Bgin Blockchain Ltd. Class A AI Stock Analysis
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Bgin Blockchain Ltd. Class A (BGIN) AI Stock Analysis
Bgin Blockchain Ltd. Class A
(NASDAQ:BGIN)
BGIN scores low overall, driven primarily by badly deteriorated fundamentals: collapsing revenue, negative gross margins, a $200M TTM net loss, and persistent negative operating cash flow that has shrunk shareholders' equity from $210M to $29M. The absence of meaningful debt is a genuine positive, but it is being offset by an urgent need to stem cash burn or raise capital. Strong technical momentum — with the price trading well above all key moving averages and a positive MACD — provides the main offset and lifts the score off its floor, though an RSI near 72 suggests the rally is extended. Valuation adds no support given negative earnings and no dividend. Investors should view the stock as speculative, with momentum rather than fundamentals currently driving performance.
Bgin Blockchain Ltd. Class A (BGIN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $438.97M
- Dividend Yield
- ―
- Average Volume (3M)
- 233.17K
- Price to Earnings (P/E)
- -2.2
- Beta (1Y)
- 3.39
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- US
- Employees
- 88
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
Bgin Blockchain Ltd. Class A Business Overview & Revenue Model
Company Description
Bgin Blockchain Limited, through its subsidiaries, operates as a digital asset technology company in Singapore, Hong Kong, the United States, and rest of Southeast Asia. It produces cryptocurrencies through its mining operations. The company also des...
Bgin Blockchain Ltd. Class A Financial Statement Overview
Summary
The financials are severely impaired. Revenue has collapsed from $302M in 2024 to $67M in 2025 and $37M on a TTM basis, with gross margin now deeply negative (about -308%) and a TTM net loss of $200M — far larger than annual revenue. Operating cash flow has been negative in every period on record, even during the profitable 2023-2024 years, with a TTM operating outflow of $115M and free cash flow of -$118M, signalling poor earnings quality. The one clear strength is a near debt-free capital structure (debt/equity of 0.07), but that cushion is eroding fast: equity has fallen from $210M to $29M and total assets have shrunk roughly 75%, creating pressing funding and dilution risk.
Income Statement
14Very NegativeBalance Sheet
36NegativeCash Flow
10Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.97M | 67.40M | 302.28M | 257.27M | 15.05M | 21.52M |
| Gross Profit | -113.80M | -75.59M | 127.69M | 199.17M | 8.93M | 14.87M |
| EBITDA | -132.93M | -89.00M | 113.11M | 176.32M | 1.63M | 12.21M |
| Net Income | -200.28M | -176.86M | 65.93M | 139.71M | -220.38K | 7.71M |
Balance Sheet | ||||||
| Total Assets | 68.03M | 92.84M | 270.79M | 191.67M | 11.89M | 15.05M |
| Cash, Cash Equivalents and Short-Term Investments | 31.42M | 26.29M | 114.80M | 46.70M | 601.73K | 3.65M |
| Total Debt | 1.99M | 219.80K | 445.40K | 348.02K | 500.52K | 0 |
| Total Liabilities | 38.86M | 38.09M | 60.73M | 42.75M | 2.77M | 5.37M |
| Stockholders Equity | 29.05M | 54.49M | 209.71M | 148.78M | 9.03M | 9.67M |
Cash Flow | ||||||
| Free Cash Flow | -118.43M | -171.08M | -212.31M | -37.97M | -17.94M | -10.38M |
| Operating Cash Flow | -114.64M | -166.90M | -199.34M | -31.29M | -12.74M | -6.20M |
| Investing Cash Flow | 92.10M | 55.55M | 267.98M | 77.74M | 9.65M | 10.75M |
| Financing Cash Flow | 41.22M | 22.83M | -538.69K | -361.58K | 350.12K | -963.12K |
Bgin Blockchain Ltd. Class A Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BGIN, the sentiment is Positive. The current price of 3.88 is above the 20-day moving average (MA) of 1.93, above the 50-day MA of 2.00, and above the 200-day MA of 2.47, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 82.42 is Negative, neither overbought nor oversold. The STOCH value of 83.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BGIN.
Bgin Blockchain Ltd. Class A Risk Analysis
Bgin Blockchain Ltd. Class A disclosed 101 risk factors in its most recent earnings report. Bgin Blockchain Ltd. Class A reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksBgin Blockchain Ltd. Class A Peers Comparison
Overall Rating
IONQ48Neutral
QBTS47Neutral
QUBT46Neutral
EBON44Neutral- BGIN41Neutral
CAN37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IONQ | 48Neutral | $13.35B | 40.68 | 4.80% | ― | 376.53% | ― |
| QBTS | 47Neutral | $3.74B | -22.23 | -15.32% | ― | -45.33% | 68.30% |
| QUBT | 46Neutral | $1.32B | -37.16 | -2.04% | ― | 3368.86% | 75.45% |
| EBON | 44Neutral | $10.36M | -0.81 | -5.14% | ― | -6.25% | 32.66% |
| BGIN | 41Neutral | $312.26M | -2.17 | -479.46% | ― | ― | ― |
| CAN | 37Underperform | $115.34M | -0.39 | -74.59% | ― | -27.47% | 42.58% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| BGIN | Bgin Blockchain Ltd. Class A | 3.88 | 0.70 | 22.01% | |
| QUBT | Quantum Computing | 5.56 | -5.94 | -51.65% | |
| CAN | Canaan Inc. | 0.15 | -0.70 | -81.95% | |
| EBON | Ebang International Holdings, Inc. | 1.62 | -2.04 | -55.74% | |
| IONQ | Ionq, Inc. | 28.88 | -18.91 | -39.57% | |
| QBTS | D-Wave Quantum Inc. | 9.56 | -13.27 | -58.13% |
Bgin Blockchain Ltd. Class A Corporate Events
BGIN Blockchain Posts Sharp Revenue Drop and Equity Erosion in First-Half 2026 Results
On September 25, 2026, BGIN Blockchain Limited reported unaudited interim financial results for the six months ended June 30, 2026, showing a sharp contraction in top-line performance and profitability. Total revenue fell to about $7.4 million from $...
Bgin Blockchain Adopts Cayman Governance Exemptions from Nasdaq Rules
On September 15, 2026, Bgin Blockchain Limited disclosed that it has elected to rely on specific Cayman Islands home country rule exemptions under Nasdaq’s corporate governance listing standards. The company will not be bound by Nasdaq’s requirements...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 14, 2026