Bitcoin mining company, Bit Mining, is planning a strategic shift into the Solana ecosystem, aiming to raise up to $300 million. The capital will be used to build a Solana token treasury and expand its capabilities within the network. The company also plans to run validator nodes on Solana to support network decentralization and security. CEO Xianfeng Yang has expressed confidence in this move’s adaptability in the blockchain space and potential for delivering shareholder value.
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