Why Is BIT Mining Stock Skyrocketing On Thursday?

Bit Mining plans to raise up to $300 million and convert its crypto assets into SOL as part of its strategic shift into the Solana ecosystem. source: https://www.benzinga.com/trading-ideas/movers/25/07/46344516/why-is-bit-mining-stock-skyrocketing-on-thursday?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site