IPO Funds to Fuel R&D and Business Expansion
Bgin attributed its success to the advanced design of its mining machines and the strength of its research and development (R&D) teams. To date, the company has designed 23 different mining machine models, with 19 currently in use for alternative cryptocurrency mining.
The IPO proceeds will be funneled into strengthening R&D, refining Bgin’s business model, and integrating more segments of the crypto value chain, positioning the company for long-term growth in a highly competitive industry.
Heavyweights Backing the Offering
The IPO is backed by Chardan Capital Markets and The Benchmark Co., serving as joint bookrunners. Hunter Taubman Fischer & Li LLC represents Bgin, with attorneys Ying Li and Guillaume de Sampigny leading the charge. Meanwhile, underwriters counsel Robinson & Cole LLP is represented by Arila Er Zhou and Anna Jinhua Wang.
Despite the excitement surrounding the offering, Bgin has yet to publicly comment on its IPO plans.
