BGIN Launches ASIC Chip Customization Solutions Business
BGIN Blockchain announced the launch of its ASIC Chip Customization Solutions Business timed with the completion of its first customer hardware delivery. BGIN has previously developed proprietary ASIC mining hardware for multiple cryptocurrency projects, including KAS, ALPH, and ALEO, and most recently completed the successful tape-out of its 4nm BT1 Bitcoin mining chip in March 2026. These capabilities have historically served the Company's proprietary mining hardware product lines and ICERIVER-brand products. Distinct from BGIN's historical business model centered on the sale of proprietary-branded mining hardware, the ASIC Chip Customization Solutions business makes the Company's long-standing internal capabilities available to external parties for the first time. BGIN has also completed the initial hardware customer delivery within the new ASIC Chip Customization Solutions business. This project involves the delivery of customized mining hardware by the Company to a PoW protocol project customer. BGIN completed an initial production batch of 3,000 customized PoW mining machines under a hybrid distribution arrangement: 2,400 units have been delivered directly to the customer, while the remaining 600 units will be made available to end users through the ICERIVER official sales channel as the retail distribution component of this customized project, subject to final listing schedule, inventory considerations, and applicable commercial arrangements.
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BGIN Blockchain Launches ASIC Chip Customization Solutions Business
- Business Launch: BGIN Blockchain Limited has announced the launch of its ASIC Chip Customization Solutions business, marking the first time the company's extensive ASIC chip design and mining hardware engineering experience is available to external customers, which is expected to create new revenue streams.
- Customer Delivery Completed: The company has successfully delivered an initial batch of 3,000 customized PoW mining machines, with 2,400 units delivered directly to the customer and 600 units available through the ICERIVER sales channel, demonstrating the company's capability in customized hardware delivery and market demand.
- Integration of Technical Advantages: BGIN leverages its expertise in ASIC chip design and hardware optimization to provide comprehensive services from chip design to system integration, aiming to meet specific computing needs of third-party customers and enhance market competitiveness.
- Future Growth Potential: The company plans to continue evaluating opportunities to commercialize its ASIC chip design and hardware engineering capabilities, further expanding its business scope, which may positively impact the company's long-term growth.
Cryptocurrency Gains Boost Mining Stocks: Bitcoin Up 1.5%, Ethereum Up 0.6%, Solana Up 1%; Cipher Soars 16%, Bgin Rises 11%, APLD Increases 7%, IREN and RIOT Also See Gains.
Cryptocurrency Market Performance: Major cryptocurrencies like Bitcoin, Ethereum, and Solana have seen slight increases, with Bitcoin up by 1.5%, Ethereum by 0.6%, and Solana by 1%.
Mining Stocks Surge: Mining stocks are experiencing significant gains, with notable increases in companies such as Cipher (+16%), Bgins (+11%), and APLD (+7%).
Overall Market Sentiment: The positive movement in both cryptocurrencies and mining stocks indicates a bullish sentiment in the market.
Additional Companies Rising: Other companies in the sector, including IREN and RIOT, are also showing upward trends in their stock prices.
BGIN Blockchain Unveils Portable Bitcoin Miner Prototype
- Product Launch: BGIN showcased its PortableBTC prototype miner at the Bitcoin 2026 conference in Las Vegas, marking the company's entry into Bitcoin mining hardware development and aligning with its vision of 'Crypto for All'.
- Technological Innovation: Powered by the BT1 chip, this prototype signifies a crucial milestone in ICERIVER's Bitcoin mining hardware journey, although it is not for commercial sale, it demonstrates BGIN's capabilities in ASIC design and system validation.
- Industry Discussion: BGIN's Chief Corporate Development Officer, Rezwan Mirza, participated in a panel titled 'The Future of Mining Hardware', emphasizing the importance of full-stack capabilities in Bitcoin mining competition, including ASIC design, machine manufacturing, and operational efficiency.
