Core Viewpoint - Bgin Blockchain Limited is under investigation for potential violations of federal securities laws following significant financial losses and changes in auditor engagement [1][2][3]. Financial Performance - Bgin Blockchain Limited reported a decline in total revenue of approximately $96 million for the six months ending June 30, 2025, compared to the previous year [2]. - The company's operating expenses surged by 582.8%, leading to a gross loss of $6.3 million, a stark contrast to the gross profit of $84.8 million reported in the prior year [2]. Auditor Engagement - On December 15, 2025, Bgin announced it would not renew its current auditor and instead approved the engagement of a new independent registered public accounting firm effective December 12, 2025 [3]. - Following this announcement, Bgin's shares experienced a significant drop of over 59% on December 29, 2025 [3].

New York, New York--(Newsfile Corp. - January 21, 2026) - Levi & Korsinsky notifies investors that it has commenced an investigation into Bgin Blockchain Limited ("Bgin Blockchain Limited") (NASDAQ: BGIN) concerning potential violations of the federal securities laws.Bgin released unaudited financial results on November 14, 2025, for the six months ended June 30, 2025, revealing that total revenue had declined roughly $96 million from the previous year, operating expenses increased 582.8%, and the Company' ...

Core Insights - BGIN Blockchain Limited announced that its chairman Oisin Li and independent director Paul Tsang purchased additional Class A ordinary shares, indicating their confidence in the company's long-term prospects [1][2]. Share Purchases - Oisin Li acquired 60,000 Class A ordinary shares at an average price of US$3.7 per share, while Paul Tsang purchased 8,100 Class A ordinary shares at an average price of US$2.85 per share [2]. Company Strategy - Oisin Li expressed strong conviction in BGIN's direction and long-term potential, highlighting the company's strategy to become an infrastructure player within the Bitcoin ecosystem [3]. - The company aims to address a notable gap between current share prices and its anticipated long-term value [3]. Company Overview - BGIN Blockchain Limited is a digital asset technology company specializing in proprietary cryptocurrency mining technologies and manufacturing mining hardware [3]. - The company focuses on making crypto mining accessible to all, developing innovative products for various market needs, from beginners to large-scale industrial miners [3].

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Bgin Blockchain Limited and its officers or directors [1] Financial Performance - Bgin reported a significant decline in total revenue of approximately $96 million for the six months ending June 30, 2025, compared to the previous year [2] - Operating expenses surged by 582.8%, indicating severe financial strain [2] - The company's gross profit fell from $84.8 million in the prior year to a gross loss of $6.3 million [2] Management Changes - On December 5, 2025, Bgin announced the termination of its Chief Communications Officer's employment on a mutual basis [2] - On December 15, 2025, Bgin decided not to renew its engagement with its current auditor and approved the hiring of a new independent registered public accounting firm effective December 12, 2025 [2] Stock Performance - As of December 29, 2025, Bgin's stock closed at $2.45, which is below its initial public offering (IPO) price [2]

Core Viewpoint - The Portnoy Law Firm has initiated an investigation into Bgin Blockchain Limited for possible securities fraud and may file a class action on behalf of investors [1]. Group 1: Company Financial Performance - Bgin Blockchain Limited completed its Initial Public Offering (IPO) on October 21, 2025 [2]. - The company reported a significant decline in total revenue, which decreased by approximately $96 million compared to the previous year [3]. - Operating expenses surged by 582.8%, leading to a gross loss of $6.3 million, a stark contrast to the gross profit of $84.8 million reported in the prior year [3]. - As of December 29, 2025, Bgin's shares traded as low as $2.45, marking a decline of $3.55 or 59% from the IPO price of $6.00 per share [3]. Group 2: Corporate Governance Changes - On December 5, 2025, Bgin announced the termination of its Chief Communications Officer on a mutual amicable basis [3]. - The company decided not to renew or negotiate new terms with its current auditor and approved the engagement of a new independent registered public accounting firm effective December 12, 2025 [3].

