SANGRIX INC. (BTOG) SEC Filings

SANGRIX INC. (BTOG) reported that it sold an aggregate of 3,000,000 Dogecoin (DOGE) on September 7, 2026, generating approximately US$267,665 in gross proceeds to support working capital and its transition toward AI computing infrastructure. The sale was executed in two transactions of 1,500,000 DOGE each at a weighted average execution price of about US$0.089221667 per DOGE, before fees.

The company states that DOGE prices rose approximately 10.7% over the seven-day period ended September 6, 2026, providing market context for the timing of the sale. SANGRIX intends to use available proceeds for AI infrastructure investments, including equipment and deployment costs, and indicates it may consider additional DOGE sales based on market conditions and liquidity needs. The company also reports that audit and compliance-related work is progressing and that it is pursuing a strategic transition toward AI-focused infrastructure services.

Bit Origin Ltd (BTOG) is rebranding as SANGRIX INC. after shareholders approved a special resolution at an extraordinary general meeting on August 21, 2026, authorizing a change of name and related filings in the Cayman Islands. Directors approved the name change and a new trading symbol on August 26, 2026.

Class A ordinary shares are expected to begin trading on the Nasdaq Capital Market under the new name and ticker “SANGRIX INC.” / “SGRX” when the market opens on September 4, 2026, with the CUSIP unchanged and no action required from existing shareholders. The company states that the SANGRIX identity is intended to align with a strategic transition toward AI computing and digital infrastructure, including a previously announced transaction involving sixteen NVIDIA Blackwell B300 AI servers and plans to evaluate GPU computing, server leasing, storage infrastructure and related services.

BIT ORIGIN Ltd (BTOG) filed an initial ownership report (Form 3) for Yeung Mei Ting, who is identified as a director of the company and not an officer or ten percent owner. The filing reports no transactions and includes no holding entries or derivative positions.

BIT ORIGIN Ltd (BTOG) reported the initial equity holdings of Chief Executive Officer Jiang Jinghai on a Form 3. The filing shows direct ownership of 21,043 shares of Class B Common Stock. No purchase, sale, or other transaction is reported, only the existing position as of April 10, 2024.

Bit Origin Ltd (BTOG) implemented a 1-for-5 reverse stock split of its Class A and Class B ordinary shares, effective August 21, 2026, following approval at an extraordinary general meeting. Every five pre-split shares were combined into one post-split share, with fractional entitlements rounded up to one full share.

The reverse split reduced outstanding shares to approximately 799,914 Class A and 21,043 Class B shares and increased par value to $0.0003 per share, while proportionally reducing authorized share counts. All options, warrants and convertible securities were adjusted to keep aggregate economic terms similar. The action is intended to help maintain compliance with Nasdaq’s $1.00 minimum bid price requirement.

Bit Origin Ltd held an extraordinary general meeting on August 11, 2026, where all proposals were approved. As of the July 28, 2026 record date, 4,068,548 Class A ordinary shares and 92,411 Class B ordinary shares were outstanding; attendees represented 42.18% of total voting power, satisfying the quorum requirement.

Shareholders approved a special resolution to change the company name to SANGRIX INC.. They also approved increasing authorized share capital from US$15,000 (237,500,000 Class A and 12,500,000 Class B shares at US$0.00006 par value) to US$60,000,000 (950,000,000,000 Class A and 50,000,000,000 Class B shares at the same par value), and related amendments to the memorandum of association.

An ordinary resolution authorized a 5-for-1 share consolidation of both Class A and Class B ordinary shares, effective August 21, 2026, changing par value to US$0.0003 per share and adjusting authorized capital to 190,000,000,000 Class A and 10,000,000,000 Class B shares. Further special and ordinary resolutions approved post-consolidation constitutional amendments, general authorizations for directors and service providers to implement these changes, and authority to adjourn the meeting if needed.

Bit Origin Ltd, a company focused on AI computing infrastructure, digital asset innovation and blockchain-based strategies, highlighted industry growth projections and outlined the commercialization framework for its NVIDIA Blackwell B300 AI server transaction. Citing IDC, worldwide AI infrastructure spending is projected to reach US$497 billion in 2026 and exceed US$1 trillion by 2029, with accelerated GPU-based servers expected to dominate this market.

The company has acquired 16 NVIDIA Blackwell B300 AI servers, together with customer deployment and data center hosting arrangements. The servers, which have not yet been delivered, are currently expected to arrive and be deployed in Malaysia during the third quarter of 2026. A five-year agreement places an experienced third-party manager in charge of deployment, hosting, power, connectivity, maintenance and commercial utilization. Bit Origin plans to evaluate the performance of this initial deployment before considering further expansion.

Malaysia is described as an emerging data center hub, with MIDA reporting RM144.4 billion (about US$35.3 billion) of approved data center and cloud investments between 2021 and mid-2025 and a projected data center market of US$13.57 billion by 2030. Bit Origin emphasizes that these market projections and NVIDIA’s reported growth do not guarantee demand for its services and details extensive risks, including limited operating history in AI infrastructure, reliance on a single third-party manager and key suppliers, potential delivery and data center readiness delays, customer and counterparty risks, regulatory and operating risks in Malaysia, financing needs, rapid technological change, cybersecurity threats and compliance costs.

Bit Origin Ltd. is convening an extraordinary general meeting on August 11, 2026 to ask shareholders to approve a new name Sangrix Inc., a major increase in authorized share capital, changes to its memorandum and articles, and a 5-for-1 consolidation of all Class A and Class B ordinary shares.

The share capital increase would raise authorized capital from US$15,000 (237,500,000 Class A and 12,500,000 Class B shares, par US$0.00006) to US$60,000,000 (950,000,000,000 Class A and 50,000,000,000 Class B shares). The 5-for-1 consolidation, effective August 21, 2026, would also increase par value to US$0.0003 and round up fractional shares, with proportionate ownership expected to remain the same except for fractional adjustments.

The board states that the consolidation is intended to help the Nasdaq-listed Class A shares meet the US$1.00 minimum bid price required by Nasdaq Listing Rule 5550(a)(2) and reduce delisting risk. As of July 28, 2026, there were 4,068,548 Class A shares and 92,411 Class B shares outstanding. Existing secured convertible debentures of approximately US$14.5 million and warrants for 272,359 Class A shares at US$1.15 include price-adjustment mechanics tied to post-consolidation market prices. Additional proposals authorize directors to implement these steps and, if necessary, adjourn the meeting to solicit more proxies.

Bit Origin Ltd outlined strategic priorities for fiscal 2027 and described a proposed corporate rebranding to SANGRIX INC., intended to reflect a focus on AI computing and digital infrastructure. The name change is subject to shareholder approval at an extraordinary general meeting on August 11, 2026 and subsequent registration in the Cayman Islands, with no assurance it will be completed.

The company’s principal operational priority is advancing delivery and deployment of sixteen NVIDIA Blackwell B300 AI servers, currently expected in the third quarter of 2026 for a data center in Malaysia, which are expected to support its initial recurring revenue base from AI computing infrastructure. Bit Origin also plans to selectively evaluate additional GPU computing, server leasing, storage infrastructure and related digital infrastructure opportunities, emphasizing identifiable customer demand and commercially reasonable arrangements, while noting typical execution and market risks in forward-looking statements.