BGIN Blockchain Limited (NASDAQ: BGIN) ("BGIN" or "The Company"), a leading innovator in cryptocurrency mining hardware and infrastructure, has announced a significant breakthrough in the development of its BT1 series Bitcoin mining machines. This milestone marks the Company's strategic expansion into the Bitcoin mining market, leveraging its extensive expertise in ASIC chip design and alternative cryptocurrency mining technologies. The BT1 series is slated for launch in early 2026.
BGIN has successfully completed the design and simulation verification for its cutting-edge BT1 Bitcoin mining machine. The ASIC chip has now entered the tape-out phase--a critical step in transitioning from design to physical production. This achievement builds on the Company's proven track record, with six successful ASIC mining chip tape-outs since 2022.
The BT1 series will feature BGIN's proprietary ASIC chips, developed by a global research and development team led by Chief Technology Officer Qi Shao. With extensive experience in blockchain technology and electronics, the team has designed the BT1 series to deliver industry-leading efficiency and performance.
Building on the success of the KS7 model, which achieved a hash rate of up to 30 TH/s in internal tests--double the performance of previous models--the BT1 series is expected to set new benchmarks for Bitcoin mining operations.
Expanding Product Portfolio
The BT1 series will join BGIN's growing lineup of ICERIVER(R) mining solutions, which includes:
- KS Series
- AL Series
- RX Series
- AE Series
- BL1 Series
"The development of the BT1 series marks a pivotal moment in BGIN's growth," said Allen Wu, Chief Executive Officer of BGIN Blockchain Limited. "By applying our proven ASIC chip design expertise to Bitcoin mining, we are confident in our ability to deliver efficient and high-performance solutions, as demonstrated by the successful tape-out of the BT1 model."
About BGIN Blockchain Limited
BGIN Blockchain Limited is a digital asset technology company specializing in cryptocurrency mining technologies. With a historical focus on altcoins, the Company has leveraged its expertise in ASIC chip design and mining machine development to expand into new cryptocurrency opportunities. BGIN's mission is to make crypto mining accessible to all, offering innovative products tailored to a wide range of users, from beginners to large-scale industrial miners.
Under its ICERIVER(R) brand, BGIN designs and manufactures mining machines, providing customers with advanced mining infrastructure and hosting services for operational flexibility.
For more information on BGIN Blockchain Limited please visit www.bgin.com
