0001213900-26-048532 | 20-F | XBRL Viewer

Proceeds from initial public offering (in Dollars)

$ 26,878,358

Dividend payable (in Dollars)

$ 50,000

$ 5,000,000

Dividend paid (in Dollars)

$ 949,000

Mr. Chung Shing Paul Tsang [Member]

Class A Ordinary Shares [Member]

323,438

Ordinary shares authorized

^[1]

852,581,250

$ 0.0001

$ 0.0000695652173913043

^[1]

$ 0.0000695652173913043

^[1]

Class B Ordinary Shares [Member]

395,400,000

Ordinary shares authorized

^[1]

225,543,750

$ 0.0000695652173913043

$ 0.0001

$ 0.0000695652173913043

^[1]

$ 0.0000695652173913043

^[1]

IPO [Member] | Class A Ordinary Shares [Member]

225,000

104,600,000

$ 0.0000695652173913043

Share par value (in Dollars per share)

5,000,000

$ 6

Proceeds from initial public offering (in Dollars)

$ 30,000,000

Proceeds form issuance costs (in Dollars)

$ 26,878,358

February 2025 Share Subdivision [Member]

February 2025 Share Subdivision [Member] | Class A Ordinary Shares [Member]

$ 50,000

$ 0.001

February 2025 Share Subdivision [Member] | Class B Ordinary Shares [Member]

39,540,000

$ 0.001

February 2025 Share Subdivision II [Member] | Class A Ordinary Shares [Member]

10,460,000

$ 0.001

February 2025 Share Subdivision II [Member] | Class B Ordinary Shares [Member]

3,954,000

$ 0.001

February 2025 Share Subdivision III [Member]

1,046,000

February 2025 Share Subdivision III [Member] | Class A Ordinary Shares [Member]

$ 50,000

$ 0.0001

February 2025 Share Subdivision III [Member] | Class B Ordinary Shares [Member]

39,540,000

$ 0.0001

Share Capital Increase [Member]

10,460,000

Share Capital Increase [Member] | Class A Ordinary Shares [Member]

$ 75,000

$ 0.0001

Share Capital Increase [Member] | Class B Ordinary Shares [Member]

593,100,000

$ 0.0001

Share Issuance [Member] | Class A Ordinary Shares [Member]

156,900,000

Share Issuance [Member] | Class B Ordinary Shares [Member]

19,770,000

July 2025 Share Subdivision [Member]

5,230,000

July 2025 Share Subdivision [Member] | Class A Ordinary Shares [Member]

$ 75,000

$ 0.0000695652173913043

July 2025 Share Subdivision [Member] | Class B Ordinary Shares [Member]

852,581,250

90,581,566

Ordinary shares par value (in Dollars per share)

225,543,750

22,554,375

[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 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”)

Cryptocurrencies

12 Months Ended

Dec. 31, 2025

Cryptocurrencies [Abstract]

Cryptocurrencies

6. Cryptocurrencies

The following table presents information about our cryptocurrencies:

	December 31, 2025			December 31, 2024			December 31, 2023
	US$			US$			US$
Beginning balance		32,143,476			116,081,331			1,270,806
Adoption of ASC 2023-08		—			—			39,996
Cryptocurrencies mined		49,209,435			103,868,145			37,003,196
Cryptocurrencies from mining machine revenue		14,484,765			182,574,508			199,456,358
Cryptocurrencies from hosting revenue		2,685,275			6,089,364			316,626
Cryptocurrencies paid to mining pool participants		(5,618,035	)		(58,269,299	)		(23,765,150	)
Disposal of cryptocurrencies		(59,515,915	)		(280,951,961	)		(84,426,550	)
Cryptocurrencies received from repayment from related parties		101,336			—			—
Cryptocurrencies lent to third party		(5,000,000	)		—			—
Cryptocurrencies received from repayment from third party		5,197,014			—			—
Cryptocurrencies received from (invested in) short-term investments, net		16,631,859			(12,539,871	)		—
Cryptocurrencies paid to settle futures contracts, net		(560,492	)		(726,746	)		—
Cryptocurrencies used for payments of dividends		(949,000	)		(5,000,000	)		—
Cryptocurrencies used for payments of employee compensation		(1,172,391	)		(969,477	)		(10,264,540	)
Cryptocurrencies used for payments of expenses		(4,377,234	)		(7,329,446	)		(3,418,735	)
Cryptocurrencies used for payments of accounts payable		—			(1,802,802	)		(292,684	)
Cryptocurrency paid to related party		—			(433,833	)		(150,714	)
Cryptocurrency received to settle other receivables		2,546,315			—			—
Change in fair value		(23,355,675	)		(8,446,437	)		312,722
Ending balance		22,450,733			32,143,476			116,081,331

During the year ended December 31, 2025, a total gain of US$965,306 and a total loss of US$11,588,358 were recognized on all sales/exchange of cryptocurrencies and are included in the change in fair value of cryptocurrencies on the consolidated statements of operations and comprehensive (loss) income. Change in fair value of cryptocurrencies are consist of a total gain of $968,798 and a total loss of $24,324,473 which was determined on a crypto-asset -by-crypto-asset basis.

During the year ended December 31, 2024, a total gain of US$2,943,398 and a total loss of US$5,741,476 were recognized on all sales/exchanges of cryptocurrencies and are included in the change in fair value of cryptocurrencies on the consolidated statements of operations and comprehensive income. The change in fair value of cryptocurrencies consists of a total gain of $3,156,060 and a total loss of $11,602,497 which was determined on a crypto-asset -by-crypto-asset basis.

During the year ended December 31, 2023, a total gain of US$1,090,765 and a total loss of US$753,775 were recognized on all sales/exchanges of cryptocurrencies and are included in the change in fair value of cryptocurrencies on the consolidated statements of operations and comprehensive income. The change in fair value of cryptocurrencies consists of a total gain of $1,094,827 and a total loss of $782,105 which was determined on a crypto-asset -by-crypto-asset basis.

The following table presents ending balance about each of the Company’s cryptocurrencies:

					December 31, 2025
	Quantity		Cost		Fair Value
			US$		US$
USDT		7,313,220		7,313,220		7,313,220
KASPA		328,479,094		26,418,442		14,085,184
Others		*		1,411,678		1,052,329
Total				35,143,340		22,450,733

					December 31, 2024
	Quantity		Cost		Fair Value
			US$		US$
USDT		2,352,373		2,352,373		2,352,373
KASPA		235,273,895		32,989,316		27,425,407
Others		*		2,450,146		2,365,696
Total				37,791,835		32,143,476

*	Others consist of various cryptocurrencies with immaterial balances. Therefore, their quantity information is not disclosed.

Consolidated Balance Sheets (Parentheticals) - $ / shares

Dec. 31, 2025

Dec. 31, 2024

Class A ordinary shares

^[1]

$ 0.0000695652173913043

Ordinary shares authorized (in Shares)

^[1]

852,581,250

Ordinary shares issued (in Shares)

^[1]

90,581,566

85,258,128

Ordinary shares outstanding (in Shares)

^[1]

90,581,566

85,258,128

Class B ordinary shares

Ordinary shares par value (in Dollars per share)

^[1]

$ 0.0000695652173913043

Ordinary shares authorized (in Shares)

^[1]

225,543,750

Ordinary shares issued (in Shares)

^[1]

22,554,375

Ordinary shares outstanding (in Shares)

^[1]

22,554,375

[1]

Cryptocurrencies (Tables)

12 Months Ended

Dec. 31, 2025

Cryptocurrencies [Abstract]

Schedule of Cryptocurrencies

The following table presents information about our cryptocurrencies:

	December 31, 2025			December 31, 2024			December 31, 2023
	US$			US$			US$
Beginning balance		32,143,476			116,081,331			1,270,806
Adoption of ASC 2023-08		—			—			39,996
Cryptocurrencies mined		49,209,435			103,868,145			37,003,196
Cryptocurrencies from mining machine revenue		14,484,765			182,574,508			199,456,358
Cryptocurrencies from hosting revenue		2,685,275			6,089,364			316,626
Cryptocurrencies paid to mining pool participants		(5,618,035	)		(58,269,299	)		(23,765,150	)
Disposal of cryptocurrencies		(59,515,915	)		(280,951,961	)		(84,426,550	)
Cryptocurrencies received from repayment from related parties		101,336			—			—
Cryptocurrencies lent to third party		(5,000,000	)		—			—
Cryptocurrencies received from repayment from third party		5,197,014			—			—
Cryptocurrencies received from (invested in) short-term investments, net		16,631,859			(12,539,871	)		—
Cryptocurrencies paid to settle futures contracts, net		(560,492	)		(726,746	)		—
Cryptocurrencies used for payments of dividends		(949,000	)		(5,000,000	)		—
Cryptocurrencies used for payments of employee compensation		(1,172,391	)		(969,477	)		(10,264,540	)
Cryptocurrencies used for payments of expenses		(4,377,234	)		(7,329,446	)		(3,418,735	)
Cryptocurrencies used for payments of accounts payable		—			(1,802,802	)		(292,684	)
Cryptocurrency paid to related party		—			(433,833	)		(150,714	)
Cryptocurrency received to settle other receivables		2,546,315			—			—
Change in fair value		(23,355,675	)		(8,446,437	)		312,722
Ending balance		22,450,733			32,143,476			116,081,331

Schedule of Ending Balance of Cryptocurrencies

The following table presents ending balance about each of the Company’s cryptocurrencies:

					December 31, 2025
	Quantity		Cost		Fair Value
			US$		US$
USDT		7,313,220		7,313,220		7,313,220
KASPA		328,479,094		26,418,442		14,085,184
Others		*		1,411,678		1,052,329
Total				35,143,340		22,450,733

					December 31, 2024
	Quantity		Cost		Fair Value
			US$		US$
USDT		2,352,373		2,352,373		2,352,373
KASPA		235,273,895		32,989,316		27,425,407
Others		*		2,450,146		2,365,696
Total				37,791,835		32,143,476

*	Others consist of various cryptocurrencies with immaterial balances. Therefore, their quantity information is not disclosed.

