Bgin (BGIN)
Designs mining machines and operates mining, pool, and hosting services.
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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
No analyst consensus on record.
Not reported.
Balance sheet, Dec 31, 2025Cash & short-term investments $26.3M · Total debt $219.8K · Total assets $92.8M · Shareholders' equity $54.5M
- Revenue
- $19.7M
- Operating income
- −$82.5M
- Net income
- −$116.4M
No dividends on record.
| Institutions | 0.07% | 75.7K shares | |
|---|---|---|---|
| 5 holders · as of Jun 30, 2026 | |||
| Insiders | 119.73% | 130.57M shares | |
| 5 holders · as of Mar 18, 2026 | |||
| Adds to | 119.80% | ||
109.05M company shares as of Aug 24, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 119.80%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Qiuhua Li1Insiderdirector | 69.65% | 37.98M · 37.98M | filed Feb 17, 2026 |
Qingfeng Wu2Insiderdirector, officer: Chief Executive Officer | 41.82% | 22.80M · 22.55M · 249,500 | filed Feb 17, 2026 |
Qi ShaoInsiderofficer: Chief Technology Officer | 4.45% | 4.85M | filed Mar 18, 2026 |
Boquan HeInsiderdirector | 3.70% | 4.04M | filed Mar 18, 2026 |
Chung Shing Paul TsangInsiderdirector | 0.11% | 115,902 | filed Mar 18, 2026 |
- Qiuhua Li's transaction reports restate only vehicles that traded; the 2026 ownership statement (37.98M) is used instead.
- Qingfeng Wu's transaction reports restate only vehicles that traded; the 2026 ownership statement (22.80M) is used instead.
Insider tradesForm 4
Nothing filed in the last 12 months.
- 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
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bgin | $1.96 | +3.70% | $206.1M | — | — | — | — |
| Bitdeer | $13.06 | −0.61% | $3.07B | — | — | 3.8 | +47.1% |
| Canaan (ADR) | $0.4137 | −0.82% | $195.9M | — | — | 0.4 | +128.4% |
| BitFuFu | $1.49 | +2.76% | $239.5M | — | 74.5 | 0.6 | −62.9% |
| CleanSpark | $15.08 | +2.17% | $3.79B | — | — | 5.6 | −30.5% |
| Median | — | 74.5 | 2.2 | +8.3% |