v3.26.1
Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Total Revenue $ 67,395,903 $ 302,277,581 $ 257,268,371
Costs of Revenues:      
Total costs of revenues 142,988,309 174,591,671 58,095,028
Gross (loss) profit (75,592,406) 127,685,910 199,173,343
Operating costs and expenses:      
Selling expenses 393,458 702,916 1,148,308
General and administrative 13,868,940 7,157,554 14,570,383
Research and development 20,191,147 16,374,310 10,099,575
Realized loss on future contracts 560,492 726,746
Rewards earned from crypto short-term investments (right to receive cryptocurrencies) (438,266) (3,653,722)
Change in fair value of cryptocurrencies 23,355,675 8,446,437 (312,722)
Impairment of property and equipment 42,570,833 16,297,933
Total operating costs and expenses 100,502,279 46,052,174 25,505,544
(Loss) income from operations (176,094,685) 81,633,736 173,667,799
Other (income) expenses:      
Foreign exchange loss 189,490 509,319 131,366
Interest income (942,892) (1,174,582) (63,112)
Other (income) expenses, net (729,507) 1,512,933 26,073
Total other (income) expenses (1,482,909) 847,670 94,327
(Loss) income before provision for income taxes (174,611,776) 80,786,066 173,573,472
Current income tax expenses 228,677 16,757,614 34,090,755
Deferred income tax expense (recovery) 2,112,353 (2,112,353) (278,065)
Income tax expense 2,341,030 14,645,261 33,812,690
Net (loss) income (176,952,806) 66,140,805 139,760,782
Net (loss) income attributable to non-controlling interest (94,972) 208,558 52,589
Net (loss) income attributable to ordinary shareholders (176,857,834) 65,932,247 139,708,193
Total (176,952,806) 66,140,805 139,760,782
Foreign currency translation adjustment - gain 870
Total comprehensive (loss) income (176,952,806) 66,140,805 139,761,652
Comprehensive (loss) income attributable to non-controlling interest (94,972) 208,558 52,589
Comprehensive (loss) income attributable to ordinary shareholders (176,857,834) 65,932,247 139,709,063
Total $ (176,952,806) $ 66,140,805 $ 139,761,652
Basic (losses) earnings per share attribute to BGIN BLOCKCHAIN LIMITED ordinary shareholders (in Dollars per share) [1] $ (1.62) $ 0.61 $ 1.3
Diluted (losses) earnings per share attribute to BGIN BLOCKCHAIN LIMITED ordinary shareholders (in Dollars per share) [1] $ (1.62) $ 0.61 $ 1.3
Weighted average number of Class A and Class B ordinary shares outstanding- Basic (in Shares) [1] 109,060,159 107,812,503 107,812,503
Weighted average number of Class A and Class B ordinary shares outstanding- Diluted (in Shares) [1] 109,060,159 107,812,503 107,812,503
Mining revenue      
Revenues:      
Total Revenue $ 42,940,318 $ 45,030,201 $ 13,000,074
Sales of mining machines      
Revenues:      
Total Revenue 15,254,872 192,162,144 219,782,989
Hosting revenue      
Revenues:      
Total Revenue 3,339,426 6,247,292 482,186
Mining pool revenue      
Revenues:      
Total Revenue 5,861,287 58,837,944 24,003,122
Costs of mining revenue      
Costs of Revenues:      
Total costs of revenues 63,333,746 29,711,122 8,451,706
Costs of sales of mining machines      
Costs of Revenues:      
Total costs of revenues 71,207,327 81,713,511 25,389,335
Costs of hosting revenue [Member]      
Costs of Revenues:      
Total costs of revenues 2,643,980 4,897,740 488,837
Costs of mining pool revenue [Member]      
Costs of Revenues:      
Total costs of revenues $ 5,803,256 $ 58,269,298 $ 23,765,150
[1] The number of ordinary shares has been retrospectively adjusted for the 1-for-10 share subdivision effected on February 3, 2025 (the “February 2025 Share Subdivision”), the increase of share capital effected on February 3, 2025 (the “Share Capital Increase”) and the issuance of the an aggregate of 19,770,000 Class A ordinary shares and 5,230,000 Class B ordinary shares on February 3, 2025 to existing shareholders of BGIN BLOCKCHAIN LIMITED on a pro rata basis (the “Share Issuance”), and the 1-for-1.4375 share subdivision effected on July 16, 2025 (the “July 2025 Share Subdivision”)