Consolidated Balance Sheets - USD ($)

Dec. 31, 2025

Dec. 31, 2024

Current Assets

Cash

$ 26,286,333

$ 114,804,348

Accounts receivable, net

9,544

Inventories

7,849,479

12,491,133

Prepaid expenses

6,112,779

9,188,914

Other receivables

195,417

8,945,986

Deferred issuance costs

795,797

Intangible assets – cryptocurrencies

22,450,733

32,143,476

Rights to receive cryptocurrencies

16,193,593

Total current assets

63,854,199

194,664,583

Non-current assets

Deposits and other non-current assets

1,436,415

1,834,897

Right-of-use assets

227,320

431,707

Deferred income tax assets

2,112,353

Property and equipment, net

27,317,731

71,744,370

Total assets

92,835,665

270,787,910

Current liabilities

Accounts payable and accrued liabilities

3,288,728

7,190,436

Taxes payable

34,086,665

51,845,186

Contract liabilities

267,726

952,340

Operating lease liabilities – current

131,672

322,388

Other payables

199,384

281,898

Total current liabilities

37,997,956

60,602,611

Operating lease liabilities – non-current

88,125

123,015

Total liabilities

38,086,081

60,725,626

Commitments and contingencies

Shareholders’ equity

Additional paid-in capital

26,637,236

Retained earnings

28,096,362

209,954,196

Accumulated other comprehensive loss

(244,059)

Total shareholders’ equity

54,492,409

209,710,137

Non-controlling interest

257,175

352,147

Total liabilities and shareholders’ equity

92,835,665

270,787,910

Class A ordinary shares

Shareholders’ equity

Ordinary shares value

^[1]

2,347

Class B ordinary shares

Shareholders’ equity

Ordinary shares value

^[1]

523

Related Party

Current Assets

Accounts Payable and Accrued Liabilities [Abstract]

949,914

101,336

Current liabilities

Due to related party

$ 23,781

$ 10,363

[1]

Accounts Payable and Accrued Liabilities

12 Months Ended

Dec. 31, 2025

Accounts Payable and Accrued Liabilities

8. Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:

	December 31, 2025		December 31, 2024
	US$		US$
Trades payable		2,815,228		6,851,581
Salary payables		473,500		338,855
Total		3,288,728		7,190,436

Inventories

12 Months Ended

Dec. 31, 2025

Inventories [Abstract]

Inventories

3. Inventories

Inventories as of December 31, 2025 and 2024 consisted of the following:

	December 31, 2025		December 31, 2024
	US$		US$
Raw materials		5,467,822		11,279,454
Finished goods		2,381,657		1,211,679
Total		7,849,479		12,491,133

During the year ended December 31, 2025, the Company recorded an inventory provision of US$59,311,654 (2024: US$12,645,248, 2023: US$nil), and write-off of US$3,000,329 (2024: US$24,063,104, 2023: US$nil) as a result of its net realizable value analysis. The inventory provision and write-off are included in costs of revenues on the consolidated statements of operations and comprehensive (loss) income.

(Loss) Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2025

(Loss) Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net (Loss) Earnings Per Share

Basic and diluted net (loss) earnings per share for each of the periods presented are calculated as follows:

	December 31, 2025			December 31, 2024		December 31, 2023
	US$			US$		US$
Numerator:
Net (loss) income attributable to ordinary shareholders – basic and diluted		(176,857,834	)		65,932,247		139,708,193

Denominator:
Weighted average number of ordinary shares outstanding – basic and diluted		109,060,159			107,812,503		107,812,503
(Loss) earnings per share attributable to ordinary shareholders – basic and diluted		(1.62	)		0.61		1.30

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Taxes [Abstract]

Schedule of Components of Income (Loss) Before Income Taxes

The following table presents the components of loss before income taxes by geographic region for the year ended December 31, 2025, in accordance with the updated requirements of ASU 2023-09:

	December 31, 2025
	US$
United States		(72,580,690	)
Other jurisdictions		(102,031,086	)
Total loss before income taxes		(174,611,776	)

Schedule of Provision for (Benefit from) Income Taxes

The following tables present the provision for benefit from income taxes for 2025, in accordance with the updated requirements of ASU 2023-09:

	December 31, 2025
	US$
Current
Other jurisdictions		228,677
Total current		228,677
Deferred
Other jurisdictions		2,112,353
Total deferred		2,112,353

Schedule of Statutory Income Tax Rate and Effective Tax Rate

The income tax expense differs from the amount that would have resulted from applying the Cayman Islands statutory income tax rates to the Company’s pre-tax income as follows:

	December 31, 2024			December 31, 2023
	US$			US$
Income before income tax expenses		80,786,066			173,573,472
Cayman Islands statutory income tax rate		—	%		—	%
Income tax calculated at statutory rate		—			—
Change in income tax expense resulting from:
Rate differences in various jurisdictions		16,757,614			34,090,755
Current period operating loss carried forward to future tax years		(5,249,400	)		(1,138,719	)
Temporary differences
Inventory provision		(2,112,353	)		—
Impairment of property and equipment		(4,644,911	)		—
Others		—			(278,065	)
Valuation allowance		9,894,311			1,138,719
Income tax expense (recovery)		14,645,261			33,812,690

As a result of the adoption, the effective income tax rate for the years ended December 31, 2025 from the Cayman Islands statutory income tax rates as follows:

	For the year ended December 31, 2025
	US$			%
Provision for income taxes at Cayman statutory rate		-			0.00	%
State and local income taxes, net of federal benefit		-			0.00	%
Foreign tax effects:
US
Effect of rates different than statutory		(7,755,445	)		4.44	%
Impairment of property and equipment		(9,198,288	)		5.27	%
Depreciation of property and equipment		(2,219,940	)		1.27	%
Change in valuation allowances		20,554,534			-11.77	%
Other		(1,406,930	)		0.81	%
Singapore
Effect of rates different than statutory		(1,993,444	)		1.14	%
Inventory provision		(8,950,190	)		5.13	%
Change in valuation allowances		13,913,520			-7.97	%
Other		(684,427	)		0.39	%
Hong Kong
Effect of rates different than statutory		(986,753	)		0.57	%
Change in valuation allowances		2,513,214			-1.44	%
Other		(1,444,821	)		0.82	%
Total tax expense (benefit) and effective tax rate		2,341,030			-1.34	%

Schedule of Deferred Tax Assets (Liabilities), Net

Deferred tax assets (liabilities), net as of December 31, 2025, 2024 and 2023 consisted of the following:

	December 31, 2025			December 31, 2024			December 31, 2023
Deferred tax assets
Net operating loss carrying forward	$	21,592,465		$	6,441,582		$	1,192,182
Inventory provision		11,062,543			2,112,353			—
Impairment of property and equipment		13,802,454			4,644,911			—
Others		2,134,690			—			—
Total deferred tax assets	$	48,592,152		$	13,198,846		$	1,192,182
Valuation allowance		(48,592,152	)		(11,086,493	)		(1,192,182	)
Total deferred tax assets, net	$	—		$	2,112,353		$	—

Schedule of Movement of Valuation Allowance

During the years ended December 31, 2025, 2024 and 2023, the movement of valuation allowance is as follows:

	December 31, 2025		December 31, 2024		December 31, 2023
Beginning	$	11,086,493	$	1,192,182	$	53,463
Change		37,505,659		9,894,311		1,138,719
Ending	$	48,592,152	$	11,086,493	$	1,192,182

Income Taxes - Schedule of Provision for (Benefit from) Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current
Total current	$ 228,677	$ 16,757,614	$ 34,090,755
Deferred
Total deferred	2,112,353	$ (2,112,353)	$ (278,065)
Other jurisdictions [Member]
Current
Total current	228,677
Deferred
Total deferred	$ 2,112,353

Property and Equipment, Net - Schedule of Property and Equipment, Net (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Schedule of Property and Equipment, Net Line Items]
Total	$ 56,432,423	$ 83,983,711
Less: Accumulated depreciation	(29,114,692)	(12,239,341)
Property and equipment, net	27,317,731	71,744,370
Mining equipment [Member]
Schedule of Property and Equipment, Net Line Items]
Total	41,199,820	54,768,374
Assembly-in-progress mining equipment [Member]
Schedule of Property and Equipment, Net Line Items]
Total	6,750,856	21,398,122
Vehicle [Member]
Schedule of Property and Equipment, Net Line Items]
Total	62,802	62,802
Other equipment and fixtures [Member]
Schedule of Property and Equipment, Net Line Items]
Total	6,404,709	6,375,426
Building [Member]
Schedule of Property and Equipment, Net Line Items]
Total	1,484,644	849,395
Land [Member]
Schedule of Property and Equipment, Net Line Items]
Total	$ 529,592	$ 529,592

Inventories (Tables)

12 Months Ended

Dec. 31, 2025

Inventories [Abstract]

Schedule of Inventories

Inventories as of December 31, 2025 and 2024 consisted of the following:

	December 31, 2025		December 31, 2024
	US$		US$
Raw materials		5,467,822		11,279,454
Finished goods		2,381,657		1,211,679
Total		7,849,479		12,491,133

Inventories (Details) - USD ($)	12 Months Ended
Inventories (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Inventories [Line Items]
Inventory provision	$ 59,311,654	$ 12,645,248
Inventory Write-down	62,311,983	36,708,352
Net Realizable Value (NRV) [Member]
Inventories [Line Items]
Inventory Write-down	$ 3,000,329	$ 24,063,104

Right to Receive Cryptocurrencies

12 Months Ended

Dec. 31, 2025

Right to Receive Cryptocurrencies [Abstract]

Right to receive cryptocurrencies

7. Right to receive cryptocurrencies

The following table presents information about movements of the Company’s rights to receive cryptocurrencies.

