BGIN Blockchain Limited announced the launch of its ASIC Chip Customization Solutions Business and completed its first customer hardware delivery. The new business extends the company's internal ASIC chip design and hardware engineering capabilities to external third-party customers. BGIN delivered 3,000 customized PoW mining machines to a protocol project customer, with 2,400 units delivered directly and 600 units available through the ICERIVER sales channel.

BGIN Blockchain reported a $177 million net loss for 2025 compared to $66.1 million net income in 2024, with total revenue declining 78% to $67.4 million. The company executed a strategic transformation, scaling back its altcoin business to focus on Bitcoin infrastructure, achieving first-pass silicon success on its 4nm BT1 Bitcoin mining chip in March 2026. Despite the losses driven primarily by non-cash impairments and inventory write-downs, management maintains the company has sufficient runway with $26.3 million in cash and $22.5 million in crypto assets.

BGIN Blockchain Limited successfully resolved a dispute with Mawson Hosting over seized mining machines. The company's US subsidiary recovered all approximately 5,325 mining machines that were seized when hosting provider Krypton defaulted on its obligations. The resolution came through a confidential settlement agreement following litigation filed in March 2025.

The Portnoy Law Firm has initiated an investigation into possible securities fraud at Bgin Blockchain Limited following a 59% stock price collapse from its $6.00 IPO price in October 2025 to $2.45 by December 2025. The decline was triggered by a $96 million revenue drop, a 582.8% surge in operating expenses, and a series of executive departures and auditor replacement within months of going public.

BGIN Blockchain Limited announced first-pass silicon success for its BT1 Bitcoin mining ASIC chip in 4nm process technology. The chip completed tape-out in October 2025 and has now entered system-level testing and production preparation. This marks the company's seventh consecutive successful tape-out since 2022, representing a strategic expansion from altcoin mining to Bitcoin mining infrastructure.

The Portnoy Law Firm has initiated an investigation into possible securities fraud at Bgin Blockchain Limited following the company's IPO in October 2025. The investigation was prompted by significant financial deterioration disclosed in November 2025, including a $96 million revenue decline, a 582.8% increase in operating expenses, and a swing from $84.8 million gross profit to a $6.3 million gross loss. Additional red flags include the termination of the Chief Communications Officer in December and an auditor change. The stock has declined 59% from its $6.00 IPO price to $2.45.

BGIN Blockchain Limited completed its initial public offering on NASDAQ, raising $30 million by selling 5 million Class A ordinary shares at $6.00 per share. The company plans to use proceeds for mining farm expansion, cryptocurrency mining chip research, and general corporate purposes.