WIPO Panel Orders Transfer of Disputed Domain Name Based on BGIN’s Registered TrademarksSINGAPORE, March 26, 2026 (GLOBE NEWSWIRE) -- BGIN BLOCKCHAIN LIMITED (“BGIN” or the “Company”; NASDAQ: BGIN), a digital asset technology company with proprietary cryptocurrency mining technologies and a manufacturer of cryptocurrency mining hardware, today announced a favorable result in an intellectual property dispute concerning unauthorized use of its ICERIVER® trademark. On March 4, 2026, a panel appointed by the Wo ...

Core Insights - BGIN BLOCKCHAIN LIMITED has achieved first-pass silicon success in its 4nm BT1 Bitcoin mining ASIC chip, marking a significant milestone in its Bitcoin mining chip program [1][3] - The BT1 chip has entered system-level testing and production preparation, representing the company's seventh consecutive successful tape-out since 2022, indicating a strong execution track record [2] Company Strategy - The successful tape-out of the BT1 chip signifies BGIN's strategic shift from peripheral hash power to mainstream Bitcoin mining infrastructure, viewing Bitcoin as a critical layer of global digital infrastructure rather than a speculative opportunity [3] - The company aims to provide best-in-class value in the industry through rigorous cost control and is conducting comprehensive performance and stability testing of the chip [3] Future Developments - Achieving first-pass silicon success reduces development risk and supports BGIN's confidence in executing a multi-generation Bitcoin mining roadmap [3] - The company has begun early development on next-generation advanced architecture to improve energy efficiency in its chips [3] Company Overview - BGIN BLOCKCHAIN LIMITED specializes in digital asset technology and cryptocurrency mining, focusing on self-mining and innovative products tailored to various market needs [4] - The company designs and manufactures mining machines under the ICERIVER brand, providing operational flexibility through advanced mining infrastructure and hosting services [4]

Core Insights - Canaan reported a 121.1% year-over-year revenue increase to $196.3 million for Q4 2025, achieving a gross profit of $14.6 million, reversing a loss from the previous year [1][4] - The growth was driven by record sales of computing power, totaling 14.6 EH/s, generating $118.6 million in revenue, with significant orders from North American clients [2] - Despite revenue growth, Canaan posted a net loss of $85.0 million for the quarter, primarily due to a $44.3 million fair value loss on cryptocurrency holdings and $13.9 million in inventory write-downs [4] Revenue and Sales Performance - Canaan's full-year revenue reached $529.7 million, nearly doubling from $269.3 million in 2024 [4] - The company mined 300 bitcoin in Q4, generating $30.4 million in mining revenue, a 98.5% increase year-over-year [3] Market Conditions and Challenges - Management highlighted ongoing market volatility as a significant challenge, with intensified crypto market fluctuations noted by CFO Jin Cheng [5] Future Outlook - Canaan provided Q1 2026 revenue guidance of $60 million to $70 million and plans to expand its focus beyond hardware sales to include energy infrastructure [6] - The company aims to integrate bitcoin mining with AI and high-performance computing workloads to enhance capital efficiency, viewing this convergence as a long-term opportunity [7]

Core Insights - Canaan reported strong fourth-quarter revenue of $196 million, driven by significant orders and record computing power sales, despite market volatility impacting profitability [3][4][7]. Financial Performance - Fourth-quarter revenue was $196 million, representing a 30.4% increase quarter-over-quarter and a 121.1% increase year-over-year, exceeding the company's guidance range [3][4][7]. - Product revenue reached $165 million, up 39.1% quarter-over-quarter and 124.5% year-over-year, although average selling prices declined slightly due to volume discounts [2][3]. - The company experienced an adjusted EBITDA loss of $40.5 million, attributed to inventory write-downs and non-cash fair value losses on digital assets [6][10]. Market Dynamics - Revenue from North American customers accounted for $125 million, over 75% of total product sales, reflecting strong demand from institutional miners [1][4][7]. - Bitcoin prices experienced significant volatility, impacting market conditions and miners' profitability, with prices fluctuating from approximately $126,000 to below $90,000 within the quarter [8][19]. Operational Highlights - Canaan secured a large order of over 50,000 A15 Pro models, contributing to an all-time high of 14.6 EH/s in computing power sold, a 45.7% sequential increase and a 60.9% year-over-year increase [2][4][7]. - The total installed hash rate rose 8.6% quarter-over-quarter to 9.91 EH/s, with 7.7 EH/s energized, and the company mined approximately 300 bitcoins during the quarter [11]. Liquidity and Asset Management - The company holds approximately 1,750 BTC and 3,951–3,961 ETH, valued at around $166 million at year-end, and finished the quarter with $81 million in cash [5][12]. - Operating expenses were reduced to $38 million, down 6% sequentially, reflecting a focus on core projects and organizational streamlining [13]. Future Outlook - For Q1 2026, Canaan guided revenue expectations of $60 million to $70 million, taking a cautious approach amid market uncertainty [5][19]. - The company plans to shift towards a more systematic approach in power and infrastructure development, aiming for substantial load capacity by year-end 2026 [18][22].

