Bit Mining Limited ( (SLAI) ) has released its Q3 earnings. Here is a breakdown of the information Bit Mining Limited presented to its investors.
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SOLAI Limited, formerly known as BIT Mining Limited, is a technology-driven cryptocurrency infrastructure company that focuses on building a blockchain-based ecosystem, including crypto mining, AI, and payment infrastructure. The company is expanding its operations to support various use cases across blockchain ecosystems.
In its latest earnings report for the third quarter of 2025, SOLAI Limited reported revenues of $4.4 million, a slight decrease from the previous year. Despite the drop in revenue, the company showed improvement in its operating loss, which narrowed to $2.7 million from $4.8 million in the same period last year.
Key financial highlights include a decrease in self-mining revenue due to increased network difficulty and machine maintenance, while data center operations saw an increase in service fee revenue. The company also reported a positive change in the fair value of cryptocurrency assets, contributing to the reduced net loss of $2.5 million compared to $4.8 million in the previous year.
Looking forward, SOLAI Limited remains committed to refining its infrastructure strategy and maximizing shareholder value. The company aims to leverage its blockchain and data infrastructure expertise to enhance on-chain efficiency and expand its participation in the Solana and other blockchain ecosystems.