Bgin Blockchain Limited
BGIN · Price history
Price at last available close
$1.82
−$0.57 (-23.85%) 1M
2026-10-29
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Company & revenue
About Bgin Blockchain Limited
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Bgin Blockchain Limited, through its subsidiaries, operates as a digital asset technology company in Singapore, Hong Kong, the United States, and rest of Southeast Asia. It produces cryptocurrencies through its mining operations. The company also designs and sells mining machines for individual miners and distributors, as well as develops computer chips.
How they make money
BGIN Blockchain Limited generates revenue primarily through the design, manufacture, and sale of cryptocurrency mining hardware under the ICERIVER brand. Additionally, the company executes a strategic focus on self-mining operations and provides hosting services to customers, leveraging its proprietary ASIC chip design capabilities.
Products & services
Cryptocurrency mining machines (ASIC-based), mining infrastructure, and cryptocurrency hosting services.
Brands & revenue mix
The primary brand under which the company designs and manufactures its cryptocurrency mining machines.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company does not disclose specific customer concentration figures in its 2025 annual report.
Suppliers, materials & equipment
- Semiconductor foundries — The company relies on third-party semiconductor foundries for the manufacturing of its proprietary ASIC chips; the specific supplier names are not disclosed.Source
Competitors
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
10
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
49
Weak
Financial Strength
72
Business Quality / Moat
50
Management
60
Growth Quality
0
Risk / Durability
30
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
- •Balance-sheet / debt profile scores strongly
- •CRITICAL: Bankruptcy / liquidation risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for BGIN
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving BGIN's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can BGIN fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is BGIN likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for BGIN to reach sustainable profitability?
- •What future growth or profitability would be needed to justify BGIN's current valuation?
Essential Investment Snapshot
Wall Street Score
10
Market Cap
$205.9M
P/E Ratio
-1.3
EPS
$-1.78
52-Week High
$6.50
52-Week Low
$1.61
Beta
1.26
Shares Outstanding
113.1M
Total Revenue
$37.0M
Total Debt
$2.0M
Dividend
No current dividend
Liquidation Value / Share
$0.26
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for BGIN
Detected from reported data — verify before acting.CRITICAL: Bankruptcy / liquidation risk
A recent SEC filing contains bankruptcy/liquidation language. Wall Street Score is capped at 10.
Supporting filingCommunity Sentiment
0 active · 0 total callsNo personal call yet on BGIN.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary ASIC chip design capabilities.
- +Vertical integration across hardware manufacturing and self-mining.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Computer Hardware industry.
- −Volatility in cryptocurrency market prices.
- −Dependence on third-party semiconductor foundries for chip production.
- −Regulatory uncertainty regarding digital assets.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
25
Sep 9, 2026
Change
-14.7
points
Current Score
10
Oct 1, 2026
Category Changes
BGIN decreased 14.7 points because Asset declined by 5.5 points.
Positive Contributors
- + Management improved by 20 points
Negative Contributors
- − Asset declined by 5.5 points
Projected Score
Projected Score
2
Projected Change
-7.9 points
Preliminary comparable-period financial changes suggest decline of approximately 7.9 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.82
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: -77.7%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | — | $67.4M | $302.3M | $257.3M | ···· | ···· |
| Cost of Revenue | — | $143.0M | $174.6M | $58.1M | ···· | ···· |
| Gross Profit | — | -$75.6M | $127.7M | $199.2M | ···· | ···· |
| Research & Development | — | $20.2M | $16.4M | $10.1M | ···· | ···· |
| SG&A Expenses | — | $12.5M | $7.8M | $15.4M | ···· | ···· |
| Operating Expenses | — | $34.5M | $46.1M | $25.5M | ···· | ···· |
| EBITDA | — | -$89.0M | $113.1M | $176.3M | ···· | ···· |
| Operating Income | — | -$110.0M | $81.6M | $173.7M | ···· | ···· |
| Interest Expense | — | $0.00 | $0.00 | $2.2M | ···· | ···· |
| Income Before Tax | — | -$174.6M | $80.8M | $173.6M | ···· | ···· |
| Income Tax Expense | — | $2.3M | $14.6M | $33.8M | ···· | ···· |
| Net Income | — | -$176.9M | $65.9M | $139.7M | ···· | ···· |
| Basic EPS | — | $-1.56 | $0.58 | $1.22 | ···· | ···· |
| Basic Shares | 113M | 113M | 114M | 114M | ···· | ···· |
| Diluted Shares | 113M | 113M | 114M | 114M | ···· | ···· |
Earnings Summary
Revenue
$3.7M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.11
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
No material change
Cash Change
No material change
Margin Change
No material change
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Potential Score Impact
Pressure indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue was essentially unchanged. EPS was essentially unchanged. Cash was essentially unchanged. Total debt was essentially unchanged. Net income margin was essentially unchanged.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Computer HardwareRumor Mill · BGIN
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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