Bgin
Designs mining machines and operates mining, pool, and hosting services.
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Profile
Sells self-designed mining machines while operating cryptocurrency mining, mining pools, and hosting services. Its two primary segments are cryptocurrency mining and mining-machine sales, supported by subsidiaries in the United States, Hong Kong, and Singapore.
Self-designed mining machines, proprietary cryptocurrency mining, mining-pool operations, and mining-machine hosting form the operating model. Cryptocurrency mining, including mining and mining-pool revenue, is one primary reportable segment; sales of mining machines is the other.
Subsidiaries in the United States, Hong Kong, and Singapore support the group. It reduced active KS-series mining machines after weaker KAS economics, while management has stated it is directing research and development toward Bitcoin and Dogecoin mining technologies. Operations depend in part on third-party hosting providers, whose disruption, contractual disputes, or asset-retrieval difficulties can affect the business.
Company facts
Categories
Key statistics
Year to date −25.7% · Average volume (30d) 72.5K
Analysts
No analyst consensus on record.
Earnings
Not reported.
Financial highlights
| 2 quarters | — | — | — | — | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $9.9M | $19.7M | |
| Gross profit | — | — | — | — | −$34.6M | −$69.3M | |
| Operating income | — | — | — | — | −$57.4M | −$82.5M | |
| Net income | — | — | — | — | −$58.2M | −$116.4M | |
| Diluted EPS | — | — | — | — | −$0.53 | −$1.03 | |
| Gross margin | — | — | — | — | -351.1% | -351.1% | |
| Operating margin | — | — | — | — | -581.4% | -418.0% |
Revenue by geography · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $26.3M · Total debt $219.8K · Total assets $92.8M · Shareholders' equity $54.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 109.05M · Float 43.35M · 39.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Qiuhua Li · director | 37.98M | 34.82% | Form 4 | Mar 18, 2026 |
| Qingfeng Wu · director, officer: Chief Executive Officer | 22.80M | 20.91% | Form 4 | Mar 18, 2026 |
| Qi Shao · officer: Chief Technology Officer | 4.85M | 4.45% | Form 4 | Mar 18, 2026 |
| Boquan He · director | 4.04M | 3.70% | Form 4 | Mar 18, 2026 |
| Chung Shing Paul Tsang · director | 115.9K | 0.11% | Form 4 | Mar 18, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Bitdeer
Bitcoin mining hardware, self-mining, cloud hash rate and hosting
- Canaan (ADR)
Bitcoin ASIC product sales and proprietary mining operations
- BitFuFu
Cloud mining, self-mining and hosting services for crypto miners
- CleanSpark
Large-scale Bitcoin mining and data-center capacity deployment
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bgin | $1.90 | −5.94% | $214.8M | — | — | 7.3 | — |
| Bitdeer | $10.32 | +0.10% | $2.41B | — | — | 3.0 | +47.1% |
| Canaan (ADR) | $0.3877 | +0.73% | $178.5M | — | — | 0.4 | +11,243,048.8% |
| BitFuFu | $1.34 | −0.37% | $221.4M | — | 67.3 | 0.6 | −62.9% |
| CleanSpark | $11.65 | −0.08% | $2.99B | — | — | 4.4 | −30.5% |
| Median | — | 67.3 | 1.8 | +8.3% |