BGIN BLOCKCHAIN Ltd (BGIN)
Bgin Blockchain Limited, through its subsidiaries, operates as a digital asset technology company in Singapore, Hong Kong, the United States, and rest of Southeast Asia. It produces cryptocurrencies through its mining operations. The company also designs and sells mining machines for individual miners and distributors, as well as develops computer chips. In addition, it offers miner hosting, mining pool, and value-added services. The company was founded in 2019 and is based in Singapore.
Sector: Finance Services
Industry: Computer Hardware
BGIN BLOCKCHAIN Ltd
NASDAQ:BGINTechnology · Computer Hardware
-1.14%$1.74
AH Close$1.74+0.00%vs close
AH Close$1.74+0.00%vs close
Mkt Cap$196.86M
Float43.59M
O/S113.14M
Inst Own0.1%
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$67.4M
Net Income-$176.86M
Total Assets$92.84M
Free Cash Flow-$171.08M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$220K
Total Equity$54.49M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BGIN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$92.84M
Liabilities$38.09M
Accounts Receivable$1.15M
Accounts Payable$2.82M
Inventory$7.85M
PP&E (Net)$27.55M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $67.4M | $302.28M | $257.27M | $15.05M | $21.52M | $4.57M |
| YoY Growth | -77.7% | 17.5% | 1609.0% | -30.1% | 371.4% | - |
| Cost of Revenue | $142.99M | $174.59M | $58.1M | $6.12M | $6.66M | $2.32M |
| Gross Profit | -$75.59M | $127.69M | $199.17M | $8.93M | $14.87M | $2.25M |
| Gross Margin | -112.2% | 42.2% | 77.4% | 59.3% | 69.1% | 49.2% |
| Research and Development | $20.19M | $16.37M | $10.1M | $7.18M | $195K | $117K |
| Selling, General, and Administrative | $12.52M | $7.83M | $15.4M | $1.86M | $3.51M | $414K |
| Other | $1.74M | $21.84M | $6K | $469K | $1.64M | -$117K |
| Total Operating Expenses | $34.45M | $46.05M | $25.51M | $9.51M | $5.35M | $414K |
| Operating Income (EBIT) | -$110.05M | $81.63M | $173.67M | -$573K | $9.52M | $1.83M |
| Operating Margin | -163.3% | 27.0% | 67.5% | -3.8% | 44.2% | 40.2% |
| Interest Expense | $0 | $0 | $2.18M | $182K | $364K | $0 |
| Interest Income | $943K | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$64.57M | -$848K | -$94K | $299K | -$316K | $239K |
| Income Before Tax (EBT) | -$174.61M | $80.79M | $173.57M | -$274K | $9.2M | $2.07M |
| Income Tax Expense | $2.34M | $14.65M | $33.81M | -$45K | $1.5M | $321K |
| Net Income | -$176.86M | $65.93M | $139.71M | -$220K | $7.71M | $1.75M |
| Net Income Margin | -262.4% | 21.8% | 54.3% | -1.5% | 35.8% | 38.4% |
| Supplementary Data | ||||||
| EPS | -1.56 | 0.58 | 1.22 | -0.00 | 0.07 | 0.02 |
| Diluted EPS | -1.56 | 0.58 | 1.22 | -0.00 | 0.07 | 0.02 |
| Weighted Average OS | 113.14M | 114.14M | 114.14M | 114.14M | 114.14M | 71.88M |
| EBITDA | -$89M | $113.11M | $176.32M | $1.63M | $12.21M | $2.22M |
| EBITDA Margin | -132.0% | 37.4% | 68.5% | 10.8% | 56.7% | 48.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $26.29M | $114.8M | $46.7M | $602K | $3.65M | $12K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $26.29M | $114.8M | $46.7M | $602K | $3.65M | $12K |
| Accounts Receivable | $1.15M | $9.05M | $4.28M | $438K | $989K | $211K |
| Inventory | $7.85M | $12.49M | $3.53M | $0 | $0 | $0 |
| Other Current Assets | $22.45M | $49.13M | $117.04M | $2.07M | $4.86M | $89K |
| Total Current Assets | $63.85M | $194.66M | $178.3M | $3.89M | $9.71M | $386K |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $27.55M | $72.18M | $11.78M | $8.01M | $5.34M | $2.63M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $2.11M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.44M | $1.83M | $1.58M | $1 | $0 | $0 |
