BGIN Blockchain Ltd Develops 4nm Miner Prototype as 2025 Revenue Plunges 78%
BGIN Blockchain Ltd developed a 4nm bitcoin miner prototype and pivoted to Bitcoin and Dogecoin mining with three revenue engines: hardware, mining operations and hosting. The company posted a $177 million net loss in 2025 as revenue plunged from $302.3 million to $67.4 million and mining machine sales fell to $15.3 million.
1. Technical Breakthrough
BGIN Blockchain Ltd unveiled a 4nm bitcoin miner prototype marking its first in-house chip development and demonstrating advanced R&D capabilities in high-efficiency crypto mining hardware.
2. Sharp Revenue Decline
Revenue for 2025 tumbled 78% to $67.4 million from $302.3 million in 2024, driven by a collapse in mining machine sales to $15.3 million and higher operational expenses, resulting in a $177 million net loss.
3. Strategic Pivot and Outlook
The company shifted focus to Bitcoin and Dogecoin mining operations, backed by its three-engine model of hardware sales, high-efficiency mining, and hosting services, aiming to optimize energy costs and leverage its proprietary chip design for future growth.