Sangrix Inc. (SGRX) amended and restated its proxy materials to seek shareholder approval for an eight (8)-for-one (1) share consolidation of issued and unissued Class A and Class B ordinary shares. The consolidation is proposed to take effect November 13, 2026, following the November 3, 2026 extraordinary meeting; fractional shares would be rounded up to the nearest whole share. Shareholders are also asked to approve amended and restated memorandum and articles of association, conditional on the consolidation, and a possible meeting adjournment.
The board says the consolidation is intended to help the Class A shares meet Nasdaq’s $1.00 minimum bid-price requirement. Sangrix says that, following a 60-for-one reverse stock split in January and a five-for-one share consolidation in August 2026, it would have no compliance period if a bid-price deficiency continues for 30 consecutive trading days. The company cautions that the consolidation may not produce or sustain a proportionate market-price increase and could reduce liquidity. It also disclosed four secured convertible debentures with approximately $8.44 million in aggregate outstanding principal; conversion and warrant terms include specified adjustments after the consolidation.
SANGRIX INC. (SGRX) is asking shareholders to approve a 10-for-1 consolidation of its Class A and Class B ordinary shares, proposed to take effect November 13, 2026; fractional shares would be rounded up. The extraordinary meeting is scheduled for November 3, 2026. The company says the measure is intended to help meet Nasdaq’s $1.00 minimum bid-price requirement after its 60-for-1 and 5-for-1 consolidations in 2026. It says a bid-price deficiency lasting 30 consecutive trading days would leave it without a compliance period and subject to delisting. The board cautions that the consolidation may not produce a lasting price increase and could reduce liquidity.
As of October 22, 2026, 3,545,018 Class A and 96,043 Class B ordinary shares were issued and outstanding. The proposal would reduce authorized ordinary shares from 200 billion to 20 billion while keeping authorized share capital at US$60 million. The company also disclosed four secured convertible debentures with approximately $8.44 million in outstanding principal and warrants for 192,154 Class A shares at $1.63 per share; their terms provide for price adjustments if specified market-price tests are met. A separate proposal to amend the memorandum and articles is conditional on approval of the consolidation.
Sangrix Inc. (SGRX) issued 75,000 Class B Ordinary Shares to Jinghai Jiang, its Chairman of the Board, Chief Executive Officer and Chief Operating Officer, on October 21, 2026. The shares have a par value of $0.0003 each and were sold at $0.4390 per share, for aggregate consideration of $32,925.00. The board and Audit Committee approved the issuance.
Following the issuance, Jiang will hold 100% of Sangrix’s outstanding Class B ordinary shares, representing approximately 35% of the total voting power of its issued and outstanding share capital. The SPA and issuance were made pursuant to the exemption from registration under Section 4(a)(2) of the Securities Act and Regulation S.
Sangrix Inc. (SGRX) reported that 16 NVIDIA Blackwell B300 servers, comprising 128 GPUs, are scheduled for delivery in Malaysia during the week of November 3, 2026, based on the manufacturer’s latest update relayed by infrastructure seller PT Mitra Manunggal Sangk(a)ra. The schedule updates the third-quarter 2026 delivery expectation. Delivery timing remains subject to the manufacturer’s logistics schedule.
The project was originally announced on June 29, 2026, as an approximately US$11 million acquisition of the servers, together with the benefit of previously executed customer deployment arrangements. After delivery, inspection, racking and testing are expected to take approximately one additional week. Production deployment will follow successful commissioning and applicable acceptance requirements; commercial operations remain subject to successful installation, testing and satisfaction of applicable contractual requirements. The servers are intended for a Malaysia data center under previously executed hosting arrangements.
SANGRIX INC. (SGRX) reports that investors exercised a contractual redemption right for 66,668 Class A ordinary shares, representing all of their respective unsold shares. The shares were cancelled on September 22, 2026 and returned to authorized but unissued share capital. Following the cancellation, 1,881,935 Class A ordinary shares were issued and outstanding.
The agreements allowed investors who had not sold all their shares within 12 months after August 11, 2025 to elect to redeem a portion of the DOGE paid, by written notice within 15 business days after that anniversary. All investors delivered notices on August 20, 2026. The redemption was described as involving the return to the Company of 30 million DOGE, representing 100% of the DOGE originally paid; the original aggregate purchase price was $6,000,000. The shares were issued in a private placement, and no warrants were issued under the agreements.
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.