SINGAPORE, Oct. 23, 2025 – BGIN BLOCKCHAIN LIMITED (“BGIN” or “the Company”) (Nasdaq: BGIN), a firm specializing in digital asset technology with proprietary cryptocurrency-mining solutions, confirmed today the completion of its initial public offering (the “Offering”). The Offering comprised 5,000,000 Class A ordinary shares, priced at US$6.00 per share. BGIN’s Class A ordinary shares commenced trading on the Nasdaq Global Market on October 21, 2025, using the ticker symbol “BGIN.”
The Company generated total gross proceeds of US$30 million from the Offering, prior to accounting for underwriting discounts and other associated expenses. BGIN plans to allocate the net proceeds from the Offering towards (i) acquiring and/or developing mining farms, (ii) advancing the research and development of new proprietary chips for cryptocurrency mining machinery, and (iii) general operational expenditures.
The Offering proceeded on a firm commitment underwriting basis. D. Boral Capital LLC served as the exclusive book-running manager for the Offering. Hunter Taubman Fischer & Li LLC LLP provided U.S. securities legal advice to the Company, while Robinson & Cole LLP advised D. Boral Capital LLC on U.S. securities matters pertinent to the Offering.
A Form F-1 registration statement concerning the Offering was submitted to, and subsequently declared effective by, the U.S. Securities and Exchange Commission (“SEC”). This Offering was conducted solely through a prospectus that formed part of the effective registration statement. The final prospectus for the Offering is available from D. Boral Capital LLC, located at 590 Madison Avenue, New York, NY 10022, reachable by email at info@dboralcapital.com or by phone at +1 (212) 970-5150. Furthermore, electronic copies of the final prospectus can be accessed through the SEC’s website at .
Prospective investors are advised to review the prospectus and any other documents the Company has filed or intends to file with the SEC for comprehensive details regarding the Company and the Offering before making an investment decision. This press release is not an offer to sell, nor a solicitation of an offer to purchase, any of the Company’s securities. Such securities may not be offered or sold in the United States without registration or an applicable exemption from registration, nor will any offer, solicitation, or sale occur in any state or jurisdiction where such actions would be prohibited before registration or qualification under the local securities laws.
About BGIN Blockchain Limited
BGIN BLOCKCHAIN LIMITED operates as a digital asset technology enterprise, possessing proprietary cryptocurrency-mining solutions. Historically, the company has concentrated on altcoins, utilizing its expertise in ASIC chip and mining machine design to tap into emerging prominent cryptocurrency markets, with a long-term strategic emphasis on self-mining operations. BGIN aims to democratize crypto mining by creating cutting-edge products suitable for diverse market segments, catering to both novice and large-scale industrial miners. Under its ICERIVER brand, BGIN engineers and produces mining machines, offering clients enhanced operational agility via sophisticated mining infrastructure and hosting options.
Safe Harbor Statement
This press release includes declarations that might be considered “forward-looking” statements under the “safe harbor” stipulations of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are identifiable by terms like “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and comparable expressions. Any statements not based on historical facts, including those pertaining to BGIN’s convictions, strategies, and projections, are deemed forward-looking. While BGIN considers the expectations conveyed in these forward-looking statements to be justifiable, there is no guarantee that they will materialize as predicted. BGIN advises investors that actual outcomes could substantially diverge from projected results and recommends investors examine additional elements that might influence its future performance, as detailed in the registration statement and other SEC submissions. Further considerations are outlined in BGIN’s SEC filings, accessible at www.sec.gov. All data presented in this press release is current as of its publication date, and BGIN disclaims any responsibility to revise any forward-looking statement, except where legally mandated.
For investor and media inquiries, please contact:
BGIN Blockchain Limited
Investor Relations
Robin Yang
Media Relations
Brad Burgess