| Total Long-Term Assets | $28.98M | $76.12M | $13.37M | $8.01M | $5.34M | $2.63M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $92.84M | $270.79M | $191.67M | $11.89M | $15.05M | $3.01M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $2.82M | $6.85M | $858K | $592K | $19K | $205K |
| Short-Term Debt | $0 | $0 | $0 | $501K | $0 | $0 |
| Current Income Tax Payable | $34.09M | $51.85M | $35.48M | $1.4M | $1.52M | $0 |
| Current Unearned Revenue | $268K | $952K | $1.98M | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $1.9M | $1.88M | $552K |
| Total Current Liabilities | $38M | $60.6M | $42.56M | $2.5M | $5.03M | $777K |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $278K | $349K | $343K |
| Total Long-Term Liabilities | $88K | $123K | $181K | $278K | $349K | $343K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $38.09M | $60.73M | $42.75M | $2.77M | $5.37M | $1.12M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $3K | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | $28.1M | $209.95M | $149.02M | $9.27M | $9.49M | $1.79M |
| Comprehensive Income & Other | -$244K | -$244K | -$244K | -$245K | $180K | $104K |
| Other Stockholders' Equity | $26.39M | -$244K | -$244K | -$245K | $180K | $104K |
| Total Equity | $54.49M | $209.71M | $148.78M | $9.03M | $9.67M | $1.89M |
| Minority Interest | $257K | $352K | $144K | $91K | -$568 | $0 |
| Total Liabilities and Equity | $92.58M | $270.44M | $191.52M | $11.8M | $15.05M | $3.01M |
| Supplementary Data | ||||||
| Total Debt | $220K | $445K | $348K | $501K | $0 | $0 |
| Net Debt | -$26.07M | -$114.36M | -$46.35M | -$101K | -$3.65M | -$12K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$176.95M | $66.14M | $139.76M | -$229K | $7.71M | $1.75M |
| Depreciation & Amortization | $21.05M | $9.65M | $2.96M | $1.79M | $1.23M | $382K |
| Deferred Income Tax | $2.11M | -$2.11M | -$278K | -$45K | -$3K | $0 |
| Stock-Based Compensation | $555K | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $2.94M | -$4.7M | -$3.85M | -$407K | $0 | $0 |
| Inventory | -$74.13M | -$120.84M | -$3.53M | $0 | $0 | $0 |
| Accounts Payable | -$4.09M | $5.22M | $3.47M | -$80K | $3.09M | $0 |
| Other Working Capital | -$18.73M | $12.97M | $27.56M | -$591K | $1.37M | -$4.65M |
| Total Working Capital Change | -$94.01M | -$107.35M | $23.65M | -$1.08M | $4.46M | -$4.65M |
| Other Non-Cash Items | $80.35M | -$165.67M | -$197.38M | -$13.19M | -$19.59M | $341K |
| Net Cash from Operating | -$166.9M | -$199.34M | -$31.29M | -$12.74M | -$6.2M | -$2.17M |
| Investing Activities | ||||||
| Capital Expenditures | -$4.19M | -$12.97M | -$6.69M | -$5.19M | -$4.17M | -$2.04M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $59.73M | $280.95M | $84.43M | $14.85M | $14.92M | $4.46M |
| Net Cash from Investing | $55.55M | $267.98M | $77.74M | $9.65M | $10.75M | $2.42M |
| Financing Activities | ||||||
| Debt Repaid | - | - | - | - | - | - |
| Common Stock Issuance | $26.88M | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$4.05M | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$539K | -$362K | $350K | -$963K | -$235K |
| Net Cash from Financing | $22.83M | -$539K | -$362K | $350K | -$963K | -$235K |
| Forex Effect | $0 | $0 | $1K | -$311K | $55K | $657 |
| Net Change in Cash | -$88.52M | $68.11M | $46.1M | -$3.05M | $3.64M | $12K |
| Supplementary Data | ||||||
| Operating Cash Flow | -$166.9M | -$199.34M | -$31.29M | -$12.74M | -$6.2M | -$2.17M |
| Capital Expenditure | -$4.19M | -$12.97M | -$6.69M | -$5.19M | -$4.17M | -$2.04M |
| Free Cash Flow | -$171.08M | -$212.31M | -$37.97M | -$17.94M | -$10.38M | -$4.22M |
| Cash at Beginning | $114.8M | $46.7M | $602K | $3.65M | $12K | $0 |
| Cash at End | $26.29M | $114.8M | $46.7M | $602K | $3.65M | $12K |