	December 31, 2025			December 31, 2024
	US$			US$
Beginning balance		16,193,593			—
Cryptocurrencies invested in short-term investments		49,770,618			331,569,220
Rewards earned from cryptocurrency short-term investment		438,266			3,653,722
Redemption of cryptocurrency short-term investments		(66,402,477	)		(319,029,349	)
Ending Balance		—			16,193,593

Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Revenues:

$ 67,395,903

$ 302,277,581

$ 257,268,371

General and administrative

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

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

Weighted average number of Class A and Class B ordinary shares outstanding- Diluted (in Shares)

^[1]

109,060,159

107,812,503

Mining revenue

Revenues:

$ 42,940,318

$ 45,030,201

$ 13,000,074

Sales of mining machines

Revenues:

15,254,872

192,162,144

219,782,989

Hosting revenue

Revenues:

3,339,426

6,247,292

482,186

Mining pool revenue

Revenues:

5,861,287

58,837,944

24,003,122

Costs of mining revenue

Costs of sales of mining machines

63,333,746

29,711,122

8,451,706

Costs of hosting revenue [Member]

71,207,327

81,713,511

25,389,335

Costs of mining pool revenue [Member]

2,643,980

4,897,740

488,837

Property and Equipment, Net [Abstract]

$ 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”)

Property and Equipment, Net

12 Months Ended

Dec. 31, 2025

Property and Equipment, net

5. Property and Equipment, net

Property and equipment, net consist of the following:

	December 31, 2025			December 31, 2024
	US$			US$
Mining equipment		41,199,820			54,768,374
Assembly-in-progress mining equipment		6,750,856			21,398,122
Vehicle		62,802			62,802
Other equipment and fixtures		6,404,709			6,375,426
Building		1,484,644			849,395
Land		529,592			529,592
Total		56,432,423			83,983,711
Less: Accumulated depreciation		(29,114,692	)		(12,239,341	)
Property and equipment, net		27,317,731			71,744,370

During the years ended December 31, 2025 and 2024, the Company identified certain indicators of potential impairment related to specific long-lived assets within its mining equipment and assembly-in-progress mining equipment, primarily due to decreased market price of KASPA mining machines. In accordance with ASC 360-10-35, the Company performed a recoverability test by comparing the carrying amount of the asset group to the sum of the undiscounted expected future cash flows. Based on this analysis, since the sum of the undiscounted expected cash flows is lower than its carrying amount, an impairment is required. The Company then determined the discounted future cash flows, which is lower than the carrying amount of the related assets, and as such, an impairment charge of $42,570,833 (2024: US$16,297,933; 2023: US$nil) was recorded.

During the year ended December 31, 2025, the Company recorded depreciation expenses of US$21,050,529 (2024: US$9,654,039, 2023: US$2,964,283). Specifically, US$20,985,356, US$65,173 and US$nil (2024: US$9,603,765, US$11,972 and US$38,302; 2023: US$2,674,014, US$290,269 and US$nil) are included in costs of revenues, general and administrative expense and research and development expense, respectively.

During the year ended December 31, 2025, the Company recorded US$818,395 loss from disposal of mining equipment (2024: US$1,886,990, 2023: US$290,619).

(Loss) Earnings Per Share - Schedule of Basic and Diluted Net (Loss) Earnings Per Share (Details) - USD ($)

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Numerator:

Net (loss) income attributable to ordinary shareholders – basic

$ (176,857,834)

$ 65,932,247

$ 139,708,193

Net (loss) income attributable to ordinary shareholders – diluted

$ (176,857,834)

$ 65,932,247

$ 139,708,193

Denominator:

Weighted average number of ordinary shares outstanding – basic

^[1]

109,060,159

107,812,503

Weighted average number of ordinary shares outstanding – diluted

^[1]

109,060,159

107,812,503

(Loss) earnings per share attributable to ordinary shareholders – basic

^[1]

$ (1.62)

$ 0.61

$ 1.3

(Loss) earnings per share attributable to ordinary shareholders – diluted

^[1]

$ (1.62)

$ 0.61

$ 1.3

[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”)

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Segment Reporting - Schedule of Segment Reporting Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Segment Reporting Information [Line Items]
Revenue	$ 67,395,903	$ 302,277,581	$ 257,268,371
Costs of revenues – excluding depreciation	122,002,953	164,987,906	55,420,003
Costs of revenues – depreciation	20,985,356	9,603,765	2,675,025
Segment gross (loss) profit	(75,592,406)	127,685,910	199,173,343
Impairment of property and equipment	42,570,833	16,297,933
Segment (loss) profit after impairment of property and equipment	(118,163,239)	111,387,977
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
Change in fair value of cryptocurrencies	23,355,675	8,446,437	(312,722)
Realized loss on future contracts	560,492	726,746
Rewards earned from crypto short-term investments	(438,266)	(3,653,722)
Other gain – interest income	(942,892)	(1,174,582)	(63,112)
Other (income) expenses, net	(729,507)	338,351	(37,039)
Foreign exchange loss	189,490	509,319	131,366
Income before income taxes	(174,611,776)	80,786,066	173,573,472
Current income taxes	228,677	16,757,614	34,090,755
Deferred income taxes	2,112,353	(2,112,353)	(278,065)
Net income (loss)	(176,952,806)	66,140,805	139,760,782
Cryptocurrency mining [Member]
Schedule of Segment Reporting Information [Line Items]
Revenue	48,801,605	103,868,145	37,003,196
Costs of revenues – excluding depreciation	48,206,495	78,561,986	29,577,616
Costs of revenues – depreciation	20,930,507	9,418,434	2,639,240
Segment gross (loss) profit	(20,335,397)	15,887,725	4,786,340
Impairment of property and equipment	42,570,833	16,297,933
Segment (loss) profit after impairment of property and equipment	(62,906,230)	(410,208)
Sale of mining machines [Member]
Schedule of Segment Reporting Information [Line Items]
Revenue	15,254,872	192,162,144	219,782,989
Costs of revenues – excluding depreciation	71,207,327	81,713,511	25,389,335
Costs of revenues – depreciation
Segment gross (loss) profit	(55,952,455)	110,448,633	194,393,654
Impairment of property and equipment
Segment (loss) profit after impairment of property and equipment	(55,952,455)	110,448,633
Other [Member]
Schedule of Segment Reporting Information [Line Items]
Revenue	3,339,426	6,247,292	482,186
Costs of revenues – excluding depreciation	2,589,131	4,712,409	453,052
Costs of revenues – depreciation	54,849	185,331	35,785
Segment gross (loss) profit	695,446	1,349,552	$ (6,651)
Impairment of property and equipment
Segment (loss) profit after impairment of property and equipment	$ 695,446	$ 1,349,552

Prepaid Expenses (Details) - USD ($)	12 Months Ended
Prepaid Expenses (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Prepaid Expenses [Abstract]
Impairment of prepaid expenses	$ 3,968,211

Stock-Based Compensation

12 Months Ended

Dec. 31, 2025

Stock-Based Compensation [Abstract]

Stock-based compensation

12. Stock-based compensation

On February 12, 2025, the Company’s board of directors passed unanimous written resolutions to approve, among other things, the issuance of 225,000 Class A ordinary shares (323,438 shares after the July 2025 Share Subdivision) to Chung Shing Paul Tsang, the Company’s independent director. The shares vest in three equal installments over a 36-month period from the date of grant and are accounted for as share-based compensation for director services. The grant-date fair value of the shares was determined based on the Company’s adjusted equity value using market approach, which considered the enterprise values and multiples of the comparable peer companies. During the year ended December 31, 2025, the Company recognized US$555,045 of share-based compensation expense in accordance with the vesting schedule of the shares.

As of December 31, 2025, the aggregate intrinsic value of all outstanding stock award granted was estimated at $811,828 (vested: US$nil and unvested: US$811,828). As of December 31, 2025, the unrecognized compensation cost related to unvested stock award was US$474,500. There were no stock-based awards granted during the years ended December 31, 2024 and 2023.

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Taxes [Abstract]

Income Taxes

9. Income Taxes

Components of income (loss) before income taxes

The following table presents the components of loss before income taxes by geographic region for the year ended December 31, 2025, in accordance with the updated requirements of ASU 2023-09:

	December 31, 2025
	US$
United States		(72,580,690	)
Other jurisdictions		(102,031,086	)
Total loss before income taxes		(174,611,776	)

The following tables present the provision for benefit from income taxes for 2025, in accordance with the updated requirements of ASU 2023-09:

	December 31, 2025
	US$
Current
Other jurisdictions		228,677
Total current		228,677
Deferred
Other jurisdictions		2,112,353
Total deferred		2,112,353

Reconciliation of the differences between statutory tax rate and the effective tax rate

The Company operates in several tax jurisdictions. Therefore, its income is subject to various rates of taxation. The income tax expense differs from the amount that would have resulted from applying the Cayman Islands statutory income tax rates to the Company’s pre-tax income as follows:

	December 31, 2024			December 31, 2023
	US$			US$
Income before income tax expenses		80,786,066			173,573,472
Cayman Islands statutory income tax rate		—	%		—	%
Income tax calculated at statutory rate		—			—
Change in income tax expense resulting from:
Rate differences in various jurisdictions		16,757,614			34,090,755
Current period operating loss carried forward to future tax years		(5,249,400	)		(1,138,719	)
Temporary differences
Inventory provision		(2,112,353	)		—
Impairment of property and equipment		(4,644,911	)		—
Others		—			(278,065	)
Valuation allowance		9,894,311			1,138,719
Income tax expense (recovery)		14,645,261			33,812,690

During the year ended December 31, 2025, the Company adopted ASU 2023-09. As a result of the adoption, the effective income tax rate for the years ended December 31, 2025 from the Cayman Islands statutory income tax rates as follows:

	For the year ended December 31, 2025
	US$			%
Provision for income taxes at Cayman statutory rate		-			0.00	%
State and local income taxes, net of federal benefit		-			0.00	%
Foreign tax effects:
US
Effect of rates different than statutory		(7,755,445	)		4.44	%
Impairment of property and equipment		(9,198,288	)		5.27	%
Depreciation of property and equipment		(2,219,940	)		1.27	%
Change in valuation allowances		20,554,534			-11.77	%
Other		(1,406,930	)		0.81	%
Singapore
Effect of rates different than statutory		(1,993,444	)		1.14	%
Inventory provision		(8,950,190	)		5.13	%
Change in valuation allowances		13,913,520			-7.97	%
Other		(684,427	)		0.39	%
Hong Kong
Effect of rates different than statutory		(986,753	)		0.57	%
Change in valuation allowances		2,513,214			-1.44	%
Other		(1,444,821	)		0.82	%
Total tax expense (benefit) and effective tax rate		2,341,030			-1.34	%

Deferred tax assets and liabilities

Deferred tax assets (liabilities), net as of December 31, 2025, 2024 and 2023 consisted of the following:

	December 31, 2025			December 31, 2024			December 31, 2023
Deferred tax assets
Net operating loss carrying forward	$	21,592,465		$	6,441,582		$	1,192,182
Inventory provision		11,062,543			2,112,353			—
Impairment of property and equipment		13,802,454			4,644,911			—
Others		2,134,690			—			—
Total deferred tax assets	$	48,592,152		$	13,198,846		$	1,192,182
Valuation allowance		(48,592,152	)		(11,086,493	)		(1,192,182	)
Total deferred tax assets, net	$	—		$	2,112,353		$	—

As of December 31, 2025, the Company had net operating loss carryforwards of $98,971,585 related to its operating entities located in Hong Kong, Singapore and the U.S. The net operating loss can be carried forward indefinitely.

