Bgin Blockchain Limited · NASDAQ:BGIN
Bgin Blockchain — IPO Roadshow (September 2025)
24 slides from Bgin Blockchain's IPO roadshow presentation, Sep 18, 2025
Slide 1: BGIN Blockchain Limited Investor Presentation
| Issuer Free Writing Prospectus dated September 17, 2025 Filed Pursuant to Rule 433 of the Securities Act of 1933, as amended Relating to Preliminary Prospectus dated September 11, 2025 Registration Statement No. 333 - 285108 BGIN BLOCKCHAIN LIMITED Proposed Nasdaq Ticker: BGIN Investor Presentatio
Slide 2: Disclaimer
| Disclaimer This free writing prospectus relates to the proposed initial public offering of 6,000,000 Class A ordinary shares (the "Class A Ordinary Shares") of BGIN BLOCKCHAIN LIMITED (the "Company," "we," "our," or "us") and should be read together with the registration statement (the "Registrati
Slide 3: Preliminary Offering Summary
Preliminary Offering Summary BGIN BLOCKCHAIN LIMITED Issuer: Nasdaq Global Market / BGIN Listing / Ticker: Class A Ordinary Shares Securities: Initial Public Offering Offering Type: 6,000,000 Class A Ordinary Shares (100% primary) Base Offering size: 900,000 Class A Ordinary Shares (100% primary) Ov
Slide 4: Who We Are
Self - mining Operations Manufacturing & Selling Mining Machines Hosting Services For Miners Operating Mining Pools Power Capacity • 47 MW of power in use, with 19.4MW from our own mining farms CURRENT OPERATIONS Self - Mining Machine Fleet • We own 72,825 mining machines in total FUTURE EXPANSION •
Slide 5: A Diversified Revenue Base
• Mitigate revenue volatility • Reduce reliance on any individual business line • Deliver operational stability • Cross - sell opportunities • Access multiple markets to achieve operating targets A DIVERSIFIED REVENUE BASE Multiple revenue channels across a synergistic business model Manufacturing M
Slide 6: Business Segment: Manufacturing
BUSINESS SEGMENT: MANUFACTURING Technical expertise and reliable operations backed by R&D capabilities • Proprietary chip design & manufacturing expertise — trusted by other miners; sales drive growth capital • Broad product range — from home to industrial - scale; cost - effective and energy - effi
Slide 7: Business Segment: Mining
BUSINESS SEGMENT: MINING Executing on long term strategic focus on self - mining • Initial focus on growing with alternate, smaller cryptocurrencies (less working capital required) • Mined 13 different cryptocurrencies in 2024 (6 in 2023) • 10,180 machines in operation • Ready to target large - cap
Slide 8: Business Segment: Hosting
BUSINESS SEGMENT: HOSTING User - friendly hosting service Hosting • Buyers of certain proprietary mining machines are offered hosting services • Elective, value added service to support our customers • A portion of our mining farm capacity is utilized • Hosting services offered at a BGIN mining farm
Slide 9: Business Segment: Mining Pools
BUSINESS SEGMENT: MINING POOLS Non - core ancillary activity to support customers • BGIN offers mining pool services • Low margin business segment but supports mining machine customers • BGIN currently offers mining pool services for 5 mineable cryptocurrencies • Additional cryptocurrencies can be a
Slide 10: BGIN Investment Highlights
BGIN INVESTMENT HIGHLIGHTS Defensible, synergistic and scalable business model Innovative R&D Operational Flexibility Management Team Proprietary Technologies x 40+ member R&D team, proprietary software, and machines for multiple segments 10 *Frost & Sullivan report entitled “Global Blockchain and C
Slide 11: Innovative R&D Capabilities
INNOVATIVE R&D CAPABILITIES Proven technical expertise Innovative R&D 40+ member R&D team • Continued investment in R&D enabling launch of new capabilities • Mining pool services • Multiple ASIC chips • New machines to mine Bitcoin and Dogecoin (H1 2026) • Proprietary software to make mining more ef
Slide 12: Maintaining Operational Flexibility
MAINTAINING OPERATIONAL FLExIBILITY Nimble organization able to opportunistically exploit new opportunities Operational Flexibility Ability to identify and seize new revenue opportunities • Generated growth capital by leveraging manufacturing capability • Opportunistically cross - sell machine buyer
