BGIN BLOCKCHAIN LIMITED Launches ASIC Chip Customization Solutions Business and Completes Inaugural Customer Delivery
Rhea-AI Summary
BGIN Blockchain (NASDAQ:BGIN) launched an ASIC Chip Customization Solutions business and completed its first customer hardware delivery. The new segment opens BGIN’s internal ASIC design and mining hardware engineering capabilities to third-party clients.
The offering spans chip design, hardware optimization, system integration, manufacturing coordination, validation, and optional distribution via the ICERIVER platform. BGIN produced 3,000 customized PoW mining machines for an initial project, delivering 2,400 units to a protocol customer and allocating 600 units for retail sale through ICERIVER. This initiative expands beyond BGIN’s existing mining hardware sales, cryptocurrency mining, and hosting services, and may support a broader revenue base over time.
AI-generated analysis. Not financial advice.
Positive
- Launch of third-party ASIC Chip Customization Solutions business
- First customized project completed with 3,000 PoW mining machines produced
- 2,400 units delivered to initial PoW protocol customer
- 600 units reserved for ICERIVER retail channel distribution
- Business scope covers end-to-end services from chip design to system-level validation
Negative
- None.
News Market Reaction – BGIN
On the day this news was published, BGIN declined NaN%, reflecting a moderate negative market reaction. Argus tracked a trough of -13.4% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 05 | Product prototype reveal | Positive | +8.3% | Revealed PortableBTC prototype miner using BT1 chip at Bitcoin 2026. |
| Apr 29 | Annual report filing | Neutral | +3.2% | Filed 2025 Form 20-F and made full annual report available to investors. |
| Apr 24 | Full-year 2025 results | Negative | +12.8% | Reported steep revenue decline and large net loss with impairments and reset. |
| Apr 17 | Earnings call scheduled | Neutral | +0.8% | Announced timing and access details for FY 2025 earnings call and webcast. |
| Apr 13 | Hosting dispute resolved | Positive | -0.9% | Recovered about 5,325 mining machines after settling U.S. hosting dispute. |
Stock has sometimes risen on negative/transition updates and slipped on clearly positive resolutions, showing mixed alignment between news tone and price moves.
Over the last few months, BGIN has reported a sharp 2025 reset with revenue of US$67.4 million and a US$177.0 million net loss, while highlighting a strategic pivot toward Bitcoin-focused mining and proprietary ASIC development. It resolved a major U.S. hosting dispute, recovering about 5,325 mining machines, and showcased its BT1-based PortableBTC prototype at Bitcoin 2026. Against this backdrop, the new ASIC Chip Customization Solutions business extends those design and hardware capabilities from internal product lines to third-party customers.
Market Pulse Summary
This announcement launches BGIN’s ASIC Chip Customization Solutions business, shifting long-standing internal chip design and hardware engineering capabilities toward third-party customers. It builds on milestones like the 4nm BT1 Bitcoin chip and a batch of 3,000 customized PoW mining machines for an external protocol project. In the context of a 2025 reset with US$67.4 million revenue and a US$177.0 million net loss, execution around customer adoption and margin quality will be key metrics to watch.
Key Terms
asic technical
pow technical
tape-out technical
mining pool technical
AI-generated analysis. Not financial advice.
New Business Unlocks Internal Capabilities for Third-Party Customers for the First Time
SINGAPORE, May 26, 2026 (GLOBE NEWSWIRE) -- BGIN BLOCKCHAIN LIMITED (“BGIN” or the “Company”; NASDAQ: BGIN), a digital asset technology company specializing in proprietary cryptocurrency mining technologies and the manufacturing of cryptocurrency mining hardware, today announced the launch of its ASIC Chip Customization Solutions Business timed with the completion of its first customer hardware delivery.
This new business builds on a natural culmination of the Company's extensive experience in ASIC chip design and mining hardware engineering. BGIN has previously developed proprietary ASIC mining hardware for multiple cryptocurrency projects, including KAS, ALPH, and ALEO, and most recently completed the successful tape-out of its 4nm BT1 Bitcoin mining chip in March 2026. These capabilities have historically served the Company's proprietary mining hardware product lines and ICERIVER-brand products.
