Btcm

What Btcm does

SOLAI Limited (NYSE: SLAI), formerly BIT Mining Limited, is a publicly traded technology and digital infrastructure provider operating from Akron, Ohio with data center operations in Ohio and Addis Ababa, Ethiopia. The company is repositioning from its legacy cryptocurrency mining origins into a vertically integrated AI infrastructure platform that spans personal AI node hardware, enterprise-scale data center operations, and Solana-based blockchain services.

Its product portfolio comprises four pillars: (1) the Solode Neo, a $399 compact personal AI computer supporting multiple agent frameworks (Hermes, Claude Code, OpenAI Codex, Gemini CLI) with local storage and end-to-end encryption, paired with proprietary On-Device Agent Runtime OS and Intelligent Routing Layer software; (2) Asgard data center operations delivering 130+ MW of global capacity across the U.S. and Africa for digital asset mining and high-density AI compute, with 45+ MW dedicated hosting and 18 MW of self-mining; (3) a Solana ecosystem stack including a yield-generating SOL treasury reserve, active validator nodes, and the Dolai regulatory-compliant stablecoin; and (4) NEURALAND PTE. LTD., a 51%-owned Singapore subsidiary acquired in June 2026 for $9.18M, which designs and manufactures personal AI nodes.

SOLAI generates revenue primarily from data center hosting (Ohio $4.4M and Ethiopia $3.3M in Q1 2026), self-mining operations, and recently launched consumer hardware sales, with AI credits bundled into the Solode Neo at up to 20 million tokens per device. Q1 2026 revenue reached $7.9M (+19.7% YoY) while the company continued to post operating losses of -$6.8M and net losses of -$6.7M. The company is currently under NYSE delisting review due to market cap below $50M and ADS price below $1, has executed an effective one-for-seven reverse ADS split, received a $3.162/ADS buyout proposal from Chaince Digital Holdings, and is led by an executive team that has undergone recent turnover including the resignation of director Mr. Qian Sun and appointment of Mr. Zhan Chen as independent director.

Name

Btcm

Legal name

SOLAI Limited

Website

https://btcm.group

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

SOLAI Limited (NYSE: SLAI) is a publicly traded, Akron-based AI and digital infrastructure provider operating Ohio and Ethiopia data centers and selling the $399 Solode Neo personal AI computer to developers and privacy-conscious consumers while pivoting from legacy crypto mining.

Ownership category

akta.pro rank

Product category

AI Infrastructure Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Custom Computer Programming Services (541511), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Services-Computer Programming Services (7371), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Finance Services (6199)

akta.pro primary industry

Mining Hosting, Colocation & Managed Facilities (FSADAOAE)

akta.pro secondary industry

Treasury Management & Corporate Crypto Yield Programs (FSADAHAL)

Keywords

• AI infrastructure services
• Data center hosting
• Personal AI hardware
• Cryptocurrency mining
• Stablecoin issuance

Headquarters

HQ city

Akron

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Data Center Operations: Revenue from managing data center capacity including 45+ MW of dedicated hosting and 18 MW of self-mining operations. Q1 2026 revenue driven by Ohio data center ($4.4M) and Ethiopia data center ($3.3M).
2. Hardware Sales (Solode Neo): One-time hardware device sales of the Solode Neo compact personal AI computer at $399 per unit, targeting developers and privacy-conscious individual consumers.
3. AI Compute Services: High-density AI compute services delivered through the company's data center infrastructure, leveraging 130+ MW of global capacity.
4. AI Credits and Token Usage: Complimentary AI credits included with Solode Neo support up to 20 million tokens for lightweight tasks; additional usage likely monetized based on consumption.
5. Digital Asset Mining: Legacy self-mining operations for DOGE/LTC contributing $0.2M in Q1 2026 amid reduced operations as the company pivots toward AI infrastructure.
6. Solana Ecosystem Services: Treasury management through yield-generating strategic SOL reserve, validator node operations supporting Solana network, and Dolai stablecoin for on-chain financial integration.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Btcm (SOLAI Limited) develops and sells the Solode Neo personal AI computer ($399), operates 130+ MW of data center capacity for AI compute and digital asset mining across Ohio and Ethiopia, manufactures cryptocurrency mining hardware (BTC and LTC/DOGE miners), and runs Solana blockchain ecosystem services including validator nodes, strategic SOL reserves, and the Dolai stablecoin. The company is pivoting from legacy cryptocurrency mining into vertically integrated AI infrastructure spanning personal AI nodes and high-density compute.