Slide 13: Defensible Proprietary Technologies
DEFENSIBLE PROPRIETARY TECHNOLOGIES Growth prospects supported by unique technological innovations and capabilities Proprietary Technologies Technology Expansion & Integrated Solutions Focus on growing proprietary R&D capabilities since inception 6 successful tape - outs 14 out of 27 models put mode
Slide 14: Experienced Management Team
ExPERIENCED MANAGEMENT TEAM Shared vision, diverse capabilities • Experienced and visionary management team • Co - founders have worked together since inception in 2019 • Extensive technology sector and management experience • Hardware design expertise • The broader team complements the co - founder
Slide 15: Team Introduction – Management
TEAM INTRODUCTION – MANAGEMENT Experienced and innovative leadership driving strategy Qiuhua “Oisin” Li Chairman & Co - Founder • A serial entrepreneur in cross - border e - commerce and blockchain technology • 16 years of experience in business and corporate management • Bachelor‘s degree in comput
Slide 16: Team Introduction – Management (Cont'd)
TEAM INTRODUCTION – MANAGEMENT (CONT’D) Experienced and innovative leadership driving strategy Katherine Nelson Legal & Compliance Officer • Over 20 years of experience in compliance, legal & governance in the FinTech industry • Global Compliance Officer, ARDU Prime Crypto Services US, Inc., a block
Slide 17: Team Introduction – Independent Board Members
TEAM INTRODUCTION – INDEPENDENT BOARD MEMBERS Seasoned board with expertise in finance, technology, and risk management Chung Shing “Paul” Tsang • Chief Risk Officer & Head of Risk & Quantitative Analysis, BlackRock Asia (2015 – 2023) • Director and Chairman of Board Risk Committee, Bank of China In
Slide 18: Integrated Business Model
Integrated Business Model • Capturing synergies by operating across the cryptocurrency mining value chain • Scale revenue by cross - selling to external customers • Enhance proprietary mining business faster by reducing marginal costs • Limited dependency on any individual business segment mitigates
Slide 19: Revenue & Gross Profit – FY 2024 Audited Results
Robust financials with a strong balance sheet and zero debt Breakdown of Revenue - FY 2024 Breakdown of Gross Profit - FY 2024 Total Revenue: $302M • Sales of Mining Machines – $192M • Self Mining – $45M • Hosting – $6M • Mining Pool - $58M Total Gross Profit: $128M • Sales of Mining Machines – $110
Slide 20: Transitioning Towards a Focus on Self-Mining
Transitioning towards a focus on self - mining FY 2023 VS. 2024 AUDITED RESULTS $220 $13 $0 $24 $257 $192 $45 $6 $59 $302 Sales of Mining Machine Self Mining Hosting Mining Pool Total Revenue Breakdown: FY 2023 vs FY 2024 ($USD MM) FY 2023 FY 2024 $194 $5 $199 $110 $15 $128 Sales of Mining Machine S
Slide 21: Mining Machines Sales Customer Breakdown
Revenue Breakdown by Geographies (FY 2024) Breakdown by Customer Type (FY 2024) MINING MACHINES SALES CUSTOMER BREAKDOWN A diversified customer base: 7,231 total customers as of 2024YE Hong Kong, China 33% United States 23% Singapore 16% Vietnam 4% Taiwan, China 5% BVI 3% 3% England and Wales 3% Mal
Slide 22: H1 2025 Unaudited Results
H1 2025 UNAUDITED RESULTS* Our focus in 2025 is to invest and pursue the larger growth opportunities • H1 2025 revenues were approximately $48M • Gross loss was approximately $6M in H1 2025 | 22 financial results for this period. See offering documents for further risks and disclosures. There is no
Slide 23: Use of Proceeds
Research and development of proprietary ASIC chips General corporate purposes Increasing overall mining capacity Developing proprietary chips for cryptocurrency mining machines Purchase and/or construction of mining farms* 60% of Funds Raised 8% of Funds Raised 32% of Funds Raised USE OF PROCEEDS |
Slide 24: Contact
lssuer ˖ BGIN BLOCKCHAIN LIMITED Email: ir@bgin.com Tel: +65 9658 5681 Address: #09 12 Paya Lebar Square, 60 Paya Lebar Road, Singapore 409051 Underwriter ˖ D. Boral Capital LLC Email: info@dboralcapital.com Tel: +1 (212) 970 - 5150 Address: 590 Madison Ave 39th Floor New York, NY 10022 Contact | 24