BGIN BLOCKCHAIN Ltd

BGIN BLOCKCHAIN Ltd is a digital asset technology company with proprietary cryptocurrency-mining technologies. Established in 2019 as a cryptocurrency mining business, the company initially focused on selected alternative cryptocurrencies due to limited financial resources, leveraging in-house technical expertise to design software and chips for efficient mining. This experience built an understanding of designing software for Proof-of-Work (PoW) algorithms. The company operates through subsidiaries located in the United States, Hong Kong, and Singapore. BGIN BLOCKCHAIN Ltd primarily generates revenue from selling self-designed mining machines, conducting mining operations, operating mining pools, and providing mining machine hosting services to customers. Sales of mining machines contributed approximately 85.43% of total revenue for the fiscal year ended December 31, 2023, 63.57% for 2024, and 22.63% for 2025. While the long-term strategic focus includes self-mining and generating service revenue from hosting and mining pools, the company also funds growth by selling its proprietary chip design and mining machines. BGIN BLOCKCHAIN Ltd designs mining machines for miners of all sizes, offering models from small-scale for home miners to industrial-scale for mid-to-large mining enterprises. The focus is on delivering cost-effective and energy-efficient machines. Subsidiaries design and sell mining machines equipped with proprietary ASIC chips under different series dedicated to mining KAS coins and ALEO coins, and, prior to March 2025, also ALPH coins and RXD coins.