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BGIN Blockchain Limited (BGIN) announced the pricing of its initial public offering of 5 million Class A ordinary shares at $6.00 per share. The Singapore-based digital asset technology company expects to raise approximately $30 million in gross proceeds before underwriting discounts and expenses.
The shares received approval for listing on the Nasdaq Global Market and are expected to begin trading October 21, 2025, under the ticker symbol "BGIN." The offering is scheduled to close on or about October 22, 2025, subject to customary closing conditions.
The company granted underwriters an over-allotment option to purchase up to 15% additional shares at the offering price, exercisable within 45 days after closing. D. Boral Capital LLC serves as the sole book-running manager for the firm commitment offering.
BGIN plans to use net proceeds for purchasing and constructing mining farms, research and development of proprietary cryptocurrency mining chips, and general corporate purposes. The company operates in the cryptocurrency mining sector with proprietary technologies and manufactures mining machines under its ICERIVER brand.
The U.S. Securities and Exchange Commission declared the company’s registration statement on Form F-1 effective September 30, 2025. The filing carries the number 333-285108.
BGIN describes itself as focusing on altcoin mining while leveraging experience in designing ASIC chips and mining machines. The company provides mining infrastructure and hosting services to customers ranging from individual miners to industrial-scale operations.