SANGRIX INC. (SGRX) files its annual report describing a transition from Bitcoin mining to a dual strategy focused on a Dogecoin treasury program and building an AI computing and digital infrastructure business. The company held 67,543,745 Dogecoin as of the report date, after selling 3,000,000 DOGE on September 7, 2026 for about US$267,665 to fund working capital and AI server deployment. It has begun acquiring 16 GPU servers expected to be deployed in Malaysia, subject to delivery and operational conditions.
The business is highly exposed to DOGE price volatility, liquidity and custody risks, evolving global and Singaporean digital-asset regulations, and relies heavily on external equity and convertible-debt financing, including five secured convertible debentures totaling US$14.5 million. As of June 30, 2026 there were 733,246 Class A and 13,796 Class B shares outstanding, with Class B carrying 20 votes per share, concentrating control. The company has undergone multiple reverse share splits to address Nasdaq listing deficiencies and reports a material weakness in internal control over financial reporting tied to complex U.S. GAAP and SEC reporting, which it is working to remediate.
SANGRIX INC. (BTOG) is restating its unaudited interim financial statements for the six months ended December 31, 2025 to correct material accounting errors. The changes address the classification of certain Class A Ordinary Shares with redemption rights, the presentation of interest on convertible debentures measured under the fair value option, and the measurement of deemed dividends related to warrants.
Total assets of $12.9 million and total liabilities of $14.7 million as of December 31, 2025 remain unchanged, as does the consolidated net loss of $8.6 million. The restatement reclassifies $4.2 million of Class A shares to mezzanine equity and reduces the deemed dividend on warrants from $9.7 million to $7.7 million, improving net loss attributable to Sangrix and adjusting basic and diluted loss per share from $(66.65) to $(59.47) on a restated weighted average of 275,813 shares.
SANGRIX INC. (NASDAQ: SGRX), formerly Bit Origin Ltd, reports that it has launched a new corporate and investor relations website at https://sangrix.ai/, introduced a new logo, and adopted a new investor relations email address, ir@sangrix.ai.
The updated branding is described as reinforcing SANGRIX’s ongoing strategic transition toward AI computing infrastructure, emphasizing GPU computing, server leasing, storage infrastructure and related services while it continues to manage existing digital asset holdings and legacy business activities.
SANGRIX INC. (ticker BTOG) filed an initial statement of beneficial ownership indicating that Li Wei Ray is a director of the company. The filing does not report any equity holdings or insider transactions by Li Wei Ray as of the filing date.
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.