BGIN Blockchain Limited Reaches Critical Milestone in Bitcoin Mining Machine Development

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Scheduled for a Q1 2026 launch, the BT1 Series, featuring advanced ASIC technology, marks the company’s entry into Bitcoin mining.

SINGAPORE, Oct. 23, 2025 — BGIN Blockchain Limited (“BGIN” or “The Company”), a digital asset technology firm renowned for its proprietary cryptocurrency mining technologies and innovation in mining hardware and infrastructure, today announced a significant achievement in the development of its pioneering BT1 series mining machines, specifically engineered for Bitcoin. Set to debut in early 2026, this new series signals BGIN’s strategic expansion into the Bitcoin market, building on its extensive background in ASIC chip design and alternative cryptocurrency mining solutions.

BT1 Tape-out Initiative

BGIN has successfully completed the design and simulation validation for its cutting-edge Bitcoin mining machine, the BT1 model. Following confirmation with its foundry partner, the ASIC chip has now officially advanced to the tape-out stage, a crucial step in chip development. Tape-out signifies a pivotal transition from the design phase to physical manufacturing within the overall chip development process. Since 2022, the Company has a proven track record, having successfully completed six tape-outs for ASIC mining chip designs.

Advanced Technology and Progress

The BT1 series will utilize BGIN’s proprietary ASIC chips, developed by its globally distributed research and development team. This team, under the leadership of Chief Technology Officer Qi Shao, possesses deep expertise in both blockchain technology and electronics development.

Building upon the success of BGIN’s recently introduced KS7 model, which achieved an internal test hash rate of up to 30 TH/s—effectively doubling the performance of previous models—the BT1 series is projected to offer industry-leading efficiency and performance for Bitcoin mining operations.

Expanded Product Portfolio

The BT1 series will become part of BGIN’s growing portfolio of proprietary ICERIVER® mining solutions, which includes:

  • KS Series.
  • AL Series.
  • RX Series.
  • AE Series.BL1 Series.

“The creation of our BT1 series marks a significant juncture in BGIN’s growth trajectory,” stated Allen Wu, Chief Executive Officer at BGIN Blockchain Limited. “By applying our established expertise in ASIC chip design to Bitcoin mining, we are confident in our ability to deliver highly efficient Bitcoin mining solutions, a confidence further reinforced by our successful tape-out.”

About BGIN Blockchain Limited

BGIN BLOCKCHAIN LIMITED is a digital asset technology company that develops proprietary cryptocurrency-mining technologies. While historically focused on altcoins, the company is now leveraging its experience in designing ASIC chips and mining machines to enter new prominent cryptocurrency markets, aligning with a long-term strategic focus on self-mining. BGIN’s mission is to democratize crypto mining by developing innovative products tailored to diverse market requirements, catering to everyone from novice miners to large-scale industrial operations. BGIN designs and manufactures mining machines under its ICERIVER brand, offering customers operational flexibility through advanced mining infrastructure and hosting services.

Safe Harbor Statement

This press release contains statements that may be considered “forward-looking” within the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. Statements that are not historical facts, including those concerning BGIN’s beliefs, plans, and expectations, constitute forward-looking statements. These statements reflect BGIN’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements. These statements are also subject to uncertainties and risks including, but not limited to, those related to market conditions and the completion of the initial public offering on the anticipated terms or at all, as well as other factors detailed in the “Risk Factors” section of BGIN’s registration statement filed with the SEC. For these and other reasons, investors are advised against placing undue reliance on any forward-looking statements in this press release. Additional factors are outlined in BGIN’s filings with the SEC, which are accessible for review at . All information provided in this press release is accurate as of its publication date, and BGIN assumes no obligation to update any forward-looking statement, except as mandated by applicable law.

Media Contact:

Nick Williams
BGIN Communications Officer

Brad Burgess