- Market Strategy: BGIN aims to promote the accessibility of cryptocurrency mining by developing consumer-oriented Bitcoin mining products, which is expected to enhance its competitiveness in the rapidly evolving digital asset market.
BGIN Blockchain Reports $177 Million Net Loss for 2025
- Significant Revenue Decline: BGIN reported total revenue of $67.4 million for 2025, a staggering 78% drop from $302.3 million in 2024, primarily due to decreased mining pool and machine sales revenue, indicating mounting pressure in a competitive market.
- Net Loss Escalation: The company faced a net loss of $177 million in 2025, contrasting sharply with a net income of $66.1 million in 2024, reflecting substantial non-cash losses and asset impairments during its strategic transformation.
- Dramatic Drop in Mining Machine Sales: Sales of mining machines plummeted to $15.3 million in 2025 from $192.2 million in 2024, with units sold decreasing from 102,849 to 9,410, highlighting a severe decline in market demand and intensified competition.
- Strategic Shift Towards Bitcoin: BGIN aims to focus on Bitcoin and Dogecoin mining in 2026, intending to enhance market competitiveness through new mining technologies and cloud mining services, which, despite short-term financial challenges, could lay the groundwork for long-term growth.
Bgin Blockchain Reports Increased Losses in FY Results
- Increased Losses: Bgin Blockchain Limited reported a FY GAAP EPS of -$1.62, indicating a significant decline in profitability that could negatively impact investor confidence and market perception.
- Revenue Decline: The company’s revenue of $67.4 million represents a staggering 77.7% year-over-year decrease, suggesting severe operational challenges that may necessitate a reevaluation of its market strategy to address ongoing revenue pressures.
- Cash Reserves Dwindling: As of December 31, 2025, the company had $26.3 million in cash, a sharp decline from $114.8 million on December 31, 2024, highlighting increasing liquidity risks that could affect future operations and investment capabilities.
- Challenging Market Environment: Bgin Blockchain faces pressures from the DeFi sector and high short interest among crypto firms, with peak short interest reaching up to $2 billion in market cap, potentially intensifying competition and operational difficulties.
BGIN BLOCKCHAIN LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE COMPLETE YEAR OF 2025
Financial Performance: The report outlines the unaudited financial results for the year 2025, indicating the company's overall performance and key financial metrics.
Revenue Insights: It provides insights into revenue generation, highlighting significant growth areas and potential challenges faced during the fiscal year.
Operational Highlights: The report discusses operational achievements and strategic initiatives that contributed to the company's performance in 2025.
Future Outlook: It concludes with a forward-looking statement regarding the company's expectations and strategic direction for the upcoming years.
BGIN Blockchain Launches ASIC Chip Customization Solutions Business
- Business Launch: BGIN Blockchain Limited has announced the launch of its ASIC Chip Customization Solutions business, marking the first time the company's extensive ASIC chip design and mining hardware engineering experience is available to external customers, which is expected to create new revenue streams.
- Customer Delivery Completed: The company has successfully delivered an initial batch of 3,000 customized PoW mining machines, with 2,400 units delivered directly to the customer and 600 units available through the ICERIVER sales channel, demonstrating the company's capability in customized hardware delivery and market demand.
- Integration of Technical Advantages: BGIN leverages its expertise in ASIC chip design and hardware optimization to provide comprehensive services from chip design to system integration, aiming to meet specific computing needs of third-party customers and enhance market competitiveness.
- Future Growth Potential: The company plans to continue evaluating opportunities to commercialize its ASIC chip design and hardware engineering capabilities, further expanding its business scope, which may positively impact the company's long-term growth.
Cryptocurrency Gains Boost Mining Stocks: Bitcoin Up 1.5%, Ethereum Up 0.6%, Solana Up 1%; Cipher Soars 16%, Bgin Rises 11%, APLD Increases 7%, IREN and RIOT Also See Gains.
Cryptocurrency Market Performance: Major cryptocurrencies like Bitcoin, Ethereum, and Solana have seen slight increases, with Bitcoin up by 1.5%, Ethereum by 0.6%, and Solana by 1%.
