In a bold yet cautious market debut, Bgin Blockchain Ltd. announced the pricing of its $30 million initial public offering, marking a significant milestone for the Singapore-based cryptocurrency mining firm. The IPO, priced at $6 per share, reflects a recalibrated target—$20 million below its original $50 million projection.
The company said it will offer 5 million Class A ordinary shares, which are set to begin trading on October 21, 2025, under the Nasdaq ticker symbol “BGIN.” According to its statement, the offering will close on or about October 22, pending customary conditions.
Over-Allotment Option and Strategic Funding
Bgin has also granted underwriters a 45-day over-allotment option to purchase up to 15% additional shares at the offering price. The company said proceeds will primarily be used for constructing new mining farms, purchasing advanced hardware, and developing proprietary chips designed for next-generation cryptocurrency mining machines. A portion will also go toward general corporate purposes.
