Summary
- Bit Mining has announced the full-scale entry into the Solana (SOL) ecosystem by establishing its own validator.
- The company stated that it has newly purchased 27,191 SOL and has started staking all of these tokens on its node.
- On the 10th of last month, Bit Mining revealed its plan to raise up to $300 million to focus on expanding Solana infrastructure and purchasing tokens.
Bit Mining, a cryptocurrency infrastructure company, announced that it has established its own validator and purchased 27,191 SOL as part of its strategy to expand into the Solana (SOL) ecosystem.
According to PR Newswire on the 5th, Bit Mining officially launched its Solana validator, which is operated by its own infrastructure team, and has begun staking the entire amount of acquired SOL to the node. Previously, the company announced on the 10th of last month that it had raised up to $300 million to expand Solana infrastructure and purchase tokens.
Bo Yu Wei, Chairman and Chief Operating Officer (COO), stated, “The launch of this validator goes beyond simply holding tokens—this demonstrates our commitment to participating as a key operator in the Solana network,” and added, “We plan to pursue both financial and strategic achievements through SOL staking and ecosystem participation.”
Previously, on the 10th of last month, the company announced a strategic shift to focus on purchasing Solana tokens and developing infrastructure by raising funds of up to $300 million.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
