Bgin Blockchain Limited · NASDAQ:BGIN
Bgin Blockchain — IPO Roadshow (March 2025)
23 slides from Bgin Blockchain's IPO roadshow presentation, Mar 20, 2025
Slide 1: Issuer Free Writing Prospectus
SPECIALIZED IN CRYPTOCURRENCY MINING MACHINES ® Issuer Free Writing Prospectus dated March 20, 2025. Filed pursuant to Rule 433 of the Securities Act of 1933, as amended, relating to preliminary prospectus dated March 20, 2025 Registration No. 333 - 285108. Nasdaq: BGIN
Slide 2: Disclaimer
Disclaimer "This free writing prospectus relates to the proposed initial public offering of 6 , 250 , 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 "Registr
Slide 3: Preliminary Offering Summary
3 Preliminary Offering Summary Disclaimer: There is no guarantee that any specific results will be achieved. Past performance is not indicative of future results. Investments may be speculative, illiquid and there is a risk of loss. BGIN BLOCKCHAIN LIMITED Issuer: Nasdaq Capital Market / BGIN Listin
Slide 4: Who We Are
4 Who We Are Started in altcoin mining, BGIN has quickly established itself as a leader in ASIC 1 mining machine design and sales for Kaspa (KAS), while expanding into Bitcoin and other high - potential altcoins . A Leading Brand of Kaspa (KAS) Mining Machines 2 1. ASICs defined as “Application - Sp
Slide 5: Key Milestones: 2019 – 2022
Key Milestones: 2019 – 2022 Three Years of Accumulation: From FPGA Mastery to ASIC Readiness • Founded and designed FPGA 1 chip for self - mining • Achieved Ç4.6 million USD in revenue from self - mining • Constructed the 1 st U.S. mining farm • July : Started R&D for 12nm ASIC chips • Achieved Ç15
Slide 6: 2023 Key Milestones & Achievement
2023 Key Milestones & Achievement $257 Million USD Revenue (FY 2023) 12NM : started selling KAS mining machines equipped with 12nm ASIC chips since April 20MW : launched a new self - constructed mining farm with 20MW power capacity, enhancing its mining farm operation capacity 1 machine type for min
Slide 7: 2024 Key Milestones & Achievement
2024 Key Milestones & Achievement $144 Million USD Revenue (1H 2024) 8nm ASICs in the first half year of 2024 130MW : Expanded mining farm capacity to 130MW in the U.S., including own power and third - party leased power 3 machine types for mining KASPA, ALPH and RXD coins 47,252 KAS mining machines
Slide 8: R&D Roadmap: 2025 and Beyond
R&D Roadmap: o March 2025 : ▪ Launched 2 new models (KS7 and KS7LITE) for KAS mining; KS7 capable of achieving up to 30TH/s, doubling the hash rate of the previous best - performing model ▪ Launched 1 new model under the “AE” series for mining ALEO o In the process of designing new ASICs and mining
Slide 9: Founders Background Highlights
Founders Background Highlights Qiuhua (Oisin) Li Co - Founder and Chairman • A serial entrepreneur in cross - border e - commerce and blockchain technology • 16 years of experience in business and corporate management • Bachelor's degree in computer science from Tongji University • Completed Advance
Slide 10: Management & Director Background Highlights
Management & Director Background Highlights Chung Shing (Paul) Tsang Independent Director • Served as the Chief Risk Officer and Head of Risk & Quantitative Analysis at BlackRock Asia from 2015 to 2023 • Served as Director and Chairman of the Board Risk Committee at Bank of China Investment Manageme
Slide 11: Management & Director Background Highlights
Management & Director Background Highlights Nicholas Williams Communication Officer • From March 2021 to February 2025 served as the Chief Technology Officer of TNNS PRO LTD, a Web3 company with a focus on sports • From January 2010 to October 2023 served as a sales and marketing director of GEBECER
Slide 12: Management Background Highlights
Katherine Nelson Legal Officer and Compliance Officer • Over 20 years of experience in compliance and governance within the FinTech industry • From August 2022 to June 2023 served as Global Compliance Officer at ARDU Prime Crypto Services US, Inc., a blockchain and cryptocurrency exchange • Previous
