Solai SLAIY

SOLAI Limited is engaged in cryptocurrency mining, data center operations, and miner manufacturing. The company extracts digital assets such as Bitcoin, Litecoin, and Dogecoin through its owned mining rigs and sells them for fiat currency. It also provides colocation, power, and cooling services to external miners in its data centers and designs, manufactures, and sells application specific integrated circuit mining machines. This integrated approach allows SOLAI to control key parts of the mining value chain. The firm states its intention to become a leading cryptocurrency mining enterprise by expanding its mining fleet and data center capacity globally.

The company generates revenue from three main streams. Mining revenue comes from the sale of bitcoins, litecoins and dogecoin produced by its facilities; in 2025 bitcoin mining yielded about $3.1 million and dogecoin/litecoin mining contributed roughly $3.6 million. In addition, the company held approximately 11.04 BTC, 122 ETH, and other digital assets valued at about $7.0 million at year end 2025, though these are not revenue until sold. Data center revenue is earned through monthly fees charged to third party miners for rack space, electricity, and cooling; the Ohio data center provides 82.5 megawatts of power and the Ethiopia facility is being developed to reach 55 megawatts. Miner manufacturing revenue derives from the sale of ASIC based mining rigs to external customers; Bee Computing has produced thousands of mining chips and machines for Bitcoin, Ethereum, and Litecoin. These streams together constitute the company’s total turnover.

The company operates through the following segments.

• Cryptocurrency Mining: This segment runs Bitcoin, Ethereum Classic, Litecoin, and Dogecoin mining machines to produce cryptocurrencies for sale, with a reported Bitcoin hash rate of approximately 269.6 PH/s and a Dogecoin/Litecoin hash rate of about 37,689.7 PH/s.

• Data Center Services: This segment supplies rack space, power, and cooling and related services to both its own mining equipment and third party miners, charging fees based on utilization and supporting operations in Ohio and Ethiopia.

• Miner Manufacturing: This segment designs and fabricates ASIC based mining hardware through its subsidiary Bee Computing, focusing on Bitcoin, Ethereum, and Litecoin machines that are sold to external buyers.

Within the competitive global cryptocurrency mining industry, SOLAI seeks to differentiate itself by vertically integrating mining, data center operations, and hardware production, which gives it greater control over costs and supply chain compared with pure play miners or hosting providers.

The company’s customers include exchanges and over the counter traders that purchase its mined cryptocurrencies, as well as third party mining firms that use its data center services; specific counterparty names are not disclosed in the filing.