have sought funds to diversify their income streams since the last square -half -end event in April 2024, with the reward for adding new blocks to the Bitcoin network is reduced by 50%.
Bit Mining said in December that it is profits from mining litecoin
And Dogecoin was triple what it had acquired from BTC.
The Fellow Mine Company Bit Digital has moved the entire Treasury to ETH as part of a plan to focus solely on ether stacks.
