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Recovery of 5,325 rigs ends hosting dispute for BGIN (NASDAQ: BGIN)

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6-K

Rhea-AI Filing Summary

BGIN Blockchain Limited reports that its U.S. subsidiary has resolved a hosting-related dispute and fully recovered approximately 5,325 company-owned cryptocurrency mining machines. The dispute arose after a June 14, 2024 Hosting Services Agreement with Krypton Technologies, whose landlord, Mawson Hosting, seized the machines during a default-related conflict. BGIN later sued Mawson in Pennsylvania and Mawson filed a third-party complaint against Krypton. Following several months of litigation, the parties entered into a confidential settlement under which Mawson returned all mining machines to BGIN, allowing the company to focus again on its long-term self-mining strategy.

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BGIN recovers seized mining rigs through settlement, ending a legal overhang.

BGIN Blockchain Limited has resolved litigation involving its U.S. subsidiary’s hosting arrangement, recovering about 5,325 mining machines that had been seized by the landlord of its former hosting provider. The settlement is confidential, so any cash impact or damages aren’t quantified.

The key business effect is operational: these recovered rigs can now potentially be redeployed into the company’s self-mining strategy, which focuses on leveraging its proprietary ASIC-based mining hardware. However, the timing and contribution of these machines to future mining output are not detailed in the disclosure.

The forward-looking statements highlight uncertainty around how and when the machines will be deployed or redeployed. Subsequent company filings may clarify utilization plans and any change in mining capacity or revenue tied to bringing these assets back online.

Recovered mining machines 5,325 mining machines Returned to BGIN under confidential settlement
Hosting Services Agreement date June 14, 2024 Agreement between BGIN and Krypton Technologies
Complaint filing date March 31, 2025 BGIN filed complaint against Mawson in Pennsylvania
Third-party complaint date June 2, 2025 Mawson filed third-party complaint against Krypton
Press release date April 13, 2026 Announcement of dispute resolution and recovery
Hosting Services Agreement financial
"The dispute stemmed from a Hosting Services Agreement dated June 14, 2024, between BGIN and Krypton"
A hosting services agreement is a contract where a company pays a provider to run and store its websites, applications, or data on the provider’s computers and networks — like renting a secure, climate-controlled warehouse for a business’s digital assets. Investors care because the deal determines ongoing costs, service reliability, data security, and contract length or penalties, all of which can affect revenue stability, risk exposure, and growth capacity.
confidential settlement agreement regulatory
"After several months of litigation, as part of a confidential settlement agreement, Mawson agreed to return"
forward-looking statements regulatory
"This press release contains statements that may constitute “forward-looking” statements within the meaning of Section 27A"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
ASIC chips technical
"leverages its experience in designing ASIC chips and mining machines to penetrate new cryptocurrency opportunities"
self-mining financial
"execute on a long-term strategic focus on self-mining"
Self-mining is when a person or company uses its own equipment and resources to create new cryptocurrency coins rather than buying them or hiring someone else to mine. For investors, it matters because self-mining turns computing power into an ongoing source of revenue and digital assets, like owning a small factory instead of just selling its products; it affects costs, cash flow, asset holdings and exposure to energy and regulatory risks.
safe harbor regulatory
"pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995"
Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.
Form 6-K: How Foreign Companies Report to the SEC →

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2026

 

Commission File Number: 001-42908

 

BGIN BLOCKCHAIN LIMITED

 

#09 12 Paya Lebar Square
60 Paya Lebar Road
Singapore 409051
+65 9658 5681

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒       Form 40-F ☐

 

 

 

 

 

Exhibit Index

 

Exhibit
Number		   Exhibit
99.1   Press Release – BGIN BLOCKCHAIN LIMITED Announces Resolution of Subsidiary’s Hosting Dispute and Full Recovery of Mining Machines

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  BGIN BLOCKCHAIN LIMITED
   
Date: April 13, 2026 By: /s/ Qingfeng Wu
  Name:  Qingfeng Wu
  Title: Chief Executive Officer
(principal executive officer)

 

2

Exhibit 99.1

 

BGIN BLOCKCHAIN LIMITED Announces Resolution of Subsidiary’s Hosting Dispute and Full Recovery of Mining Machines

 

Singapore – April 13, 2026 –BGIN BLOCKCHAIN LIMITED (the “Company”; NASDAQ: BGIN), a digital asset technology company with proprietary cryptocurrency mining technologies and a manufacturer of cryptocurrency mining hardware, today announced the successful resolution of a series of disputes involving its US subsidiary, BGIN Infrastructure, LLC (“BGIN”), and Mawson Hosting, LLC (“Mawson”), the landlord of BGIN’s former hosting service provider, Krypton Technologies, LLC (“Krypton”). As part of a confidential settlement agreement BGIN has recovered all of its mining machines.

 

The dispute stemmed from a Hosting Services Agreement dated June 14, 2024, between BGIN and Krypton, under which Krypton agreed to operate approximately 5,325 BGIN-owned mining machines. When Krypton ultimately defaulted on its obligations to its landlord, Mawson, the mining machines were seized by Mawson. Contemporaneously, BGIN provided written notice to Krypton terminating the Hosting Services Agreement and demanded the return of its mining machines; however, Krypton was unable to return the mining machines because they were in Mawson’s possession at that time.

 

On March 31, 2025, BGIN filed a complaint against Mawson in Beaver County, Pennsylvania, seeking the return of the mining machines and damages resulting from Mawson’s actions. On June 2, 2025, Mawson filed a third-party complaint against Krypton, asserting claims arising out of an agreement between Mawson and Krypton. After several months of litigation, as part of a confidential settlement agreement, Mawson agreed to return, and has since returned, the mining machines to BGIN.

 

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.

 

 

 

 

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 expectations concerning the deployment or redeployment of recovered mining machines, the Company's mining operations, 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

ir@bgin.com

Robin Yang

BGIN.IR@icrinc.com

 

Media Relations

pr@bgin.com

Brad Burgess

BGIN.PR@icrinc.com

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What dispute did BGIN Blockchain Limited (BGIN) resolve in this 6-K filing?

BGIN resolved a dispute involving its U.S. subsidiary BGIN Infrastructure, former hosting provider Krypton Technologies, and landlord Mawson Hosting. The conflict centered on a Hosting Services Agreement for operating BGIN’s mining machines, which were seized after Krypton defaulted on obligations to Mawson.

How many cryptocurrency mining machines did BGIN recover in the settlement?

BGIN recovered approximately 5,325 company-owned cryptocurrency mining machines. These rigs had been operated under a June 14, 2024 Hosting Services Agreement with Krypton Technologies and were later seized by Mawson Hosting, before being returned under a confidential settlement agreement.

What is the outcome of BGIN’s litigation with Mawson Hosting and Krypton?

After several months of litigation, the parties entered a confidential settlement agreement. Under this agreement, Mawson agreed to return, and has returned, all of BGIN’s mining machines. Financial terms or any damages are not described, but asset recovery is clearly stated as complete.

How does BGIN describe its core business and strategy in this filing?

BGIN describes itself as a digital asset technology company with proprietary cryptocurrency-mining technologies and ASIC-based hardware. It focuses on a long-term self-mining strategy and designs and manufactures mining machines under its ICERIVER brand for customers ranging from beginners to industrial-scale miners.

Does BGIN make forward-looking statements about the recovered mining machines?

Yes. BGIN notes that statements about expectations for deployment or redeployment of recovered mining machines, its mining operations, and strategic plans are forward-looking. It cautions that actual results may differ materially and refers investors to risk factors in its SEC filings.

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