SOLAI (ticker: SLAI) is a small cryptocurrency mining company that mines Bitcoin, Litecoin, and Dogecoin for its own account using ASIC machines at data centers in Ohio (82.5 megawatts) and Ethiopia (55 megawatts). SOLAI's primary revenue comes from self-mining: running machines continuously to earn newly minted cryptocurrency, which it holds on its balance sheet and sells for cash as needed. SOLAI also earns hosting fees by renting rack space, power, and utilities at its Ohio facility to third-party miners. Electricity cost is the dominant operating expense, and mining profitability is essentially the spread between the value of cryptocurrency produced and the cost of power consumed. Bitcoin prices are the most important revenue driver given BTC's dominance in crypto markets. SOLAI has gone through several major business pivots since its founding — operating as an online lottery company in China under the brand 500.com until 2015, then pivoting into crypto around 2020, before shutting down all China operations in 2021 after Chinese regulators banned cryptocurrency mining. The company rebranded from BIT Mining to SOLAI in 2025. The company also resolved a DOJ/SEC investigation related to alleged bribery connected to a Japan casino resort project in 2024, paying a combined $10M penalty under a deferred prosecution agreement.