As of December 31, 2024 and 2023, the Company had net operating loss carryforwards of $23,210,824 and $5,887,293, respectively, related to its operating entities located in Hong Kong and the U.S. The net operating loss can be carried forward indefinitely.

During the years ended December 31, 2025, 2024 and 2023, the movement of valuation allowance is as follows:

	December 31, 2025		December 31, 2024		December 31, 2023
Beginning	$	11,086,493	$	1,192,182	$	53,463
Change		37,505,659		9,894,311		1,138,719
Ending	$	48,592,152	$	11,086,493	$	1,192,182

The Company conducts a significant portion of its business activities in Hong Kong, Singapore and the U.S., and is subject to taxation in these jurisdictions. As a result of these activities, the Company’s subsidiaries file separate tax returns that are subject to examination by the respective tax authorities. As of December 31, 2025, the tax returns for the Company’s Hong Kong entities for the years 2019 through 2025 remain open for statutory examination by the Hong Kong tax authorities. The tax returns for the Company’s Singapore entities for the years 2021 through 2025 remain open for statutory examination by the Singapore tax authorities. The tax returns for the Company’s United States entities for the years 2022 through 2025 remain open for statutory examination by the United States tax authorities.

Uncertain tax positions

The Company assesses uncertain tax positions, including potential interest and penalties, based on their technical merits. The Company’s unrecognized tax benefits remained immaterial at December 31, 2025 and 2024, other than a single tax position currently under the review by the Hong Kong taxing authorities, of which the additions of related unrecognized tax benefits amounted to US$9.3 million and US$24.6 million for the tax years ended December 31, 2024 and 2023, respectively, and the balance of the unrecognized tax benefit remained unchanged in 2025. The timing of the resolution or closure of this examination remains uncertain, and the Company continues to monitor its status.

The Company did not incur any interest and penalties related to potential underpaid income tax expenses for the years ended December 31, 2025, 2024 and 2023, respectively, and also does not anticipate any significant increases or decreases in unrecognized tax benefits in the next 12 months from December 31, 2025.

Income Taxes Paid by Jurisdiction

For the year ended December 31, 2025, the Company’s total cash paid for income taxes was $18,130,952, of which:

$17,036,616 was paid to the Hong Kong Inland Revenue Department;

$183,416 was paid to the U.S. Federal and State tax authorities; and

$910,920 was paid to other foreign jurisdictions.

The entire disclosure for income tax.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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-Section 50
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Related Party Transactions and Balances

Related Party Transactions and Balances

12 Months Ended

Dec. 31, 2025

14. Related Party Transactions and Balances

Related Parties

Name of related parties		Relationship with the Company
Qingfeng Wu (Mr. Wu)		Founder, chief executive officer, director, and principal shareholder
Qiuhua Li (Mr. Li)		Founder, executive chairman of the board of directors, director, and principal shareholder
Shenzhen Bgin Tech Co., Ltd. (“SZ Bgin”)		Entity controlled jointly controlled by Shao Qi (Mr. Shao) and Mr. Li
Igvault HK limited (“IGV HK”)		Entity controlled by Mr. Li’s spouse
Icing Trading Limited		Entity controlled by Mr. Wu
CoinPal Limited		Entity controlled by Mr. Li, who acquired the entity in April 2025.

Related Party Transactions

The Company had the following related party transactions:

(i)

During the year ended December 31, 2025, the Company incurred technical development and maintenance services, including core research and development activities, supplemented by certain administrative support services and provision of workspace facilities, from SZ Bgin in the amount of US$420,000 (2024: US$660,000, 2023: US$711,846) and made payments in the amount of US$420,000 (2024: US$660,000, 2023: US$591,846), with no remaining outstanding due to related party balance as of December 31, 2025 and 2024.

(ii)

During the year ended December 31, 2025, the Company incurred management consulting services from IGV HK in the amount of US$169,062 (2024: US$97,157, 2023: US$70,668) and made full payments in the amount of USDT 169,062 (equivalent of US$169,062) (2024: US$97,157, 2023: US$70,668), with no remaining outstanding due to related party balance as of December 31, 2025 and 2024.

(iii)

During the period from April 10, 2025 to December 31, 2025, CoinPal Limited collected cryptocurrencies from the Company’s customers on behalf of the Company in the amount of USDT 14,606,943 (equivalent of US$ 14,606,943) and remitted cryptocurrencies to the Company in the amount of USDT 15,200,040 (equivalent of US$ 15,200,040), with due from related party balance of USDT 949,914 (equivalent of US$949,914) as of December 31, 2025. For each payment collected from the Company’s customers on behalf of the Company, CoinPal Limited charged the Company processing fees of 0.8% of the total payment amount. During the period from April 10, 2025 to December 31, 2025, the Company incurred processing fees in the amount of USDT 117,835 (equivalent of US$117,835). All processing fees incurred during the current year were fully paid with no outstanding due to related party balance as of December 31, 2025.

(iv)

During the year ended December 31, 2025, the Company received loan repayment from Mr. Wu in the amount of USDT 68,238 (equivalent of US$68,238), with no outstanding due from related party balance as of December 31, 2025.

(v)

During the year ended December 31, 2025, the Company received loan repayment from Mr. Li in the amount of USDT 33,098 (equivalent of US$33,098), with no outstanding due from related party balance as of December 31, 2025.

The Company’s due from related party balances as of December 31, 2025 and 2024 are as follows:

	December 31, 2025		December 31, 2024
	US$		US$
Qiuhua Li		—		33,098
Qingfeng Wu		—		68,238
CoinPal Limited		949,914		*
Total		949,914		101,336

CoinPal became a related party only after Mr. Li acquired 100% of its equity in April 2025; therefore, the 2024 balance is not presented.

The due from related party balances associated with Mr. Li and Mr. Wu as of December 31, 2024 are unsecured, interest-free and due on demand.

Due to related party balance

The Company’s due to related party balances as of December 31, 2025 and 2024 are as follows:

	December 31, 2025		December 31, 2024
	US$		US$
Icing Trading Limited		23,781		10,363
Total		23,781		10,363

The due to related party balances as of December 31, 2025 and 2024 are related to the payments Icing Trading Limited made to the vendors on behalf of the Company and the related service fees.

During the year ended December 31, 2023, the Company received a short-term loan with the principal amount of USDT 2,000,000 from each of Mr. Wu and Mr. Li. Both loans had a term of three months and bearing an annual interest rate of 3.65%. Both loans had been fully repaid to Mr. Wu and Mr. Li before December 31, 2023.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
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-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

(Loss) Earnings Per Share [Abstract]

Prepaid Expenses

12 Months Ended

Dec. 31, 2025

Prepaid Expenses [Abstract]

Prepaid Expenses

4. Prepaid Expenses

Prepaid expenses as of December 31, 2025 and 2024 consisted of the following:

	December 31, 2025		December 31, 2024
	US$		US$
Prepayment for materials		5,660,663		7,685,696
Prepayment for utilities		258,198		1,382,938
Prepayment for others		193,918		120,280
Total		6,112,779		9,188,914

During the year ended December 31, 2025, the Company recorded an impairment of US$3,968,211 (2024: US$nil, 2023: US$nil) related to prepaid expenses. The impairment is included in costs of revenues on the consolidated statements of operations and comprehensive (loss) income.

(Loss) Earnings Per Share

12 Months Ended

Dec. 31, 2025

(Loss) earnings per share

11. (Loss) earnings per share

Basic and diluted net (loss) earnings per share for each of the periods presented are calculated as follows:

	December 31, 2025			December 31, 2024		December 31, 2023
	US$			US$		US$
Numerator:
Net (loss) income attributable to ordinary shareholders – basic and diluted		(176,857,834	)		65,932,247		139,708,193

Denominator:
Weighted average number of ordinary shares outstanding – basic and diluted		109,060,159			107,812,503		107,812,503
(Loss) earnings per share attributable to ordinary shareholders – basic and diluted		(1.62	)		0.61		1.30

Basic (loss) earnings per share is computed using the weighted average number of ordinary shares outstanding during the period. Diluted (loss) earnings per share is computed using the weighted average number of ordinary shares and dilutive ordinary share equivalents outstanding during the period. No securities were anti-dilutive for diluted earnings per share for the periods presented.

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Stock-Based Compensation (Details) - USD ($)			12 Months Ended
Stock-Based Compensation (Details) - USD ($)	Jul. 31, 2025	Feb. 12, 2025	Dec. 31, 2025
Stock-Based Compensation [Line Items]
Equal installments			36 months
Share-based compensation expense			$ 555,045
Outstanding stock award granted estimated amount			811,828
Outstanding stock award granted vested amount
Unvested stock award amount			$ 474,500
Common Class A [Member]
Stock-Based Compensation [Line Items]
Number of shares granted (in Shares)	323,438	225,000

Related Party Transactions and Balances (Details) - USD ($)				9 Months Ended	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Related Party Transactions and Balances [Line Items]
Payment for crypto asset	$ 1,172,391	$ 969,477	$ 10,264,540
Igvault HK limited (“IGV HK”) [Member]
Related Party Transactions and Balances [Line Items]
Incurred management consulting services					$ 169,062	$ 97,157	$ 70,668
Payments to related party					169,062	97,157	70,668
Related Party [Member]
Related Party Transactions and Balances [Line Items]
Payments to related party					169,062
Principal amount							2,000,000
Mr. Wu [Member]
Related Party Transactions and Balances [Line Items]
Loan repayment					$ 68,238
Annual interest rate	3.65%			3.65%	3.65%
Mr. Li [Member]
Related Party Transactions and Balances [Line Items]
Loan repayment					$ 33,098
Annual interest rate	3.65%			3.65%	3.65%
SZ Bgin [Member]
Related Party Transactions and Balances [Line Items]
Incurred amount					$ 420,000	660,000	711,846
Payments of related party transaction					420,000	660,000	$ 591,846
Related Party [Member]
Related Party Transactions and Balances [Line Items]
Outstanding due
CoinPal Limited [Member] \| Related Party [Member]
Related Party Transactions and Balances [Line Items]
Payment for crypto asset				14,606,943
Remitted cryptocurrencies				15,200,040
Due from related party	$ 949,914			949,914	$ 949,914
Transaction rate, percentage					0.80%
Processing fee				$ 117,835
CoinPal Limited [Member] \| Related Party [Member]
Related Party Transactions and Balances [Line Items]
Equity interest	100.00%			100.00%	100.00%

Accounts Payable and Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Accounts Payable and Accrued Liabilities [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities consist of the following:

	December 31, 2025		December 31, 2024
	US$		US$
Trades payable		2,815,228		6,851,581
Salary payables		473,500		338,855
Total		3,288,728		7,190,436

Segment Reporting

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Reporting

15. Segment Reporting

During the years ended December 31, 2025, 2024 and 2023, the Company operated in two primary reportable segments, which were the cryptocurrency mining, which included mining revenue and mining pool revenue, and the sale of mining machines. Other business activities that are currently not classified as a reportable segment is combined in the category of “Other”. The Company does not allocate assets to the reporting segments because its assets are managed on an entity-wide basis and, therefore, does not separately disclose the total assets of its reportable operating segments.