Mining Stocks Surge: Mining stocks are experiencing significant gains, with notable increases in companies such as Cipher (+16%), Bgins (+11%), and APLD (+7%).
Overall Market Sentiment: The positive movement in both cryptocurrencies and mining stocks indicates a bullish sentiment in the market.
Additional Companies Rising: Other companies in the sector, including IREN and RIOT, are also showing upward trends in their stock prices.
BGIN Blockchain Unveils Portable Bitcoin Miner Prototype
- Product Launch: BGIN showcased its PortableBTC prototype miner at the Bitcoin 2026 conference in Las Vegas, marking the company's entry into Bitcoin mining hardware development and aligning with its vision of 'Crypto for All'.
- Technological Innovation: Powered by the BT1 chip, this prototype signifies a crucial milestone in ICERIVER's Bitcoin mining hardware journey, although it is not for commercial sale, it demonstrates BGIN's capabilities in ASIC design and system validation.
- Industry Discussion: BGIN's Chief Corporate Development Officer, Rezwan Mirza, participated in a panel titled 'The Future of Mining Hardware', emphasizing the importance of full-stack capabilities in Bitcoin mining competition, including ASIC design, machine manufacturing, and operational efficiency.
- Market Strategy: BGIN aims to promote the accessibility of cryptocurrency mining by developing consumer-oriented Bitcoin mining products, which is expected to enhance its competitiveness in the rapidly evolving digital asset market.
BGIN Blockchain Reports $177 Million Net Loss for 2025
- Significant Revenue Decline: BGIN reported total revenue of $67.4 million for 2025, a staggering 78% drop from $302.3 million in 2024, primarily due to decreased mining pool and machine sales revenue, indicating mounting pressure in a competitive market.
- Net Loss Escalation: The company faced a net loss of $177 million in 2025, contrasting sharply with a net income of $66.1 million in 2024, reflecting substantial non-cash losses and asset impairments during its strategic transformation.
- Dramatic Drop in Mining Machine Sales: Sales of mining machines plummeted to $15.3 million in 2025 from $192.2 million in 2024, with units sold decreasing from 102,849 to 9,410, highlighting a severe decline in market demand and intensified competition.
- Strategic Shift Towards Bitcoin: BGIN aims to focus on Bitcoin and Dogecoin mining in 2026, intending to enhance market competitiveness through new mining technologies and cloud mining services, which, despite short-term financial challenges, could lay the groundwork for long-term growth.
Bgin Blockchain Reports Increased Losses in FY Results
- Increased Losses: Bgin Blockchain Limited reported a FY GAAP EPS of -$1.62, indicating a significant decline in profitability that could negatively impact investor confidence and market perception.
- Revenue Decline: The company’s revenue of $67.4 million represents a staggering 77.7% year-over-year decrease, suggesting severe operational challenges that may necessitate a reevaluation of its market strategy to address ongoing revenue pressures.
- Cash Reserves Dwindling: As of December 31, 2025, the company had $26.3 million in cash, a sharp decline from $114.8 million on December 31, 2024, highlighting increasing liquidity risks that could affect future operations and investment capabilities.
- Challenging Market Environment: Bgin Blockchain faces pressures from the DeFi sector and high short interest among crypto firms, with peak short interest reaching up to $2 billion in market cap, potentially intensifying competition and operational difficulties.
BGIN BLOCKCHAIN LIMITED ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE COMPLETE YEAR OF 2025
Financial Performance: The report outlines the unaudited financial results for the year 2025, indicating the company's overall performance and key financial metrics.
Revenue Insights: It provides insights into revenue generation, highlighting significant growth areas and potential challenges faced during the fiscal year.
Operational Highlights: The report discusses operational achievements and strategic initiatives that contributed to the company's performance in 2025.
Future Outlook: It concludes with a forward-looking statement regarding the company's expectations and strategic direction for the upcoming years.
