SOLAI Limited, a technology-driven personal AI and digital infrastructure provider, announced it has completed its previously disclosed acquisition of a 51% equity stake in NEURALAND PTE. LTD., a Singapore-based company specializing in the design and manufacture of personal AI nodes.
To complete the transaction, SOLAI issued approximately 1.162 billion newly issued Class A ordinary shares to AIPICO Global Limited, the selling shareholder. The shares were valued at $0.0079 per share, equivalent to $0.79 per American Depositary Share based on the company’s current ADS ratio, resulting in total consideration of about $9.18 million. In exchange, AIPICO Global Limited transferred 51% of NEURALAND’s issued and outstanding shares to SOLAI.
NEURALAND develops personal AI nodes through a combination of proprietary hardware and software solutions. The company was founded by a team with experience in blockchain hardware and semiconductor innovation and has expertise in large-scale technology deployment.
SOLAI said the acquisition aligns with its strategy of building infrastructure for personal AI computing. The company, previously known as BIT Mining Limited, has historically focused on digital asset mining and blockchain network operations. It is now leveraging its experience in large-scale hardware deployment, data center operations, and high-performance computing to support personal AI computing and digital asset ecosystems worldwide.
The company noted that the securities issued in connection with the transaction were not registered under the Securities Act of 1933 and were issued to certain non-U.S. persons in offshore transactions in reliance on Regulation S.
Founded in Singapore, NEURALAND focuses on the design and manufacture of personal AI nodes and aims to address the growing demand for personal AI computing infrastructure through integrated hardware and software platforms.