Year ended December 31, 2025	Cryptocurrency mining			Sale of mining machines			Other		Total
	US$			US$			US$		US$
Revenue		48,801,605			15,254,872			3,339,426		67,395,903
Costs of revenues – excluding depreciation		48,206,495			71,207,327			2,589,131		122,002,953
Costs of revenues – depreciation		20,930,507			—			54,849		20,985,356
Segment gross (loss) profit		(20,335,397	)		(55,952,455	)		695,446		(75,592,406	)
Impairment of property and equipment		42,570,833			—			—		42,570,833
Segment (loss) profit after impairment of property and equipment		(62,906,230	)		(55,952,455	)		695,446		(118,163,239	)
Selling expenses										393,458
General and administrative										13,868,940
Research and development										20,191,147
Change in fair value of cryptocurrencies										23,355,675
Realized loss on future contracts										560,492
Rewards earned from crypto short-term investments										(438,266	)
Other gain – interest income										(942,892	)
Other (income) expenses, net										(729,507	)
Foreign exchange loss										189,490
Income before income taxes										(174,611,776	)
Current income taxes										228,677
Deferred income taxes										2,112,353
Net loss										(176,952,806	)

Geographic revenue information for sale of mining machines for the year ended December 31, 2025 is as follows:

Geographic location	US$
Hong Kong, China		13,471,227
United States (the U.S.)		1,155,163
Others		628,482
Total revenue from sale of mining machines		15,254,872

For the year ended December 31, 2025, total mining revenue from third-party mining pools amounted to US$10,753,859. All of the Company’s mining revenue from third-parties were derived from customers located in Hong Kong.

Year ended December 31, 2024	Cryptocurrency mining			Sale of mining machines		Other		Total
	US$			US$		US$		US$
Revenue		103,868,145			192,162,144		6,247,292		302,277,581
Costs of revenues – excluding depreciation		78,561,986			81,713,511		4,712,409		164,987,906
Costs of revenues – depreciation		9,418,434			—		185,331		9,603,765
Segment gross profit		15,887,725			110,448,633		1,349,552		127,685,910
Impairment of property and equipment		16,297,933			—		—		16,297,933
Segment (loss) profit after impairment of property and equipment		(410,208	)		110,448,633		1,349,552		111,387,977
Selling expenses									702,916
General and administrative									7,157,554
Research and development									16,374,310
Change in fair value of cryptocurrencies									8,446,437
Realized loss on future contracts									726,746
Rewards earned from crypto short-term investments									(3,653,722	)
Other (income) expenses, net									338,351
Foreign exchange loss									509,319
Income before income taxes									80,786,066
Current income taxes									16,757,614
Deferred income taxes									(2,112,353	)
Net income									66,140,805

Geographic revenue information for sale of mining machines for the year ended December 31, 2024 is as follows:

Geographic location	US$
Hong Kong, China		63,880,356
United States (the U.S.)		44,794,605
Singapore		30,368,587
Taiwan, China		9,376,924
Vietnam		7,465,468
The BVI		6,337,092
England and Wales		5,226,816
Malaysia		5,220,935
Hungary		4,495,840
Others		14,995,521
Total revenue from sale of mining machines		192,162,144

Year ended December 31, 2023	Cryptocurrency mining		Sale of mining machines		Other			Total
	US$		US$		US$			US$
Revenue		37,003,196		219,782,989		482,186			257,268,371
Costs of revenues – excluding depreciation		29,577,616		25,389,335		453,052			55,420,003
Costs of revenues – depreciation		2,639,240				35,785			2,675,025
Segment gross profit		4,786,340		194,393,654		(6,651	)		199,173,343
Selling expenses									1,148,308
General and administrative									14,570,383
Research and development									10,099,575
Change in fair value of cryptocurrencies									(312,722	)
Other (income) expenses, net									(37,039	)
Foreign exchange loss									131,366
Income before income taxes									173,573,472
Current income taxes									34,090,755
Deferred income taxes									(278,065	)
Net income									139,760,782

Geographic revenue information for sale of mining machines for the year ended December 31, 2023 is as follows:

Geographic location	US$
Hong Kong, China		66,540,832
United States (US)		41,062,523
Singapore		35,128,651
Taiwan, China		18,299,139
Vietnam		44,775,855
The BVI		4,127,967
Others		9,848,022
Total revenue from sale of mining machines		219,782,989

As of December 31, 2025 and 2024, long-term assets are comprised of property and equipment, long-term deposits and rights of use assets.

As of December 31, 2025, long-term assets located in the U.S., Singapore and Hong Kong were US$28,205,477 or 97.32%, US$346,575 or $1.20%, and US$429,414 or 1.48% of the Company’s total long-term assets.

As of December 31, 2024, long-term assets located in the U.S., Hong Kong, Malaysia and Mainland China were $49,961,688 or 69.22%, and $827,911 or 1.15%, and $18,797,055 or 26.04%, and $2,589,423 or 3.59% of the Company’s total long-term assets, respectively.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Income Taxes (Details) - USD ($)	12 Months Ended
Income Taxes (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Taxes [Line Items]
Net operating loss carryforwards	$ 98,971,585	$ 23,210,824	$ 5,887,293
Unrecognized tax benefits	$ 9,300,000	$ 24,600,000
Unrecognized tax benefits	12 months
Income taxes paid	$ 18,130,952
U.S. Federal and State [Member]
Income Taxes [Line Items]
Income taxes paid	183,416
Other Foreign Jurisdictions [Member]
Income Taxes [Line Items]
Income taxes paid	910,920
Hong Kong [Member]
Income Taxes [Line Items]
Income taxes paid	$ 17,036,616

Related Party Transactions and Balances - Schedule of Related Parties (Details)	12 Months Ended
	Dec. 31, 2025
Qingfeng Wu (Mr. Wu) [Member]
Related Party Transaction [Line Items]
Related Parties	Founder, chief executive officer, director, and principal shareholder
Qiuhua Li (Mr. Li) [Member]
Related Party Transaction [Line Items]
Related Parties	Founder, executive chairman of the board of directors, director, and principal shareholder
Shenzhen Bgin Tech Co., Ltd. (“SZ Bgin”) [Member]
Related Party Transaction [Line Items]
Related Parties	Entity controlled jointly controlled by Shao Qi (Mr. Shao) and Mr. Li
Igvault HK limited (“IGV HK”) [Member]
Related Party Transaction [Line Items]
Related Parties	Entity controlled by Mr. Li’s spouse
Icing Trading Limited [Member]
Related Party Transaction [Line Items]
Related Parties	Entity controlled by Mr. Wu
CoinPal Limited [Member]
Related Party Transaction [Line Items]
Related Parties	Entity controlled by Mr. Li, who acquired the entity in April 2025.

A description of the related party transaction, including transactions to which no amounts or nominal amounts were ascribed and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements. Examples of common related party transactions are, sales, purchases and transfers of realty and personal property, services received or furnished, loans and leases to and from top management and affiliates.

+ References + Details

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Commitments and Contingencies [Abstract]

Prepaid Expenses - Schedule of Prepaid expenses (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Schedule of Prepaid expenses [Abstract]
Prepayment for materials	$ 5,660,663	$ 7,685,696
Prepayment for utilities	258,198	1,382,938
Prepayment for others	193,918	120,280
Total	$ 6,112,779	$ 9,188,914

Accounts Payable and Accrued Liabilities - Schedule of Accounts Payable and Accrued Liabilities (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Schedule of Accounts Payable and Accrued Liabilities [Abstract]
Trades payable	$ 2,815,228	$ 6,851,581
Salary payables	473,500	338,855
Total	$ 3,288,728	$ 7,190,436

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Summary of Significant Accounting Policies [Line Items]
Revenue	$ 67,395,903	$ 302,277,581	$ 257,268,371
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]	Chief Executive Officer
Description of CODM	The CODM uses segment gross profit (loss) and segment gross profit (loss) after impairment of property and equipment to allocate resources and assess performance of the Company’s two reportable segments.
Number of Reportable Segments	2
Customer Concentration Risk [Member] \| Customer [Member] \| Revenue Benchmark [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage	15.92%
Customer Concentration Risk [Member] \| No Customer [Member] \| Revenue Benchmark [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage		0.00%
Customer Concentration Risk [Member] \| One Customer [Member] \| Revenue Benchmark [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage			17.40%
Customer Concentration Risk [Member] \| Two Customers [Member] \| Revenue Benchmark [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage			13.30%
Mining revenue [Member]
Summary of Significant Accounting Policies [Line Items]
Revenue	$ 42,940,318	$ 45,030,201	$ 13,000,074
Mining revenue [Member] \| Customer [Member]
Summary of Significant Accounting Policies [Line Items]
Revenue	32,023,003	42,508,027	12,490,134
Mining pool revenue [Member]
Summary of Significant Accounting Policies [Line Items]
Revenue	5,861,287	58,837,944	24,003,122
Mining pool revenue [Member] \| Customer [Member]
Summary of Significant Accounting Policies [Line Items]
Revenue	5,831,521	56,252,477	24,003,122
Mining Machines [Member]
Summary of Significant Accounting Policies [Line Items]
Revenue recognized from contract liability	$ 530,706	$ 1,967,666
Supplier One [Member] \| Supplier Concentration Risk [Member] \| Total Purchases [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage	49.54%	61.50%	22.32%
Supplier Two [Member] \| Supplier Concentration Risk [Member] \| Total Purchases [Member]
Summary of Significant Accounting Policies [Line Items]
Concentration risk, percentage	10.04%

