SOLAI Ltd
solai.comWhat Do They Do?
Provides data center space, utilities and cloud services to customers, and hash-calculation services to cryptocurrency mining pools.
20-F for FY2025, filed Apr 20, 2026
How Do They Make Money?
Cryptocurrency mining pools pay the company in cryptocurrency under a formula for hash-calculation services, with compensation earned as the service is provided. Data center customers pay set monthly prices for rack space, utilities and cloud services.
20-F for FY2025, filed Apr 20, 2026
-
20-F for FY2025, filed Apr 20, 2026
FY2025 revenue by reportable segment ↗
$23M
-
20-F for FY2025, filed Apr 20, 2026
$23M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Data center
Recurring
20-F for FY2025, filed Apr 20, 2026 |
104%
FY2022: 31%
|
Data center, FY2025
$23.9M Sources
|
Recurring |
|
Cryptocurrency mining
Usage-based
20-F for FY2025, filed Apr 20, 2026 |
29%
FY2022: 82%
|
Cryptocurrency mining, FY2025
$6.7M Sources
|
Usage-based |
Who Are Their Customers?
Mining pool operators contract for the company’s hash-calculation services; data center customers receive rack space, utilities and cloud services.
20-F for FY2025, filed Apr 20, 2026
Do Revenues Turn Into Profits?
No. It lost $33.9M in FY2025.
20-F for FY2025, filed Apr 20, 2026
−$34.7MView ↗
20-F for FY2025, filed Apr 20, 2026
−$33.9MView ↗
20-F for FY2025, filed Apr 20, 2026
−$27.1MView ↗
How Are They Changing?
Shrinking. Revenue fell 57% in 4 years, from $53.8M in FY2021 to $23M in FY2025, about 19% a year.
BTC.com pool exit
The older report describes BTC.com pool services as part of the business; the latest says mining-pool revenue is discontinued and records the sale of the BTC.com Pool Businesses.
20-F for FY2022, filed Apr 17, 2023 20-F for FY2025, filed Apr 20, 2026In February 2021, we also announced that we entered into a share exchange agreement with Blockchain Alliance Technologies Holding Company…View ↗
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