BGIN BLOCKCHAIN LIMITED Announces Pricing of Initial Public Offering

Rhea-AI Summary

BGIN BLOCKCHAIN LIMITED (Nasdaq: BGIN) priced an initial public offering of 5,000,000 Class A ordinary shares at US$6.00 per share, with expected gross proceeds of approximately US$30 million. The shares are approved for listing on the Nasdaq Global Market and are expected to begin trading on October 21, 2025 under the symbol BGIN. The offering is expected to close on or about October 22, 2025 and includes a 15% over-allotment option exercisable within 45 days. Proceeds are intended for mining farm purchase/construction, R&D of proprietary mining chips, and general corporate purposes.

Positive

• Gross proceeds of approximately US$30 million
• Listing on Nasdaq Global Market under symbol BGIN
• Use of proceeds targeted to mining farms and proprietary chip R&D

Negative

• Over-allotment option up to 15% may increase share count
• Gross proceeds stated before underwriting discounts and expenses

Insights

Capital Markets Strategist

BGIN priced a 5,000,000-share IPO at $6.00, raising about $30 million, with Nasdaq Global Market listing expected October 21, 2025.

BGIN will receive gross proceeds of approximately $30 million from the sale of 5,000,000 Class A ordinary shares at an IPO price of $6.00 per share. The company gained Nasdaq Global Market approval and set expected trading for October 21, 2025, with closing expected on or about October 22, 2025. The underwriters hold a 45-day over-allotment option to buy up to an additional 15% of the shares.

The funds target three explicit uses: (i) purchase and/or construction of mining farms, (ii) R&D of proprietary mining chips, and (iii) general corporate purposes. These stated allocations link capital deployment directly to core operational growth and product development. Execution depends on closing the Offering and effective use of net proceeds after underwriting discounts and expenses.

Key near-term items to watch include the actual closing around October 22, 2025, any exercise of the over-allotment within the 45-day window, and the final net proceeds after fees. Also monitor filings and the final prospectus available via the underwriter or the SEC for precise expense deductions and detailed use-of-proceeds breakdowns.

SINGAPORE, Oct. 20, 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 pricing 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. The Class A ordinary shares have been approved for listing on the Nasdaq Global Market and are expected to begin trading on October 21, 2025, under the symbol “BGIN.”

The total gross proceeds to the Company from the Offering are expected to be approximately US$30 million, before deducting underwriting discounts and other related expenses. The Company has granted the underwriters an over-allotment option, exercisable within 45 days after the closing of this Offering, to purchase up to 15% additional Class A ordinary shares at the public offering price. The Offering is expected to close on or about October 22, 2025, subject to customary closing conditions.

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 is being conducted on a firm commitment basis. D. Boral Capital LLC is acting as the sole book-running manager for the Offering.

A registration statement on Form F-1, as amended (File Number: 333-285108) related to the Offering was filed with the U.S. Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on September 30, 2025.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This Offering is being 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, when available, may be obtained from D. Boral Capital LLC, 590 Madison Avenue, New York, NY 10022, via email at info@dboralcapital.com or telephone at +1 (212) 970-5150. In addition, copies of the final prospectus relating to the Offering, when available, 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 is a digital asset technology company with proprietary cryptocurrency-mining technologies and a historical focus on altcoins while leveraging its experience in designing ASIC chips and mining machines to penetrate new leading cryptocurrency opportunities and executing on long term strategic focus on self-mining. BGIN’s mission is to make crypto mining accessible to all by developing innovative products tailored to various market needs, from beginners to large-scale industrial miners. BGIN designs and manufactures mining machines under its ICERIVER brand, providing customers with operational flexibility through advanced mining infrastructure and hosting services.

Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements relating to the expected trading of the Company’s securities and the closing of the Offering. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about BGIN’s beliefs, plans, and expectations, are forward-looking statements. Although BGIN believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and BGIN cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the registration statement and other filings with the SEC. Additional factors are discussed in BGIN’s filings with the SEC, which are available for review at www.sec.gov. All information provided in this press release is as of the date of this press release, and BGIN does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

BGIN BLOCKCHAIN LIMITED

Investor Relations

ir@bgin.com

Media Relations

pr@bgin.com

Brad Burgess

BGIN.PR@icrinc.com

FAQ

What size is BGIN's IPO and what is the offering price (BGIN)?

BGIN is offering 5,000,000 Class A shares at US$6.00 per share for gross proceeds of about US$30 million.

When will BGIN (Nasdaq: BGIN) begin trading and what is the ticker?

Shares are expected to begin trading on October 21, 2025 on the Nasdaq Global Market under the ticker BGIN.

What can investors expect closing date and over-allotment terms for BGIN's IPO?

The offering is expected to close on or about October 22, 2025 and includes a 45-day over-allotment option to purchase up to 15% additional shares.

How does BGIN intend to use proceeds from the IPO (BGIN)?

The company intends to use net proceeds to purchase/construct mining farms, fund R&D of proprietary mining chips, and for general corporate purposes.

Who is managing BGIN's IPO and where can I get the prospectus?

D. Boral Capital LLC is the sole book-running manager; the final prospectus will be available from D. Boral Capital or via the SEC website.