Segment Reporting (Details)	12 Months Ended
Segment Reporting (Details)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Segment Reporting (Details) [Line Items]
Number of reportable segment	2
Percentage of long term assets		3.59%
Mining Pool [Member]
Segment Reporting (Details) [Line Items]
Total mining revenue from third-party	$ 10,753,859
U.S [Member]
Segment Reporting (Details) [Line Items]
Long-term assets	$ 28,205,477	$ 49,961,688
Percentage of long term assets	97.32%	69.22%
Singapore [Member]
Segment Reporting (Details) [Line Items]
Long-term assets	$ 346,575
Percentage of long term assets	1.20%
Hong Kong [Member]
Segment Reporting (Details) [Line Items]
Long-term assets	$ 429,414	$ 827,911
Percentage of long term assets	1.48%	1.15%
Malaysia [Member]
Segment Reporting (Details) [Line Items]
Long-term assets		$ 18,797,055
Percentage of long term assets		26.04%
Mainland China [Member]
Segment Reporting (Details) [Line Items]
Long-term assets		$ 2,589,423

Inventories - Schedule of Inventories (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Schedule of Inventories [Abstract]
Raw materials	$ 5,467,822	$ 11,279,454
Finished goods	2,381,657	1,211,679
Total	$ 7,849,479	$ 12,491,133

Cryptocurrencies (Details) - USD ($)	12 Months Ended
Cryptocurrencies (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cryptocurrencies [Abstract]
Total gain	$ 965,306	$ 2,943,398	$ 1,090,765
Total loss	11,588,358	5,741,476	753,775
Change in fair value of cryptocurrencies of total gain	968,798	3,156,060	1,094,827
Change in fair value of cryptocurrencies of total loss	$ 24,324,473	$ 11,602,497	$ 782,105

Commitments and Contingencies

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies

13. Commitments and Contingencies

Operating leases

The Company did not have material operating leases as of December 31, 2025, 2024 and 2023.

Other commitments

The Company did not have other significant commitments, long-term obligations, or guarantees as of December 31, 2025 and 2024.

Contingencies

The Company is subject to legal proceedings and regulatory actions in the ordinary course of business. The results of such proceedings cannot be predicted with certainty, but the Company does not anticipate that the final outcome arising out of any such matter will have a material adverse effect on the Company’s consolidated business, financial position, cash flows or results of operations taken as a whole. As of December 31, 2025, the Company was subject to the following material legal or administrative proceedings.

Class Action

On March 24, 2026 and April 13, 2026, respectively, two putative securities class actions were filed in the Supreme Court of the State of New York against multiple issuer defendants, underwriters, and related individuals in connection with initial public offerings of micro-cap and nano-cap companies conducted between 2023 and 2026. BGIN Blockchain Ltd. was named as one of numerous issuer defendants in the lawsuit. The complaints generally allege violations of Sections 11, 12(a)(2), and 15 of the Securities Act of 1933, arising from alleged material misstatements and omissions in the registration statements and prospectuses issued in connection with the relevant initial public offerings, and assert that the offerings were susceptible to coordinated social media-driven “pump-and-dump” schemes.

The Company believes the claims are without merit and intends to defend itself vigorously. At this time, the Company has not been served with a court summons and no estimate of possible loss can be made.

Summary of Significant Accounting Policies - Schedule of Consolidated Financial Statements (Details)

12 Months Ended

Dec. 31, 2025

BGIN BLOCKCHAIN LIMITED [Member]

Schedule of Consolidated Financial Statements [Line Items]

Investment holding

Parent

Mar. 23, 2022

Bgin Rig Limited (“BRL”) [Member]

Cayman Islands

Schedule of Consolidated Financial Statements [Line Items]

Investment holding

Jun. 07, 2022

British Virgin Islands (“BVI”)

Bgin Field Limited (“BFL”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Investment holding

Jun. 07, 2022

BVI

Bgin Tech Limited (“BTL HK”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Mining of cryptocurrencies

Mar. 18, 2019

Hong Kong

Bgin Infrastructure, LLC (“BILC”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Mining of cryptocurrencies and hosting services

Sep. 10, 2021

U.S.

Bgin Management, LLC (“BMLC”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Mining of cryptocurrencies and hosting services

Sep. 10, 2021

U.S.

Bgin Tech Pte. Ltd. (“BTPS”) [Member]

80.00%

Schedule of Consolidated Financial Statements [Line Items]

Development of Mining Machine

Dec. 27, 2021

Singapore

Bgin US Limited (“BUL”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Investment holding

Jun. 17, 2022

BVI

Bgin CA Limited (“BCL US”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Investment holding

^[1]

Jun. 17, 2022

^[1]

BVI

^[1]

Gestion Bgin INC (“GBI”) [Member]

100.00%

^[1]

Schedule of Consolidated Financial Statements [Line Items]

Mining of cryptocurrencies

^[1]

Oct. 12, 2021

^[1]

Canada

^[1]

Infrastructure Bgin INC (“IBI”) [Member]

100.00%

^[1]

Schedule of Consolidated Financial Statements [Line Items]

Mining of cryptocurrencies

^[1]

Oct. 12, 2021

^[1]

Canada

^[1]

Bgin Chip Limited (“BCL”) [Member]

100.00%

^[1]

Schedule of Consolidated Financial Statements [Line Items]

Development of computer chips

Jun. 24, 2022

Hong Kong

Bgin Mining INC (“BMI”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Mining of cryptocurrencies

Dec. 05, 2022

U.S.

Bgin Trading Limited (“BTL”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Sales of Mining Machine

Dec. 08, 2022

Hong Kong

Bgin Technologies Pte. Ltd. (“BTPL”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Sales of Mining Machine

May 27, 2024

Singapore

Bgin Trade HK Limited (“BTH”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Sales of Mining Machine

Aug. 20, 2024

Hong Kong

Bgin EU Limited (“BEU”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Global mining machine after-sale services

Nov. 14, 2024

Ireland

Bgin Construction INC (“BCI”) [Member]

100.00%

Schedule of Consolidated Financial Statements [Line Items]

Mining of cryptocurrencies and hosting services

Jul. 07, 2025

U.S.

Organization and Principal Activities [Abstract]

100.00%

[1]	All these entities were dissolved on January 9, 2025

Organization and Principal Activities

12 Months Ended

Dec. 31, 2025

Organization and principal activities

1. Organization and principal activities

General

The Company was incorporated in the Cayman Islands on March 23, 2022. Through its subsidiaries, the Company is principally engaged in cryptocurrency mining business, primarily focusing on cryptocurrency mining, sales of mining machines and hosting services.

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash Flows from Operating Activities:
Net (loss) income	$ (176,952,806)	$ 66,140,805	$ 139,760,782
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation	21,050,529	9,654,039	2,964,283
Inventories provision and write-off	62,311,983	36,708,352
Impairment of property and equipment	42,570,833	16,297,933
Provision for expected credit losses	1,649,653
Write-down of prepaid expenses	3,968,211
Change in fair value of cryptocurrencies	23,355,675	8,446,437	(312,722)
Cryptocurrencies mined	(48,801,605)	(103,868,145)	(37,003,196)
Loss from disposal of property and equipment	818,395	1,886,990	290,619
Share-based compensation	555,045
Employee compensation settled by cryptocurrencies	1,172,391	969,477	10,264,540
Expenses settled by cryptocurrencies	4,377,234	7,329,446	3,418,735
Cryptocurrencies paid to mining pool participants	5,803,256	58,269,299	23,765,150
Cryptocurrencies received from mining machine revenue	(13,920,228)	(183,749,800)	(198,127,459)
Cryptocurrencies received from hosting revenue	(3,286,206)	(5,643,613)	(18,592)
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)
Non-cash operating leases expense	204,387	12,334	1,362
Deferred income tax expense (recovery)	2,112,353	(2,112,353)	(278,065)
Expense of deferred issuance costs		594,473	337,829
Changes in operating assets and liabilities
Accounts receivable		2,807,030	(2,807,030)
Inventories	(74,133,471)	(120,843,518)	(3,534,937)
Prepaid expenses and other assets	(585,280)	(2,697,474)	(7,545,062)
Other receivables	2,938,361	(7,502,635)	(1,043,291)
Accounts payable and accrued liabilities	(4,086,929)	5,220,760	3,473,662
Contract liabilities	(87,222)	(298,688)	353,636
Taxes payable	(17,758,521)	16,368,853	34,072,676
Other payables	(82,514)	(400,342)	681,679
Operating lease liabilities	(225,606)
Due to related party	13,418
Net cash used in operating activities	(166,896,438)	(199,337,316)	(31,285,401)
Cash Flows from Investing Activities:
Proceeds from disposal of property and equipment	218,848
Purchase of property and equipment	(4,186,198)	(12,968,470)	(6,685,461)
Proceeds received from sale of cryptocurrencies	59,515,915	280,951,961	84,426,550
Net cash provided by investing activities	55,548,565	267,983,491	77,741,089
Cash Flows from Financing Activities:
Advance from (Repayments to) related parties		(110,721)	141,099
Increase in deferred issuance costs		(427,965)	(502,683)
Dividend paid	(4,051,000)
Proceeds from initial public offering, net of issuance cost	26,878,358
Proceeds from share issuance	2,500
Net cash provided by (used in) financing activities	22,829,858	(538,686)	(361,584)
Effect of foreign exchange rate changes			1,024
Net (decrease) increase in cash and cash equivalents	(88,518,015)	68,107,489	46,095,128
Cash and cash equivalents, beginning of year	114,804,348	46,696,859	601,731
Cash and cash equivalents, end of year	26,286,333	114,804,348	46,696,859
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Income taxes paid	18,130,952	381,808	17,488
Cryptocurrencies invested in short-term investments and future contracts	50,811,461	331,569,220
Accounts payable and accrued liabilities settled cryptocurrencies		1,802,802	292,684
Redemption of cryptocurrency short-term investments and future contracts	66,882,828	319,029,349
Cryptocurrencies used for payments of due to related parties		433,833	150,714
Cryptocurrencies used to pay dividends	949,000	5,000,000
Cryptocurrencies received from loan lent to related parties	101,336
Cryptocurrencies lent to third party	5,000,000
Cryptocurrencies received from repayment of cryptocurrency loan to third party	5,197,014
Deferred offering costs recognized against the proceeds from the offering	795,797
Property and equipment transferred from inventory	16,045,768	75,178,970
Right-of-use assets acquired in exchange for operating lease liabilities		$ 347,587	$ 382,990

Right to Receive Cryptocurrencies (Tables)

12 Months Ended

Dec. 31, 2025

Right to Receive Cryptocurrencies [Abstract]

Schedule of Rights to Receive Cryptocurrencies

The following table presents information about movements of the Company’s rights to receive cryptocurrencies.