Slide 13: Management & Director Background Highlights
Zhao (Mark) Xiang Co - Chief Financial Officer • Over 12 years of experience in financial management, including over 4 years at Shenzhen Likeshuo Network Technology Co. Ltd, a former variable interest entity (VIE) of BTC Digital Ltd. (Nasdaq: BTCT, formerly known as Meten Holding Group Ltd.) • Studi
Slide 14: A Vertically Integrated Business Model
A Vertically Integrated Business Model Self - mining Operations Early mover in mining a wide range of cryptocurrencies using proprietary FPGA 1 and ASIC chips with a proven track record of success Sale of Self - developed Mining Machines Sale of mining machines equipped with proprietary ASIC chips E
Slide 15: Results-Driven Research & Development
15 Results - Driven Research & Development 1. As of March 6 th , 2025. 2. As of March 10 th , 2025. 3. As of March 10 th , 2025, 4 models were used in self - mining; 8 were only for sale to customers; 2 were used for both self - mining and sale to customers Disclaimer: There is no guarantee that any
Slide 16: Mining Farms & Hosting Power Capacity
16 Mining Farms & Hosting Power Capacity • Our fleet has 130MW aggregate power capacity, with ~20MW from our own mining farms Nebraska Iowa, Texas, West Virginia, Ohio 110MW Leased from 3rd Party 20MW Own Capacity CURRENT OPERATIONS Self - Mining Machine Fleet 1 • We own 48,277 mining machines in to
Slide 17: Revenue & Gross Profit Breakdown – FY 2023
Self Mining, 5.1% Revenue & Gross Profit Breakdown – FY 2023 (Audited) Robust Financials with a Strong Balance Sheet and Zero Debt Sales of Mining Machines, 85.4% Hosting, 0.2% Breakdown of Revenue - FY 2023 Mining Pool, 9.3% Self Mining, 2.3% Breakdown of Gross Profit - FY 2023 Mining Pool, 0.1% Ho
Slide 18: Revenue & Gross Profit Breakdown – 1H 2024
Breakdown of Revenue – 1H 2024 Self Mining, 8.1% Hosting, 1.5% Mining Pool, 24.7% Sales of Mining Machines, 65.7% Self Mining, 7.9% Breakdown of Gross Profit – 1H 2024 Hosting, 0.7% Mining Pool, 0.4% Sales of Mining Machines, 91.1% Revenue & Gross Profit Breakdown – 1H 2024 (Audited) Robust Financia
Slide 19: Preliminary Estimates of FY 2024 Results (Unaudited)
Preliminary Estimates of FY 2024 Results (Unaudited) 19 We estimate that our total revenue for the fiscal year ended December 31, 2024, will be US$301.4 million (unaudited), as compared to US$257.3 million for the fiscal year ended December 31, 2023, and gross profit will be US$156.6 million (unaudi
Slide 20: Revenue Breakdown by Geographies and Customer Type
Revenue Breakdown by Geographies (FY 2023) Breakdown by Customer Type (FY 2023) For the six months ended June 30, 2024, we had 3,892 customers and no customer individually contributed to >10% of total revenue Mining Machines Sales Customer Breakdown A Diversified Customer Base: 4,445 Total Customers
Slide 21: Growth Strategy
Growth Strategy Value Chain Integration Expand New Machine Types models beyond the existing series and launching DOGE and BTC mining machine Expand Mining Farm & Hosting Operations Increase power capacity to 500MW by constructing, leasing or acquiring additional mining farms in the next 2 years Incr
Slide 22: Use of Proceeds
Use of Proceeds Development of Proprietary ASIC Chips General Corporate Expenditures Construction, leasing and acquisition of new mining farms and increasing overall mining capacity Developing proprietary chips for cryptocurrency mining machines Purchase and/or Construction of Mining Farms 60% of Fu
Slide 23: BGIN Investment Highlights
BGIN Investment Highlights Proprietary R&D Capabilities • Innovative, results - driven technology company with proprietary cryptocurrency R&D capabilities Experienced Leadership • Experienced and visionary management with a proven track record of achieving significant growth and strong financial res