Core Viewpoint - Canaan, a Bitcoin mining hardware manufacturer, has until July to raise its share price above $1 for at least 10 consecutive days to avoid delisting from Nasdaq [1][2]. Group 1: Share Price and Compliance - Canaan's current share price is $0.79, and it has not traded above $5 since 2022, with the last closing above $2 occurring in October [3]. - If Canaan fails to comply with Nasdaq's requirements, the exchange may grant additional time for compliance, and other companies have utilized reverse stock splits to increase their share price [2]. Group 2: Recent Developments and Orders - In October, Canaan announced a significant order for 50,000 Avalon A15 Pro mining rigs, marking the largest order in three years, which initially boosted the stock price by 25% [3][4]. - However, the positive investor sentiment was short-lived, as evidenced by the exit of Streeterville Capital, Canaan's largest institutional holder, which divested a position worth approximately $439 million on December 12 [5]. Group 3: Industry Context - Canaan is not alone in facing delisting warnings, as other companies, such as Kindly MD, have received similar notifications from Nasdaq regarding share price compliance [6].

Core Insights - Canaan reported a record revenue of $150 million in the latest quarter, marking a 104% year-over-year increase and a 50% quarter-over-quarter increase, with guidance for Q4 revenue between $175 million and $205 million [5][6][7] Company Overview - Canaan, founded in 2013, specializes in designing ASICs for bitcoin mining and has developed 16 generations of these chips, which have displaced GPU and CPU mining due to their higher efficiency [2][20] - The company operates close to 1% of the global hash rate and has sold products in 86 countries [1][20] Product Development - Canaan launched its next-generation Avalon A16 and A16 XP miners, achieving energy efficiency as low as 12.8 J/TH, and is expanding its consumer "home mining" units [5][10] - The company offers a range of mining machines, including air-cooled and hydro-cooled systems, and has patents related to immersion-cooled systems [11][12] Revenue Diversification - The business model is shifting, with approximately 70% of revenue from machine sales, 20% from self-mining, and 8% from home mining equipment sales [4][7] - Self-mining operations are primarily structured through partnerships, with a reported gross margin of 26.3% [13] Financial Performance - Canaan's gross profit for the latest quarter was $16.6 million, up 79% quarter-over-quarter, while the operating loss narrowed to $23.9 million [9] - The company held approximately 1,750 BTC at year-end, with a bitcoin treasury of 1,610 bitcoins as of October 30 [9][14] Strategic Initiatives - Canaan is involved in nine mining projects across the U.S., Ethiopia, and Canada, focusing on alternative energy initiatives such as gas-to-compute and greenhouse heat reuse [4][15][14] - The company has launched a share buyback program, believing its shares are undervalued [19] Market Position - Canaan is positioned as a second provider in terms of hash rate delivered, gaining market share due to machine durability and maintenance support [19] - The company has manufacturing facilities in California, Malaysia, and China, which helps mitigate tariff risks [17]

Core Insights - BlockQuarry Corp. has received an overwhelming market response to the preorders for its BLQCBuster™ crypto mining platform, indicating strong demand for American-manufactured cryptocurrency mining solutions [1][2] Market Demand and Response - Following the public debut of the BLQCBuster™ at the Mining Disrupt Conference, there has been significant interest from institutional and enterprise-scale operators, highlighting a critical market demand for domestic, high-uptime hardware [2][3] - Early feedback from the preorder launch shows urgent interest in integrating the BLQCBuster's modular architecture into existing infrastructure [3] Strategic Initiatives - BlockQuarry is in active discussions with key attendees from the Dallas conference to establish a "First-Off-Line" program, allowing select clients to receive initial production units for performance validation before larger-scale contracts [3][4] - The CEO of BlockQuarry stated that the initial response has exceeded internal projections, emphasizing the industry's need for reliable U.S.-manufactured solutions [4] Product Features - The BLQCBuster™ is engineered in New York and manufactured in York, Pennsylvania, featuring high efficiency powered by ASIC chips, a 2U rack-mountable design with hot-swappable nodes, and patent-pending Dynamic Superbalancing technology to maintain uptime [4][8] - The company emphasizes American-made support, with technicians trained by the engineers who designed the BLQCBuster, ensuring reliable service [8] Company Overview - BlockQuarry Corp. specializes in developing advanced, scalable mining technology that addresses market demands for domestic supply chain security and operational support [6] - The company aims to provide secure, sustainable, and economically viable infrastructure solutions for cryptocurrency mining, AI, and high-performance computing applications [6]