	December 31, 2025			December 31, 2024
	US$			US$
Beginning balance		16,193,593			—
Cryptocurrencies invested in short-term investments		49,770,618			331,569,220
Rewards earned from cryptocurrency short-term investment		438,266			3,653,722
Redemption of cryptocurrency short-term investments		(66,402,477	)		(319,029,349	)
Ending Balance		—			16,193,593

Related Party Transactions and Balances - Schedule of Due to Related Party Balances (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Related Party [Member]
Related Party Transaction [Line Items]
Due to related party	$ 23,781	$ 10,363
Icing Trading Limited [Member]
Related Party Transaction [Line Items]
Due to related party	$ 23,781	$ 10,363

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Schedule of Prepaid expenses

Income Taxes - Schedule of Movement of Valuation Allowance (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Movement of Valuation Allowance [Abstract]
Beginning	$ 11,086,493	$ 1,192,182	$ 53,463
Ending	48,592,152	11,086,493	1,192,182
Change	$ 37,505,659	$ 9,894,311	$ 1,138,719

Subsequent Events

12 Months Ended

Dec. 31, 2025

Subsequent Events [Abstract]

Subsequent Events

16. Subsequent Events

The Company evaluated subsequent events through the date of the consolidated financial statements to be issued and determined no such events would require disclosure.

Prepaid Expenses (Tables)

12 Months Ended

Dec. 31, 2025

Prepaid Expenses [Abstract]

Prepaid expenses as of December 31, 2025 and 2024 consisted of the following:

	December 31, 2025		December 31, 2024
	US$		US$
Prepayment for materials		5,660,663		7,685,696
Prepayment for utilities		258,198		1,382,938
Prepayment for others		193,918		120,280
Total		6,112,779		9,188,914

Segment Reporting - Schedule of Geographic Revenue Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines	$ 15,254,872	$ 192,162,144	$ 219,782,989
Hong Kong, China [Member]
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines	13,471,227	63,880,356	66,540,832
US [Member]
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines	1,155,163	44,794,605	41,062,523
Others [Member]
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines	$ 628,482	14,995,521	9,848,022
Singapore [Member]
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines		30,368,587	35,128,651
Taiwan, China [Member]
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines		9,376,924	18,299,139
Vietnam [Member]
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines		7,465,468	44,775,855
The BVI [Member]
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines		6,337,092	$ 4,127,967
England and Wales [Member]
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines		5,226,816
Malaysia [Member]
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines		5,220,935
Hungary [Member]
Schedule of Geographic Revenue Information [Line Items]
Total revenue from sale of mining machines		$ 4,495,840

Summary of Significant Accounting Policies - Schedule of Revenues Disaggregated by Revenues from Contracts with Customers (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenues from contracts with customers
Total revenues	$ 67,395,903	$ 302,277,581	$ 257,268,371
Transaction fees from cryptocurrency mining [Member]
Revenues from contracts with customers
Total revenues	193,222	4,539,214
Cryptocurrency mining in third-party mining pools [Member]
Revenues from contracts with customers
Total revenues	10,753,859	568,427	509,940
Sale of mining machines [Member]
Revenues from contracts with customers
Total revenues	15,254,872	192,162,144	219,782,989
Hosting services [Member]
Revenues from contracts with customers
Total revenues	3,339,426	6,247,292	482,186
Total revenues from contracts with customers [Member]
Revenues from contracts with customers
Total revenues	29,541,379	203,517,077	220,775,115
Other sources: block rewards [Member]
Revenues from contracts with customers
Total revenues	$ 37,854,524	$ 98,760,504	$ 36,493,256

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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Summary of Significant Accounting Policies [Abstract]

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Auditor [Table]
Auditor Name	MaloneBailey, LLP
Auditor Firm ID	206
Auditor Location	Houston, Texas
Auditor Opinion [Text Block]	*Opinion on the Financial Statements* We have audited the accompanying consolidated balance sheet of BGIN BLOCKCHAIN LIMITED and its subsidiaries (collectively, the “Company”) as of December 31, 2025, and the related consolidated statements of operations and comprehensive (loss) income, changes in shareholders’ equity, and cash flows for the year then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Summary of significant accounting policies

2. Summary of significant accounting policies

Basis of presentation

The consolidated financial statements of the Company are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Principles of consolidation

	Principal activities	Percentage of ownership			Date of incorporation	Place of incorporation
BGIN BLOCKCHAIN LIMITED (the “Company”)	Investment holding		Parent		March 23, 2022	Cayman Islands
Bgin Rig Limited (“BRL”)	Investment holding		100	%	June 7, 2022	British Virgin Islands (“BVI”)
Bgin Field Limited (“BFL”)	Investment holding		100	%	June 7, 2022	BVI
Bgin Tech Limited (“BTL HK”)	Mining of cryptocurrencies		100	%	March 18, 2019	Hong Kong
Bgin Infrastructure, LLC (“BILC”)	Mining of cryptocurrencies and hosting services		100	%	September 10, 2021	U.S.
Bgin Management, LLC (“BMLC”)	Mining of cryptocurrencies and hosting services		80	%	September 10, 2021	U.S.
Bgin Tech Pte. Ltd. (“BTPS”)	Development of Mining Machine		100	%	December 27, 2021	Singapore
Bgin US Limited (“BUL”)	Investment holding		100	%	June 17, 2022	BVI
Bgin CA Limited (“BCL US”)**	Investment holding		100	%	June 17, 2022	BVI
Gestion Bgin INC (“GBI”)**	Mining of cryptocurrencies		100	%	October 12, 2021	Canada
Infrastructure Bgin INC (“IBI”)**	Mining of cryptocurrencies		100	%	October 12, 2021	Canada

Subsidiaries incorporated after reorganization
Bgin Chip Limited (“BCL”)	Development of computer chips		100	%	June 24, 2022	Hong Kong
Bgin Mining INC (“BMI”)	Mining of cryptocurrencies		100	%	December 5, 2022	U.S.
Bgin Trading Limited (“BTL”)	Sales of Mining Machine		100	%	December 8, 2022	Hong Kong
Bgin Technologies Pte. Ltd. (“BTPL”)	Sales of Mining Machine		100	%	May 27, 2024	Singapore
Bgin Trade HK Limited (“BTH”)	Sales of Mining Machine		100	%	August 20, 2024	Hong Kong
Bgin EU Limited (“BEU”)	Global mining machine after-sale services		100	%	November 14, 2024	Ireland
Bgin Construction INC (“BCI”)	Mining of cryptocurrencies and hosting services		100	%	July 7, 2025	U.S.

**	All these entities were dissolved on January 9, 2025

Use of estimates

Reclassification

Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on the Company’s net earnings and financial position.

Foreign currency and foreign currency translation

Certain risks and concentration

Accounts receivable

Inventories

Revenue recognition

i) Cryptocurrency mining

(i) Step 1: Identify the contract with the customer

(ii) Step 2: Identify the performance obligations in the contract

(iii) Step 3: Determine the transaction price

(iv) Step 4: Allocate the transaction price to the performance obligations in the contract

(v) Step 5: Recognize revenue when the Company satisfies a performance obligation

Company’s own mining machines

The Company performs cryptocurrency mining activities with its own mining machines as a pool operator and as a pool participant:

Mining as an operator of its own mining pool

●

For each individual contract, the parties’ rights, the transaction price, and the payment terms are fixed and known as of the inception of each individual contract.

●

The transaction requestor and the blockchain network each have a unilateral enforceable right to terminate their respective contracts at any time without penalty.

●

Mining as a participant in other third-party mining pools

Mining pool operated by the Company

ii) Sale of mining machines

The sales price in each the contract is stipulated in the U.S. dollars. Customers are allowed to settle the contract using the equivalent amount in USDT cryptocurrency at the time of payment.

iii) Hosting services

The following table presents the Company’s revenues disaggregated by revenues from contracts with customers and other sources:

	December 31, 2025		December 31, 2024		December 31, 2023
	US$		US$		US$
Revenues from contracts with customers
Transaction fees from cryptocurrency mining		193,222		4,539,214		—
Cryptocurrency mining in third-party mining pools		10,753,859		568,427		509,940
Sale of mining machines		15,254,872		192,162,144		219,782,989
Hosting services		3,339,426		6,247,292		482,186
Total revenues from contracts with customers		29,541,379		203,517,077		220,775,115
Other sources: block rewards		37,854,524		98,760,504		36,493,256
Total revenues		67,395,903		302,277,581		257,268,371

Fair value measurement

The accounting guidance requires fair value measurements be classified and disclosed in one of the following three categories:

	Level 1:	Quoted prices (unadjusted) in active markets for identical assets or liabilities.

	Level 2:	Observable inputs other than Level 1 prices, for similar assets or liabilities that are directly or indirectly observable in the marketplace.

	Level 3:	Unobservable inputs which are supported by little or no market activity and that are financial instruments whose values are determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant judgment or estimation.

Property and equipment

Category		Life (Years)
Buildings and improvements		39
Mining equipment		2 – 3
Vehicles		5
Other equipment and fixtures		5 – 10
Land		N/A
Assembly-in-progress mining equipment		N/A

Cryptocurrencies

Right to receive cryptocurrencies

Cryptocurrency future contracts

Cryptocurrency future contracts are valued at the period end price for open contracts or the final settlement price for closed contracts set by an exchange on which they are principally traded.

Costs of Revenues

Costs of service for hosting services consist primarily of the utility costs, labors and depreciation expenses related to the hosting facility.

Impairment of long-lived assets

Taxation

(Loss) earnings per share

Stock-Based Compensation

Related party transactions

The Company identifies related parties, and accounts for, discloses related party transactions in accordance with ASC Topic 850, “Related Party Disclosures,” and other relevant ASC standards.