Product overview

SOLAI Limited is a technology-driven personal AI and digital infrastructure provider formerly known as BIT Mining Limited. The company operates a platform-plus-products architecture comprising: (1) Solode Neo — a compact personal AI computer ($399) that hosts multiple AI agent frameworks (Hermes, Claude Code, OpenAI Codex, Gemini CLI) with the On-Device Agent Runtime OS for autonomous agent execution and an Intelligent Routing Layer for unified API management; (2) Data Center Operations (Asgard) — 130+ MW of global capacity across Ohio and Ethiopia supporting digital asset mining and AI compute; (3) Solana Ecosystem — treasury management, validator nodes, and Dolai stablecoin; and (4) Neuraland (acquired) — Singapore-based AI hardware maker for personal AI node design and manufacturing. The company is strategically pivoting from legacy digital asset mining toward AI infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Solode Neo: Compact personal AI computer priced at $399, designed to host multiple AI agent frameworks including Hermes, Claude Code, OpenAI Codex, and Gemini CLI
• Dolai
• Solode
• Asgard

Products and services

• Solode Neo A compact personal AI computer priced at US$399 that hosts multiple AI agent frameworks (Hermes, Claude Code, OpenAI Codex, Gemini CLI) with always-on capability, local storage, and end-to-end encryption. Includes complimentary AI credits supporting up to 20 million tokens for lightweight AI tasks. Targeted at developers, technical users, and privacy-conscious individuals seeking persistent, self-hosted AI compute.
• Data Center Operations (Asgard)

Quantifiable outcome

• Q1 2026 revenue of $7.9 million, up 19.7% year-over-year from $6.6 million
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core and supporting.

• NEURALAND PTE. LTD.coreStrategic or Co-development Partner · 2 June 2026SOLAI acquired 51% equity stake in NEURALAND PTE. LTD., a Singapore-incorporated AI company specializing in the design and manufacture of personal AI nodes. The acquisition was valued at approximately $9.18 million through issuance of 1.16 billion Class A ordinary shares to AIPICO Global Limited. NEURALAND's team includes founders with backgrounds in blockchain hardware and semiconductor innovation. This acquisition represents SOLAI's strategic pivot from digital asset mining toward AI infrastructure.
• Solana NetworksupportingTechnology or IntegrationSOLAI operates active validator nodes supporting the Solana network as part of its blockchain infrastructure activities. The company also manages yield-generating strategic SOL reserves and has launched the Dolai stablecoin for on-chain financial integration.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bitfarms Ltd. Public Bitcoin miner operating multi-100 MW data center capacity across North and South America with a growing HPC/AI compute hosting pivot — directly comparable to SOLAI's mining-to-AI infrastructure transition and Asgard data center operations.
• Core Scientific: Operates large-scale data centers hosting both Bitcoin mining and AI/HPC compute workloads, emerging from bankruptcy with renewed focus on AI colocation. Direct overlap with SOLAI's high-density AI compute and crypto mining hosting business.
• Marathon Digital Holdings: One of the largest publicly traded Bitcoin miners with diversified mining and energy infrastructure operations. Comparable to SOLAI's legacy mining roots and large-scale data center/hosting exposure.
• Riot Platforms, Inc. Large-cap US-listed Bitcoin miner with significant data center capacity in Texas exploring HPC/AI hosting adjacency. Comparable in business mix (mining-led, infrastructure-heavy) and capital-markets profile to SOLAI.
• Cipher Mining, Inc. US-listed Bitcoin miner building industrial-scale data centers in Texas with optionality on HPC/AI hosting. Smaller-cap peer analogous to SOLAI's sub-$15M market cap and similar mining-to-AI strategic narrative.
• CleanSpark, Inc. Public Bitcoin miner with a focus on efficient data center operations and renewable power, increasingly pivoting toward AI/HPC workloads. Comparable to SOLAI's data center scale and energy positioning.
• Hut 8 Corp. Public crypto miner that has built a diversified AI compute hosting business (Hut 8 AI) on the back of its data center footprint. Closely matches SOLAI's integrated mining + AI hosting + GPU compute model and US-listed status.

Broad incumbents

• CoreWeave, Inc. Large-scale GPU cloud provider built on former crypto mining infrastructure, serving AI training and inference workloads at hyperscaler-grade scale. Represents the upper-bound benchmark for SOLAI's high-density AI compute hosting ambition and validates the mining-to-AI compute business model.
• Bitmain Technologies: Dominant global ASIC mining hardware manufacturer (Antminer). Relevant as SOLAI's historical track record of manufacturing and distributing 6,000+ BTC miners and 5,000+ LTC/DOGE miners mirrors Bitmain's category, and the NEURALAND acquisition extends SOLAI into direct competition with Bitmain-style design-and-manufacture operations.

Emerging players

• Rabbit Inc. Maker of the r1 consumer AI device focused on on-device agentic workflows. Most directly comparable consumer/hardware peer to SOLAI's Solode Neo personal AI computer — both target always-on agent use cases at sub-$500 price points.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Btcm