BGIN Blockchain Limited Announces Initial Public Offering
In a significant move for the cryptocurrency mining sector, BGIN Blockchain Limited has officially unveiled its plans for an Initial Public Offering (IPO). This marks an exciting chapter for the digital asset technology company, known for its innovative cryptocurrency-mining technologies and a commitment to advancing the mining industry.
Offering Overview
On October 20, 2025, BGIN announced the pricing of its IPO, offering 5,000,000 Class A ordinary shares at a public offering price of $6.00 per share. The shares have been approved for listing on the Nasdaq Global Market, and trading is set to begin on October 21, 2025, under the ticker symbol "BGIN." The total gross proceeds from this offering are projected to reach approximately $30 million, before accounting for underwriting discounts and related expenses. Additionally, there is an over-allotment option that allows underwriters to purchase up to 15% more Class A shares within 45 days after the close of the offering.
Use of Proceeds
BGIN plans to judiciously utilize the net proceeds from the IPO in several impactful ways. Key allocations will include:
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Purchasing or Constructing Mining Farms: This is a vital step for expanding operational capacity and positioning BGIN as a leader in the mining domain.
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Research and Development: Investment in developing new proprietary chips for cryptocurrency mining machines aims to enhance efficiency and productivity.
- General Corporate Purposes: Funds may also support various corporate needs, bolstering the company’s infrastructure.
IPO Management
The offering is being conducted on a firm commitment basis, with D. Boral Capital LLC acting as the sole book-running manager. The timeframe for the closing of this offering is anticipated around October 22, 2025, subject to customary closing conditions.
Regulatory Details
A registration statement pertaining to this IPO was filed with the U.S. Securities and Exchange Commission (SEC) and received effective status on September 30, 2025. The registration process underscores BGIN’s commitment to transparency and compliance within the traditional financial ecosystem, providing investors with confidence in the legitimacy of the offering.
It is essential to highlight that this press release does not serve as an offer to sell or a solicitation of any offer to buy the securities. Interested parties must refer to the official prospectus, which contains crucial details about the offering, including the associated risks.
About BGIN Blockchain Limited
BGIN Blockchain Limited operates within the digital asset space with its proprietary cryptocurrency-mining technologies. Historically focusing on altcoins, the company leverages its extensive experience in designing ASIC chips and mining machines. This enables BGIN to tap into burgeoning cryptocurrency markets while strategically engaging in self-mining initiatives.
Their mission is to democratize crypto mining, making it accessible for everyone—from beginner enthusiasts to large-scale industrial operations. BGIN not only designs and manufactures innovative mining machines under its ICERIVER brand, but it also seeks to provide enhanced operational flexibility through advanced mining infrastructure and hosting services.
Forward-Looking Statements
It is important to note that, in line with the U.S. Private Securities Litigation Reform Act of 1995, this announcement contains “forward-looking” statements. These phrases often include words such as “will,” “expects,” “intends,” and “anticipates.” While BGIN believes that its outlooks are reasonable, actual outcomes may diverge from those anticipated, influenced by various factors discussed in its SEC filings.
Investor and Media Relations
BGIN is keen to engage with potential investors and media partners to further discuss the IPO and its implications for the future of cryptocurrency mining. For investor or media inquiries, detailed contact information is provided for direct communication with their investor relations and media teams.
Through its strategic choices and forward-thinking initiatives, BGIN Blockchain Limited is poised to make a profound impact in the cryptocurrency landscape. The upcoming IPO is a notable step that could pave the way for new opportunities in an ever-evolving market.