SINGAPORE, Oct. 23, 2025 (GLOBE NEWSWIRE) -- BGIN Blockchain Limited (“BGIN” or “The Company”), a digital asset technology company with proprietary cryptocurrency mining technologies and leading innovator in cryptocurrency mining hardware and infrastructure, today announced that BGIN had reached a critical milestone in the development process of its groundbreaking BT1 series mining machines, specifically designed for Bitcoin mining. Slated for launch in early 2026, the new series represents the Company's strategic expansion into the Bitcoin market, leveraging years of expertise in ASIC chip design and alternative cryptocurrency mining solutions.

BT1 Tape-out Launch

BGIN has successfully completed the design and simulation verification for its advanced-process Bitcoin mining machine, the BT1 model. After confirming the process with the foundry, the ASIC chip has officially entered the tape-out phase, a critical milestone in chip development. Tape-out represents a key stage in the overall chip development process, as it marks the pitoval step in transition from design to physical production. Since 2022, the Company has achieved a proven track record with six successful tape-outs of ASIC mining chip designs.

Advanced Technology and Development

The BT1 series will be powered by BGIN's proprietary ASIC chips, developed by the Company's research and development team spanning multiple international locations. The team, led by Chief Technology Officer Qi Shao, brings extensive experience in blockchain technology and electronics development.

Building on the success of BGIN\’s recently launched KS7 model, which achieved a hash rate of up to 30 TH/s internal tests – doubling the performance of previous models – the BT1 series is expected to deliver industry-leading efficiency and performance for Bitcoin mining operations.

Comprehensive Product Portfolio

The BT1 series joins BGIN's expanding portfolio of the Company proprietary ICERIVER® mining solutions, including:

• KS Series.

• AL Series.

• RX Series.

• AE Series.

• BT1 Series.

"The development of our BT1 series represents a pivotal moment in BGIN's growth trajectory," said Allen Wu, Chief Executive Officer at BGIN Blockchain Limited. "By applying our proven ASIC chip design expertise to Bitcoin mining, we believe we're positioned to deliver efficient Bitcoin mining solutions, as further validated by our tape-out launch.”

About BGIN Blockchain Limited

BGIN Blockchain Limited (NASDAQ: BGIN), a digital asset technology company with proprietary cryptocurrency mining technologies and leading innovator in cryptocurrency mining hardware and infrastructure. BGIN's mission is to make crypto mining accessible to everyone.
www.bgin.com

About ICERIVER®

ICERIVER is the cryptocurrency mining hardware brand of BGIN. We are committed to developing the most efficient mining products and providing the highest quality services.
www.iceriver.io

SINGAPORE, Oct. 23, 2025 (GLOBE NEWSWIRE) -- BGIN BLOCKCHAIN LIMITED (“BGIN” or “the Company”) (Nasdaq: BGIN), a digital asset technology company with proprietary cryptocurrency-mining technologies, today announced the closing of its initial public offering (the “Offering”) of 5,000,000 Class A ordinary shares, at an initial public offering price of US$6.00 per share. BGIN’s Class A ordinary shares began trading on the Nasdaq Global Market on October 21, 2025 under the ticker symbol “BGIN.”

The Company received aggregate gross proceeds of US$30 million from the Offering, before deducting underwriting discounts and other related expenses. The Company intends to use the net proceeds it receives from the Offering for (i) the purchase and/or construction of mining farms, (ii) the research and development of new proprietary chips to be used in cryptocurrency mining machines; and (iii) for general corporate purposes.

The Offering was conducted on a firm commitment basis. D. Boral Capital LLC acted as the sole book-running manager for the Offering. Hunter Taubman Fischer & Li LLC LLP acted as U.S. securities counsel to the Company, and Robinson & Cole LLP acted as U.S. securities counsel to D. Boral Capital LLC in connection with the Offering.

A registration statement on Form F-1 related to the Offering was filed with, and declared effective by, the U.S. Securities and Exchange Commission (“SEC”). This Offering was made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus relating to the Offering may be obtained from D. Boral Capital LLC, 590 Madison Avenue, New York, NY 10022, via email at [email protected] or telephone at +1 (212) 970-5150. In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation, or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About BGIN Blockchain Limited

BGIN Blockchain Limited (NASDAQ: BGIN), a digital asset technology company with proprietary cryptocurrency mining technologies and leading innovator in cryptocurrency mining hardware and infrastructure. BGIN's mission is to make crypto mining accessible to everyone.
www.bgin.com

About ICERIVER®

ICERIVER is the cryptocurrency mining hardware brand of BGIN. We are committed to developing the most efficient mining products and providing the highest quality services.
www.iceriver.io

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