<p>The crypto industry is making big moves, and Bgin Blockchain wants a piece of the action. The Singapore-based manufacturer of <a href="https://coinpedia.org/beginners-guide/what-is-cryptocurrency-mining/" rel="noopener noreferrer nofollow">cryptocurrency mining</a> rigs has officially filed for an initial public offering (IPO) in the United States.</p><p>With the <a href="https://www.sec.gov/Archives/edgar/data/1945565/000121390025015852/ea0202759-09.htm" rel="noopener noreferrer nofollow">filing submitted</a> to the U.S. Securities and Exchange Commission (SEC) on February 21, 2025, all eyes are now on how much Bgin will raise - and what this could mean for the future of crypto IPOs.</p><h2 class="wp-block-heading" id="h-bgin-s-ipo-could-raise-50-million">Bgin’s IPO Could Raise $50 Million</h2><p>Bgin has not yet disclosed the exact pricing of its offering. However, investment advisory firm Renaissance Capital estimated in a February 21 report that the IPO could raise up to $50 million.</p><p>Founded in 2019, Bgin focuses on alternative cryptocurrencies. It designs and sells mining rigs built for mining <a href="https://coinpedia.org/price-prediction/kaspa-coin-price-prediction/" rel="noopener noreferrer nofollow">Kaspa (KAS)</a>, Alephium (ALPH), and Radiant (RXD).</p><p>In 2022, nearly all of Bgin’s revenue came from cryptocurrency mining. However, in April 2023, it began selling its own mining machines, which now contribute over 85% of its total revenue. The company plans to use part of the IPO funds to expand research and development.</p> [post_titles_links postid="424068"] <h2 class="wp-block-heading" id="h-crypto-ipos-gain-momentum-in-the-u-s">Crypto IPOs Gain Momentum in the U.S.</h2><p>Bgin’s IPO is part of a rising trend of crypto firms going public in the U.S., especially after [popover-profile type="person" name="donaldtrump"]’s election victory. Many expect his administration to create a more favorable environment for the crypto industry.</p><p>At the recent <a href="https://coinpedia.org/news/crypto-news-today-trump-jr-declares-crypto-the-new-weapon-for-u-s-economic-hegemony/" rel="noopener noreferrer nofollow">Ondo Summit</a>, Galaxy Digital CEO Mike Novogratz predicted that several crypto firms could go public by May or June, citing improved relations with the SEC. On February 12, eToro revealed that it had submitted draft IPO plans to the SEC. Crypto custody firm BitGo is also reportedly considering an IPO this year, though no final decision has been made. Additionally, crypto exchange Gemini is said to be exploring a public listing in 2025.</p><h2 class="wp-block-heading" id="h-banks-and-lawmakers-show-growing-interest-in-crypto">Banks and Lawmakers Show Growing Interest in Crypto</h2><p>Beyond IPOs, major banks are forming partnerships with crypto firms to integrate <a href="https://coinpedia.org/beginners-guide/what-is-blockchain/" rel="noopener noreferrer nofollow">blockchain technology</a> into their operations. Meanwhile, the U.S. Congress is setting up a crypto working group to develop policies that could provide regulatory clarity and encourage more crypto companies to go public.</p><p>The crypto industry is at a turning point, with more firms aiming for public listings, signaling that digital assets are becoming more accepted in mainstream finance. Successful IPOs like those of Exodus and Coinbase have set the stage, and upcoming offerings from BitGo, Circle, and eToro highlight the industry’s growing influence.</p><p><strong>The future of crypto IPOs will depend on clearer regulations, increased institutional adoption, and evolving banking strategies.</strong></p> [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]

Singapore’s Bgin Blockchain Files for U.S. IPO, Seeks $50M Raise

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