SINGAPORE, March 17, 2026 — BGIN BLOCKCHAIN LIMITED (“BGIN” or the “Company”; NASDAQ: BGIN), a digital asset technology firm specializing in proprietary cryptocurrency mining technologies and hardware manufacturing, today reported the successful first-pass silicon achievement for its 4nm BT1 Bitcoin mining ASIC chip. This chip is the Company’s inaugural proprietary design created exclusively for Bitcoin mining. This success signifies a key milestone for the Company’s Bitcoin mining chip initiative, which commenced its tape-out phase in October 2025 and has now attained first-pass silicon success.
Following the completed tape-out, the BT1 chip has progressed into system-level testing and preparations for production. This accomplishment marks the Company’s seventh straight successful tape-out in its ASIC mining chip programs since 2022, underscoring a consistent record of effective execution.
“The BT1 chip’s successful tape-out is a major step for BGIN as we move into Bitcoin mining infrastructure. We are progressing in our strategic shift from peripheral hash power provision to mainstream mining infrastructure development,” stated Oisin Li, Chairman of BGIN. “Altcoin mining served as our foundational experience; Bitcoin represents the arena where we implement those learnings on a larger scale. This transition from Altcoin to Bitcoin illustrates the logical advancement of our engineering prowess and a deliberate strategy to concentrate on the most durable and infrastructure-oriented part of the digital asset ecosystem. We regard Bitcoin not as a speculative venture, but as an essential component of worldwide digital infrastructure.”
“This accomplishment allows us to conclude one of the most high-risk and capital-demanding stages in chip development,” said Allen Wu, Chief Executive Officer of BGIN. “It proves our ongoing progress in research and development execution on advanced process nodes within the sector. We are currently performing thorough performance and stability evaluations on the chip, which will be succeeded by system-level integration and refinement to guarantee mining machine efficacy under ideal operating environments. Our goal is to deliver top-tier value in this industry through stringent cost management.”
Attaining first-pass silicon success aids in lowering development risk, bolstering the Company’s assurance in carrying out a multi-generation roadmap for Bitcoin mining. BGIN has also initiated preliminary development work on a next-generation advanced architecture designed to enhance the energy efficiency of its chips.
About BGIN BLOCKCHAIN LIMITED
BGIN BLOCKCHAIN LIMITED (NASDAQ: BGIN) is a digital asset technology company that utilizes its proprietary cryptocurrency-mining technologies, drawing on its expertise in ASIC chip and mining machine design to access new cryptocurrency prospects and pursue a long-term strategic emphasis on self-mining. BGIN aims to democratize crypto mining by creating innovative products suited to diverse market demands, ranging from novices to major industrial mining operations. The Company designs and produces mining machines under its ICERIVER brand, offering customers operational adaptability via sophisticated mining infrastructure and hosting solutions.
For more information, please visit: www.bgin.com or www.iceriver.io.
Safe Harbor Statement
This press release includes statements that may be deemed “forward-looking” as defined by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” “target,” “project,” “potential,” “seek,” “may,” “should,” “could,” “would,” and comparable expressions or their negatives can identify these forward-looking statements. Statements that are not historical facts, including, without limitation, those regarding the Company’s expectations for chip performance and validation, production readiness and schedules, system-level testing and integration, next-generation chip development, customer sample testing and pre-order talks, and the Company’s strategic goals and plans, are forward-looking statements. While BGIN considers the expectations in these forward-looking statements to be reasonable, it cannot guarantee their accuracy. BGIN warns investors that actual outcomes may vary significantly from anticipated results and advises investors to examine other factors that could influence its future performance, as detailed in BGIN’s submissions with the U.S. Securities and Exchange Commission (the “SEC”). Further factors are addressed in BGIN’s SEC filings, accessible at www.sec.gov. All information in this press release is current as of its date, and BGIN assumes no duty to revise any forward-looking statement, except as mandated by applicable law.
For investor and media inquiries, please contact:
BGIN BLOCKCHAIN LIMITED
Investor Relations
ir@bgin.com
Robin Yang
BGIN.IR@icrinc.com
Media Relations
pr@bgin.com
Brad Burgess
BGIN.PR@icrinc.com