BIT Mining, a publicly traded bitcoin mining company listed on the New York Stock Exchange (NYSE: BTCM), has announced a strategic pivot to the Solana blockchain ecosystem. The firm plans to raise between $200 million and $300 million in phased funding to build a treasury of Solana's native token, SOL, by converting all existing cryptocurrency holdings into SOL. Additionally, BIT Mining intends to operate Solana validator nodes to earn network rewards. This move positions BIT Mining among the top corporate holders of SOL, alongside entities such as DFDV, Sol Strategies, and Upexi. Following the announcement, BIT Mining's stock surged to a three-year high, with a reported 350% increase. The company's strategy reflects a broader trend of bitcoin treasury organizations exploring deployment of assets on blockchain platforms like Solana to capture yield and leverage fast, low-cost transaction infrastructure.