Core Viewpoint - Glancy Prongay & Murray LLP has initiated an investigation into Bgin Blockchain Limited regarding potential violations of federal securities laws affecting investors [1] Company Summary - Bgin Blockchain Limited is listed on NASDAQ under the ticker symbol BGIN [1] - The investigation is aimed at assessing the company's compliance with federal securities regulations [1] Investor Impact - The law firm is reaching out to investors who may have incurred losses related to their investments in Bgin Blockchain Limited [1]

Core Viewpoint - An investigation has been announced regarding Bgin Blockchain Limited for potential violations of federal securities laws, indicating possible legal issues for the company and its investors [1]. Company Summary - Bgin Blockchain Limited (NASDAQ: BGIN) is under scrutiny for its compliance with federal securities regulations, which may affect its reputation and financial standing [1]. - Investors who have incurred losses in Bgin Blockchain Limited are encouraged to contact legal representatives to explore options for recovering their losses [1].

Core Viewpoint - The Law Offices of Frank R. Cruz is investigating Bgin Blockchain Limited for potential violations of federal securities laws following its Initial Public Offering on October 21, 2025 [1] Group 1 - The investigation is on behalf of investors who may have lost money on Bgin Blockchain Limited [1] - The company is listed on NASDAQ under the ticker symbol BGIN [1]

Core Viewpoint - BGIN BLOCKCHAIN LIMITED has appointed MaloneBailey, LLP as its new independent registered public accounting firm, effective December 12, 2025, replacing ZH CPA, LLC, to enhance its auditing capabilities in the cryptocurrency sector [1][2]. Group 1: Company Overview - BGIN BLOCKCHAIN LIMITED is a digital asset technology company specializing in proprietary cryptocurrency mining technologies and manufacturing cryptocurrency mining hardware [3]. - The company aims to make crypto mining accessible to a wide range of users, from beginners to large-scale industrial miners, by developing innovative products tailored to various market needs [3]. - BGIN designs and manufactures mining machines under its ICERIVER brand, providing operational flexibility through advanced mining infrastructure and hosting services [3]. Group 2: Accounting Firm Transition - The decision to engage MaloneBailey was made after a comprehensive evaluation process and received approval from the Audit Committee and the Board of Directors [2]. - MaloneBailey is recognized for its extensive experience in auditing companies within the cryptocurrency sector, which aligns with BGIN's long-term growth objectives [2]. - The company expressed gratitude to ZH CPA, LLC for their dedicated service over the past four years [2].

Core Insights - BGIN Blockchain Limited faced significant challenges in the first half of 2025 due to a sharp decline in the market price of KAS coin, impacting demand for its mining machines and overall revenue [2][3] - The company pivoted its strategy by reallocating resources from low-margin mining pool revenues to scaling self-mining operations, resulting in a 164% increase in mining revenue to $30.8 million [2][11] - Total revenues for 1H 2025 were $47.7 million, a substantial decrease from $144.5 million in the same period of 2024 [3][10] Financial Performance - Mining revenue increased by 164.4% year-over-year to $30.8 million, primarily due to expanded deployment of KAS mining machines [11] - Revenue from sales of mining machines dropped to $9.7 million from $94.9 million in 1H 2024, reflecting decreased demand due to lower KAS prices [11] - Hosting services revenue remained stable at $2.3 million, while mining pool revenue fell to $4.8 million from $35.8 million in 2024 due to strategic shifts [11] Cost and Profitability - Costs of revenue decreased by 9.6% to $54.0 million, driven by lower costs in mining machine sales and mining pool operations, but offset by increased self-mining costs [4] - The company reported a gross loss of $6.3 million in 1H 2025, a significant decline from a gross profit of $84.8 million in the same period of 2024 [5][10] - Operating costs surged by 582.8% to $55.1 million, primarily due to a non-cash impairment charge and increased research and development expenses [6] Net Income and Shareholder Impact - Basic and diluted net loss per share was $0.56 in 1H 2025, compared to a net income per share of $0.59 in the same period of 2024 [7][10] - The company’s liquidity position remains strong, with a focus on strategic capital allocation towards proprietary R&D and mining farm investments [2]