According to Mars Finance, Singapore's crypto mining rig manufacturer Bgin Blockchain announced plans to publicly issue 5 million Class A ordinary shares, with an issuance price of 6 USD per share, raising a total of 30 million USD. This issuance is expected to be completed around October 22, 2025, but is subject to customary closing conditions. The new funds will be used for the acquisition or construction of mining farms, as well as the development of new proprietary chips for crypto assets mining machines, among other matters.
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Singapore encryption Mining Rig manufacturer Bgin Blockchain plans to raise 30 million USD through a share placement.
According to Mars Finance, Singapore's crypto mining rig manufacturer Bgin Blockchain announced plans to publicly issue 5 million Class A ordinary shares, with an issuance price of 6 USD per share, raising a total of 30 million USD. This issuance is expected to be completed around October 22, 2025, but is subject to customary closing conditions. The new funds will be used for the acquisition or construction of mining farms, as well as the development of new proprietary chips for crypto assets mining machines, among other matters.