Core Insights - BGIN Blockchain Limited has announced the operational readiness of its first industrial-grade cryptocurrency mining hardware, the ALEO AE3 miner, designed for the ALEO network, focusing on high computational power and energy efficiency [1][2]. Mining Efficiency - The ALEO AE3 miner features a hashrate of 2 GH/s (±5%) and a power consumption of 3400W (±10%), achieving an energy efficiency rating of 1.70 J/M [2]. Reliability and Scalability - The ALEO AE3 miner is built to enterprise-grade standards, ensuring stable operation in demanding environments, with a compact design for easy deployment and management [3]. Availability and Pricing - The ALEO AE3 is available for pre-order at a price of $5,999 per unit, with shipping starting the week of November 10, 2025, for the first batch [4]. Company Overview - BGIN Blockchain Limited specializes in digital asset technology and cryptocurrency mining, focusing on innovative products for various market needs, from beginners to large-scale miners, under its ICERIVER brand [6].

Core Insights - BGIN Blockchain Limited is set to launch its BT1 series of Bitcoin mining machines in Q1 2026, marking a strategic expansion into the Bitcoin market leveraging its expertise in ASIC chip design [1][5] - The BT1 model has successfully entered the tape-out phase, a critical milestone in chip development, following the completion of design and simulation verification [2] - The BT1 series will utilize proprietary ASIC chips developed by BGIN's international R&D team, enhancing the company's capabilities in blockchain technology and electronics [3] Advanced Technology and Performance - The BT1 series is expected to deliver industry-leading efficiency and performance, building on the success of the KS7 model, which achieved a hash rate of up to 30 TH/s, doubling the performance of previous models [4] - The development of the BT1 series is seen as a pivotal moment in BGIN's growth trajectory, with the company aiming to provide efficient Bitcoin mining solutions [5] Product Portfolio and Market Position - The BT1 series will be part of BGIN's expanding portfolio of proprietary ICERIVER® mining solutions, which are designed to cater to various market needs from beginners to large-scale industrial miners [6]

Core Points - BGIN Blockchain Limited has successfully closed its initial public offering, raising US$30 million by offering 5,000,000 Class A ordinary shares at US$6.00 per share, with trading commencing on October 21, 2025 [1] - The company plans to utilize the net proceeds for the purchase and construction of mining farms, research and development of new proprietary chips for cryptocurrency mining machines, and general corporate purposes [1] Company Overview - BGIN Blockchain Limited is a digital asset technology company specializing in proprietary cryptocurrency-mining technologies, focusing on altcoins and leveraging its expertise in designing ASIC chips and mining machines [5] - The company's mission is to make crypto mining accessible to all by developing innovative products tailored to various market needs, from beginners to large-scale industrial miners [5] - BGIN designs and manufactures mining machines under the ICERIVER brand, providing operational flexibility through advanced mining infrastructure and hosting services [5] Offering Details - The offering was conducted on a firm commitment basis, with D. Boral Capital LLC serving as the sole book-running manager [2] - A registration statement on Form F-1 related to the offering was filed and declared effective by the U.S. Securities and Exchange Commission [3]

Core Viewpoint - Bgin Blockchain has successfully launched its IPO on NASDAQ, pricing shares at $6, raising $30 million, but experienced a 17.33% drop on the first trading day [1] Company Overview - Bgin Blockchain focuses on the production of alternative cryptocurrency mining equipment and has developed proprietary mining technology [1] - The company has shifted its revenue model, with mining machine sales becoming the primary source of income since April 2023, previously relying almost entirely on cryptocurrency mining [1] Product and Market - Bgin designs and sells mining machines equipped with its own 8nm or 12nm ASIC chips, targeting specific cryptocurrencies such as KAS, ALPH, and RXD [1] - Sales are conducted exclusively through the company's official website, with customers primarily located in Hong Kong, the United States, and Southeast Asia [1] Financial Performance - Bgin Blockchain, established in 2019, is projected to achieve revenues of $302 million for the 12 months ending December 31, 2024 [1]

Core Viewpoint - BGIN Blockchain Limited is set to launch its initial public offering (IPO) of 5,000,000 Class A ordinary shares at a price of US$6.00 per share, aiming to raise approximately US$30 million before expenses [1][2]. Group 1: Offering Details - The IPO is expected to close on or about October 22, 2025, subject to customary closing conditions [1]. - The underwriters have an over-allotment option to purchase up to 15% additional Class A ordinary shares within 45 days after the closing of the offering [1]. - The offering is being conducted on a firm commitment basis, with D. Boral Capital LLC serving as the sole book-running manager [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the purchase and/or construction of mining farms, research and development of new proprietary chips for cryptocurrency mining machines, and general corporate purposes [2]. Group 3: Company Overview - BGIN Blockchain Limited specializes in digital asset technology with proprietary cryptocurrency-mining technologies, focusing on altcoins and ASIC chip design [7]. - The company aims to make crypto mining accessible to a wide range of users, from beginners to large-scale industrial miners, through innovative products and advanced mining infrastructure [7].

As filed with the U.S. Securities and Exchange Commission on September 26, 2025. Registration No. 333-285108 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ AMENDMENT NO. 6 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________ BGIN BLOCKCHAIN LIMITED (Exact name of registrant as specified in its charter) ________________ | Cayman Islands | 7374 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard ...

As filed with the U.S. Securities and Exchange Commission on September 11, 2025. Registration No. 333-285108 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 5 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________ BGIN BLOCKCHAIN LIMITED (Exact name of registrant as specified in its charter) ________________ Cayman Islands 7374 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classif ...

As filed with the U.S. Securities and Exchange Commission on July 31, 2025. Registration No. 333-285108 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 4 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________ BGIN BLOCKCHAIN LIMITED (Exact name of registrant as specified in its charter) ________________ Cayman Islands 7374 N ...

As filed with the U.S. Securities and Exchange Commission on March 25, 2025. Registration No. 333-285108 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Cogency Global Inc. 122 East 42 nd Street, 18 th Floor New York, NY 10168 (212) 947-7200 ________________ AMENDMENT NO. 3 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________ BGIN BLOCKCHAIN LIMITED (Exact name of registrant as specified in its charter) ________________ | Cayman Islands | 7374 | Not Ap ...

As filed with the U.S. Securities and Exchange Commission on March 20, 2025. Registration No. 333-285108 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ AMENDMENT NO. 2 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________ BGIN BLOCKCHAIN LIMITED (Exact name of registrant as specified in its charter) ________________ Cayman Islands 7374 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Indus ...