BGIN BLOCKCHAIN LIMITED ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING

SINGAPORE, Oct 23 (Bernama) -- 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.