Core Insights - Bitmain is aggressively cutting prices on various generations of Bitcoin mining hardware to address pressures in the mining sector [1][3][9] Pricing Strategies - Discounts are being offered on both older and newer models, indicating a strategy to clear inventory amid strained mining economics [3][9] - Specific promotions include a bundle deal for four S19 XP+ Hydro units at an effective price of approximately $4 per terahash, with shipments starting in January 2026 [4][9] - An auction for the S19k Pro model began with a starting bid of $5.5 per terahash, with final prices determined post-bidding, and deliveries expected in December 2025 [5] Internal Pricing and Discounts - Internal price lists reveal that as of December 22, prices for S19e XP Hydro and 3U S19 XP Hydro units were as low as $3 per terahash, while S19 XP+ Hydro machines were around $4 per terahash [6][9] - Newer models like S21 Immersion miners were priced at approximately $7 per terahash, and S21+ Hydro machines near $8 per terahash before applying coupons [7] Bundled Sales and Hosting Services - Bitmain is combining hardware discounts with hosting services to stimulate demand and facilitate equipment sales [9] - Hosting rates range from 5.5 to 7 cents per kilowatt-hour across various jurisdictions, including the United States and several countries in South America and Africa [8]

Core Insights - Bitdeer Technologies Group is establishing a bitcoin mining ASIC manufacturing facility near Reno, Nevada, to enhance its production capabilities and address operational challenges [1][2] Group 1: Facility and Expansion - Bitdeer has leased 187,632 square feet of industrial space in Sparks, Nevada, for the production of its SEALMINER bitcoin mining computer line [2] - The facility will serve as Bitdeer's primary U.S. assembly hub for mining rigs, with customized improvements to support manufacturing [3][4] - The location was chosen for its logistics capabilities, workforce availability, and business-friendly environment, which includes proximity to Silicon Valley and access to a skilled labor pool [4] Group 2: Operational Challenges - The company is facing delays in the design of its SEAL04 ASIC chip for the SEALMINER A4, which did not meet performance expectations, prompting plans for an improved version [5] - Bitdeer is under legal scrutiny due to a class action lawsuit alleging misleading information regarding the production schedule of the SEAL04 ASIC chip, with claims that the company assured investors of timely mass production by 2025 [6] Group 3: Market Reaction - Following the announcement of the new manufacturing facility, Bitdeer's shares rose by 3.68% at market open [7]

Core Viewpoint - Bitdeer Technologies Group is facing a class action lawsuit due to significant financial losses and misleading statements regarding its product development, particularly the Seal 04 ASIC chip, which has been delayed contrary to previous positive assertions [2][4]. Financial Performance - On November 10, 2025, Bitdeer reported a per-share loss of $1.28 for Q3 2025, significantly worse than the expected loss of $0.22, indicating a substantial financial setback for the company [2]. - Following the announcement, Bitdeer's stock price dropped by $2.63, or 14.9%, closing at $15.02 per share on November 11, 2025, reflecting investor reaction to the disappointing results [3]. Product Development Issues - The company disclosed that the development of its next-generation Seal 04 ASIC chip has been substantially delayed, which contradicts earlier positive statements made by Bitdeer regarding the chip's readiness and efficiency [2][4]. - The Seal 04 chip was projected to have a chip-level energy efficiency of 5 J/TH and was expected to be ready for mass production in Q2 2025, but this timeline has not been met [4]. Legal Proceedings - A class action lawsuit has been filed on behalf of investors who purchased Bitdeer securities between June 6, 2024, and November 10, 2025, with a deadline of February 2, 2026, to file a lead plaintiff motion [1][5]. - The lawsuit alleges that Bitdeer made materially false and misleading statements and failed to disclose adverse facts about its business and operations during the class period [4].