Cryptocurrency mining equipment manufacturer Bgin Blockchain (BGIN.US) applies for listing in the US, aiming to raise $50 million.

Focused on alternative currency, the cryptocurrency mining equipment manufacturer Bgin Blockchain (BGIN.US) submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission last Friday, with plans to raise $50 million. Bgin Blockchain is a digital asset technology company with proprietary cryptocurrency mining technology and a strategic focus on alternative cryptocurrencies. Through its operating subsidiaries, Bgin Blockchain designs and sells mining rigs equipped with proprietary 8nm or 12nm ASIC chips, specifically for mining KAS, ALPH, and RXD coins. Founded in Singapore in 2019, the company generated $392 million in revenue in the 12 months ending June 30, 2024. The company plans to list on the Nasdaq under the ticker symbol BGIN. Chardan Capital Markets and The Benchmark Company are the joint book-running managers for the transaction. Pricing terms have not yet been disclosed.