Blockchain files for $ 50 million in the United States

Current currency mining factory in Singapore BLOCKCHAIN Limited applied public subscription in the United States, with the aim of raising up to $ 50 million.

According to a report from February 12, 2025 with the US Securities and Stock Exchange Committee (SEC), BGIN plans to provide about 59.54 million shares of Category A and 15.69 million shares of the regular B. The company also applied to include its category A on the Nasdaq Stock Exchange under the Ticker “BGIN” icon.

While BGIN did not reveal pricing details for the offer, Renaissance Capital Consultant Investment Company has estimated that the public subscription could generate up to $ 50 million.

Curve companies explore the general lists

BGIN is the public’s decision, increasing interest from companies related to the cryptocurrency that is considering or planning the initial subscriptions in the United States, especially after Donald Trump’s electoral victory, as he expressed his support for the local encryption sector. Founded in 2019, it focuses on developing mining devices designed for alternative encrypted currencies. The company specializes in designing and selling mining platforms for Kaspa, Alphium and Radiant (RXD).

The company also runs mining equipment hosting and currently runs thousands of mining platforms on behalf of customers, primarily in Nebraska and Iowa. In addition, its subsidiaries oversee 33,862 active mining platforms in various American sites, with 12,000 units not operating in the United States and Hong Kong.

In his file, Bign mentioned that almost all its revenues in the fiscal year 2022 came from the coded currency mining. However, in April 2023, the company began selling its mining machines, which represents more than 85 % of its revenues of that year. Bchni intends to use part of the money collected from the public subscription to expand research and development efforts.

Other companies related to the encoded currency also explores the general lists. The ETORO trading platform announced on February 12, 2025 that it has provided plans for public subscription to SEC, with details about the quantities of stocks and prices that have not yet been determined. BITGO, a nursery provider for encryption services, is said in discussions about a general offer in the second half of the year, although there is no final decision.