Distinct from BGIN’s historical business model centered on the sale of proprietary-branded mining hardware, the ASIC Chip Customization Solutions business makes the Company’s long-standing internal capabilities available to external parties for the first time. Centered on ASIC chip customization and covering end-to-end stages — including chip design, hardware optimization for specific algorithms or application scenarios, mining or hardware system integration, manufacturing coordination, system-level validation, and, where applicable, distribution through the ICERIVER platform — the ASIC Chip Customization Solutions business provides customized solutions to third-party customers with specialized computing power or hardware requirements. This represents an initial step toward extending the Company's capabilities beyond its three existing operations of mining hardware sales, cryptocurrency mining, and hosting services, and may over time contribute to a broader revenue base.
BGIN has also completed the initial hardware customer delivery within the new ASIC Chip Customization Solutions business. This project involves the delivery of customized mining hardware by the Company to a PoW protocol project customer. BGIN completed an initial production batch of 3,000 customized PoW mining machines under a hybrid distribution arrangement: 2,400 units have been delivered directly to the customer, while the remaining 600 units will be made available to end users through the ICERIVER official sales channel as the retail distribution component of this customized project, subject to final listing schedule, inventory considerations, and applicable commercial arrangements.
Mr. Allen Wu, Founder, Chief Executive Officer, and Director of BGIN, said, “The completion of our first customer project delivery represents an early step in extending the ASIC chip design, hardware engineering, and manufacturing coordination capabilities the Company has built over many years, from internal product lines to external customer service. BGIN has acquired significant engineering experience in ASIC chip design and hardware, and has developed system-level understanding at each step, together with supply chain and manufacturing delivery capabilities. Combined with the sales and customer support foundation that the ICERIVER brand has established in the hardware market, we believe these collectively constitute an engineering and commercial foundation that enables the Company to serve third-party customers and that made the successful end-to-end delivery of this project possible. Looking ahead, the Company will continue to evaluate opportunities to commercialize its ASIC chip design and hardware engineering capabilities.”
About BGIN BLOCKCHAIN LIMITED
BGIN BLOCKCHAIN LIMITED (NASDAQ: BGIN) is a digital asset technology company with proprietary cryptocurrency-mining technologies that leverages its experience in designing ASIC chips and mining machines to penetrate new cryptocurrency opportunities and execute on a long-term strategic focus on self-mining. BGIN’s mission is to make crypto mining accessible to all by developing innovative products tailored to various market needs, from beginners to large-scale industrial miners. BGIN designs and manufactures mining machines under its ICERIVER brand, providing customers with operational flexibility through advanced mining infrastructure and hosting services.
For more information, please visit: www.bgin.com or www.iceriver.io, or follow BGIN on X @Bgin_Blockchain and LinkedIn @BGIN, and follow ICERIVER® on X @IceRiverMiner.
Disclosure on BGIN Chips and Hardware
BGIN's role within the ASIC Chip Customization Solutions Business is limited to technical development, engineering support, manufacturing coordination, hardware solution delivery, and, where applicable, distribution support. BGIN does not endorse, sponsor, promote, validate, or provide investment advice with respect to any third-party token, network, protocol, or digital asset project. The fact that BGIN provides customized ASIC chip and hardware solutions shall not be construed as recognition or support of any third-party project's commercial prospects, token value, governance model, degree of decentralization, legal compliance, mining returns, or investment value.
When the ICERIVER platform is used for the distribution of customized hardware products under this business, ICERIVER's role is limited to product manufacturing, sales, distribution, and related customer support. The availability of any product through the ICERIVER sales channel does not constitute endorsement, sponsorship, promotion, validation, or investment advice with respect to any associated third-party protocol, network, token, or digital asset project. Mining returns are not guaranteed and may be affected by token prices, network difficulty, electricity costs, equipment performance, regulatory developments, and other factors.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” “target,” “project,” “potential,” “seek,” “may,” “should,” “could,” “would,” and similar expressions or the negative thereof. Statements that are not historical facts, including but not limited to statements regarding the Company’s launch and development of its ASIC Chip Customization Solutions business, the Company’s ability to commercialize its ASIC chip design and hardware engineering capabilities for third-party customers, the potential contribution of the ASIC Chip Customization Solutions business to the Company’s revenue base, the distribution of customized hardware products through the ICERIVER sales channel, the Company’s plans to evaluate further opportunities to serve third-party customers, and the Company’s strategic plans and objectives, are forward-looking statements. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results set forth in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
BGIN BLOCKCHAIN LIMITED
Investor Relations
Jennifer Jiang
ir@bgin.com
Media Relations
Ray Xie
pr@bgin.com
