Bgin Blockchain (BGIN.US), a leading manufacturer of cryptocurrency mining equipment, has filed for a public listing in the United States, aiming to raise $50 million.

Bgin Blockchain (BGIN.US), a manufacturer of cryptocurrency mining equipment focused on alternative currencies, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission on Friday, seeking to raise $50 million. Bgin Blockchain is a digital asset technology company with proprietary cryptocurrency mining technology and a strategic focus on alternative cryptocurrencies. Bgin Blockchain designs and sells mining rigs through its operating subsidiaries, equipped with proprietary 8nm or 12nm ASIC chips, in different series, dedicated to mining KAS, ALPH, and RXD coins. The Singapore-based company was founded in 2019 and achieved revenue of $392 million in the 12 months ended June 30, 2024. The company plans to list on the Nasdaq under the ticker BGIN. Chardan Capital Markets and The Benchmark Company are joint bookrunners for the transaction. No pricing terms have been disclosed yet.