BIT Mining Stock Skyrockets as Bitcoin & Dogecoin Miner Announces $300M Solana Shift
BIT Mining just flipped the script—and the market noticed. Shares surged after the crypto miner revealed a $300 million pivot to Solana, leaving Bitcoin and Dogecoin in the rearview. Here’s why Wall Street’s buzzing.
From Proof-of-Work to Proof-of-Stake?
The move signals a potential exodus from energy-intensive mining. Solana’s faster, cheaper transactions might’ve finally outweighed Bitcoin’s brand dominance—or maybe they just chased the hype cycle. (Classic crypto.)
Betting Big on the ‘Ethereum Killer’
That $300 million war chest? All-in on Solana infrastructure. Either BIT Mining knows something we don’t, or they’re praying SOL’s 90% crash from its ATH was a fluke. Hedge funds are already placing bets.
The closer: Another day, another crypto firm ‘pivoting’ to whatever narrative pumps bags this quarter. At least this time they put real money behind the buzzword bingo.
