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Bgin Blockchain Ltd. Class A (BGIN) AI Stock Analysis
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Bgin Blockchain Ltd. Class A
(NASDAQ:BGIN)
BGIN scores near the bottom of the range, driven overwhelmingly by severely deteriorating fundamentals: an approximate 78% revenue collapse, negative gross margins, a $200M TTM net loss, and persistently negative operating cash flow in every period on record. Equity has fallen from $210M to $29M, meaning the current burn rate creates pressing solvency and dilution risk despite the company being essentially debt-free. Technicals reinforce the caution, with the stock below all key moving averages and far beneath its 200-day average, though an extremely oversold stochastic reading hints at the potential for a short-term bounce. Valuation provides no cushion given negative earnings and no dividend. Earnings call and corporate event data were unavailable and excluded.
Bgin Blockchain Ltd. Class A (BGIN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $199.12M
- Dividend Yield
- ―
- Average Volume (3M)
- 247.98K
- Price to Earnings (P/E)
- -1.0
- Beta (1Y)
- 1.38
- 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 distressed across all three statements. Revenue has collapsed from $302M in 2024 to $67M in 2025 and $37M on a TTM basis, while gross margin has turned deeply negative (about -308%), producing a TTM operating loss of $166M and net loss of $200M. The balance sheet's only redeeming feature is a near debt-free structure (debt-to-equity of 0.07), but equity has eroded from $210M to $29M and total assets have shrunk roughly 75%, with return on equity near -479%. Cash flow is the weakest link: operating cash flow has been negative in every period on record — even in the profitable 2023-2024 years — with a TTM operating outflow of $115M and free cash flow of -$118M against just $29M of remaining equity, creating an urgent 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 Negative. The current price of 1.76 is below the 20-day moving average (MA) of 1.97, below the 50-day MA of 1.99, and below the 200-day MA of 2.53, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 40.05 is Neutral, neither overbought nor oversold. The STOCH value of 37.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
IONQ57Neutral
QBTS47Neutral
QUBT40Underperform
EBON39Underperform- BGIN38Underperform
CAN37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IONQ | 57Neutral | $12.90B | -7.00 | -39.34% | ― | 370.64% | -112.64% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| QBTS | 47Neutral | $4.04B | -15.00 | -26.67% | ― | -44.22% | 32.82% |
| QUBT | 40Underperform | $1.49B | -102.01 | -1.06% | ― | 3635.36% | 90.58% |
| EBON | 39Underperform | $11.87M | -0.95 | -5.14% | ― | -6.25% | 32.66% |
| BGIN | 38Underperform | $199.12M | -0.99 | -479.46% | ― | ― | ― |
| CAN | 37Underperform | $145.28M | -0.44 | -80.25% | ― | 27.88% | 49.54% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| BGIN | Bgin Blockchain Ltd. Class A | 1.76 | -2.17 | -55.22% | |
| QUBT | Quantum Computing | 6.60 | -8.78 | -57.09% | |
| CAN | Canaan Inc. | 0.20 | -1.10 | -84.62% | |
| EBON | Ebang International Holdings, Inc. | 1.89 | -2.40 | -55.94% | |
| IONQ | Ionq, Inc. | 30.04 | -28.36 | -48.56% | |
| QBTS | D-Wave Quantum Inc. | 10.65 | -22.44 | -67.82% |
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...
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: Oct 17, 2026