Segment information

Recently issued accounting standards

New accounting standard which has been adopted

New accounting standards which have not yet been adopted

Consolidated Statements of Changes in Shareholders’ Equity - USD ($)

Ordinary shares

Class A

Ordinary shares

Class B

Additional paid-in capital

Retained earnings

Non- controlling interest

Accumulated other comprehensive loss

Total

Balance at Dec. 31, 2022

^[1]

$ 9,273,760

$ 91,000

$ (244,929)

$ 9,119,831

Balance (in Shares) at Dec. 31, 2022

^[1]

85,258,128

22,554,375

Net income (loss)

139,708,193

52,589

139,760,782

Adoption of new accounting policy

39,996

Currency translation adjustment

870

Balance at Dec. 31, 2023

^[1]

149,021,949

143,589

(244,059)

148,921,479

Balance (in Shares) at Dec. 31, 2023

^[1]

85,258,128

22,554,375

Net income (loss)

65,932,247

208,558

66,140,805

Dividend distribution

(5,000,000)

Currency translation adjustment

Balance at Dec. 31, 2024

^[1]

209,954,196

352,147

(244,059)

210,062,284

Balance (in Shares) at Dec. 31, 2024

^[1]

85,258,128

22,554,375

Net income (loss)

(176,857,834)

(94,972)

(176,952,806)

Share issuance

1,977

523

2,500

Share-based compensation

$ 22

555,023

555,045

Share-based compensation (in Shares)

323,438

Issuance of ordinary shares for cash

$ 348

26,082,213

26,082,561

Issuance of ordinary shares for cash (in Shares)

5,000,000

Dividend distribution

(5,000,000)

Currency translation adjustment

Balance at Dec. 31, 2025

$ 2,347

$ 523

$ 26,637,236

$ 28,090,362

$ 257,175

$ (244,059)

$ 54,749,584

Balance (in Shares) at Dec. 31, 2025

90,581,566

22,554,375

[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”)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Significant Accounting Policies [Abstract]

Schedule of Consolidated Financial Statements

	Principal activities	Percentage of ownership			Date of incorporation	Place of incorporation
BGIN BLOCKCHAIN LIMITED (the “Company”)	Investment holding		Parent		March 23, 2022	Cayman Islands
Bgin Rig Limited (“BRL”)	Investment holding		100	%	June 7, 2022	British Virgin Islands (“BVI”)
Bgin Field Limited (“BFL”)	Investment holding		100	%	June 7, 2022	BVI
Bgin Tech Limited (“BTL HK”)	Mining of cryptocurrencies		100	%	March 18, 2019	Hong Kong
Bgin Infrastructure, LLC (“BILC”)	Mining of cryptocurrencies and hosting services		100	%	September 10, 2021	U.S.
Bgin Management, LLC (“BMLC”)	Mining of cryptocurrencies and hosting services		80	%	September 10, 2021	U.S.
Bgin Tech Pte. Ltd. (“BTPS”)	Development of Mining Machine		100	%	December 27, 2021	Singapore
Bgin US Limited (“BUL”)	Investment holding		100	%	June 17, 2022	BVI
Bgin CA Limited (“BCL US”)**	Investment holding		100	%	June 17, 2022	BVI
Gestion Bgin INC (“GBI”)**	Mining of cryptocurrencies		100	%	October 12, 2021	Canada
Infrastructure Bgin INC (“IBI”)**	Mining of cryptocurrencies		100	%	October 12, 2021	Canada

Subsidiaries incorporated after reorganization
Bgin Chip Limited (“BCL”)	Development of computer chips		100	%	June 24, 2022	Hong Kong
Bgin Mining INC (“BMI”)	Mining of cryptocurrencies		100	%	December 5, 2022	U.S.
Bgin Trading Limited (“BTL”)	Sales of Mining Machine		100	%	December 8, 2022	Hong Kong
Bgin Technologies Pte. Ltd. (“BTPL”)	Sales of Mining Machine		100	%	May 27, 2024	Singapore
Bgin Trade HK Limited (“BTH”)	Sales of Mining Machine		100	%	August 20, 2024	Hong Kong
Bgin EU Limited (“BEU”)	Global mining machine after-sale services		100	%	November 14, 2024	Ireland
Bgin Construction INC (“BCI”)	Mining of cryptocurrencies and hosting services		100	%	July 7, 2025	U.S.

**	All these entities were dissolved on January 9, 2025

Schedule of Revenues Disaggregated by Revenues from Contracts with Customers

The following table presents the Company’s revenues disaggregated by revenues from contracts with customers and other sources:

	December 31, 2025		December 31, 2024		December 31, 2023
	US$		US$		US$
Revenues from contracts with customers
Transaction fees from cryptocurrency mining		193,222		4,539,214		—
Cryptocurrency mining in third-party mining pools		10,753,859		568,427		509,940
Sale of mining machines		15,254,872		192,162,144		219,782,989
Hosting services		3,339,426		6,247,292		482,186
Total revenues from contracts with customers		29,541,379		203,517,077		220,775,115
Other sources: block rewards		37,854,524		98,760,504		36,493,256
Total revenues		67,395,903		302,277,581		257,268,371

Schedule of Estimated Useful Lives for All Other Property and Equipment

The estimated useful lives for all other property and equipment are as follows:

Category		Life (Years)
Buildings and improvements		39
Mining equipment		2 – 3
Vehicles		5
Other equipment and fixtures		5 – 10
Land		N/A
Assembly-in-progress mining equipment		N/A

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Year ended December 31, 2025	Cryptocurrency mining			Sale of mining machines			Other		Total
	US$			US$			US$		US$
Revenue		48,801,605			15,254,872			3,339,426		67,395,903
Costs of revenues – excluding depreciation		48,206,495			71,207,327			2,589,131		122,002,953
Costs of revenues – depreciation		20,930,507			—			54,849		20,985,356
Segment gross (loss) profit		(20,335,397	)		(55,952,455	)		695,446		(75,592,406	)
Impairment of property and equipment		42,570,833			—			—		42,570,833
Segment (loss) profit after impairment of property and equipment		(62,906,230	)		(55,952,455	)		695,446		(118,163,239	)
Selling expenses										393,458
General and administrative										13,868,940
Research and development										20,191,147
Change in fair value of cryptocurrencies										23,355,675
Realized loss on future contracts										560,492
Rewards earned from crypto short-term investments										(438,266	)
Other gain – interest income										(942,892	)
Other (income) expenses, net										(729,507	)
Foreign exchange loss										189,490
Income before income taxes										(174,611,776	)
Current income taxes										228,677
Deferred income taxes										2,112,353
Net loss										(176,952,806	)

Year ended December 31, 2024	Cryptocurrency mining			Sale of mining machines		Other		Total
	US$			US$		US$		US$
Revenue		103,868,145			192,162,144		6,247,292		302,277,581
Costs of revenues – excluding depreciation		78,561,986			81,713,511		4,712,409		164,987,906
Costs of revenues – depreciation		9,418,434			—		185,331		9,603,765
Segment gross profit		15,887,725			110,448,633		1,349,552		127,685,910
Impairment of property and equipment		16,297,933			—		—		16,297,933
Segment (loss) profit after impairment of property and equipment		(410,208	)		110,448,633		1,349,552		111,387,977
Selling expenses									702,916
General and administrative									7,157,554
Research and development									16,374,310
Change in fair value of cryptocurrencies									8,446,437
Realized loss on future contracts									726,746
Rewards earned from crypto short-term investments									(3,653,722	)
Other (income) expenses, net									338,351
Foreign exchange loss									509,319
Income before income taxes									80,786,066
Current income taxes									16,757,614
Deferred income taxes									(2,112,353	)
Net income									66,140,805

Year ended December 31, 2023	Cryptocurrency mining		Sale of mining machines		Other			Total
	US$		US$		US$			US$
Revenue		37,003,196		219,782,989		482,186			257,268,371
Costs of revenues – excluding depreciation		29,577,616		25,389,335		453,052			55,420,003
Costs of revenues – depreciation		2,639,240				35,785			2,675,025
Segment gross profit		4,786,340		194,393,654		(6,651	)		199,173,343
Selling expenses									1,148,308
General and administrative									14,570,383
Research and development									10,099,575
Change in fair value of cryptocurrencies									(312,722	)
Other (income) expenses, net									(37,039	)
Foreign exchange loss									131,366
Income before income taxes									173,573,472
Current income taxes									34,090,755
Deferred income taxes									(278,065	)
Net income									139,760,782

Schedule of Geographic Revenue Information

Geographic revenue information for sale of mining machines for the year ended December 31, 2025 is as follows:

Geographic location	US$
Hong Kong, China		13,471,227
United States (the U.S.)		1,155,163
Others		628,482
Total revenue from sale of mining machines		15,254,872

Geographic revenue information for sale of mining machines for the year ended December 31, 2024 is as follows:

Geographic location	US$
Hong Kong, China		63,880,356
United States (the U.S.)		44,794,605
Singapore		30,368,587
Taiwan, China		9,376,924
Vietnam		7,465,468
The BVI		6,337,092
England and Wales		5,226,816
Malaysia		5,220,935
Hungary		4,495,840
Others		14,995,521
Total revenue from sale of mining machines		192,162,144

Geographic revenue information for sale of mining machines for the year ended December 31, 2023 is as follows:

Geographic location	US$
Hong Kong, China		66,540,832
United States (US)		41,062,523
Singapore		35,128,651
Taiwan, China		18,299,139
Vietnam		44,775,855
The BVI		4,127,967
Others		9,848,022
Total revenue from sale of mining machines		219,782,989

Property and Equipment, Net (Details) - USD ($)	12 Months Ended
Property and Equipment, Net (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property and Equipment, Net [Line Items]
Impairment charge	$ 42,570,833	$ 16,297,933
Depreciation expenses	21,050,529	9,654,039	2,964,283
Loss from disposal of mining equipment	(818,395)	(1,886,990)	(290,619)
Costs of Revenues [Member]
Property and Equipment, Net [Line Items]
Depreciation expenses	20,985,356	9,603,765	2,674,014
General and Administrative Expense [Member]
Property and Equipment, Net [Line Items]
Depreciation expenses	65,173	11,972	290,269
Research and Development Expense [Member]
Property and Equipment, Net [Line Items]
Depreciation expenses		$ 38,302

Cryptocurrencies - Schedule of Ending Balance of Cryptocurrencies (Details)

Dec. 31, 2025

USD ($)

Dec. 31, 2024

USD ($)

Schedule of Ending Balance of Cryptocurrencies [Line Items]

$ 35,143,340

$ 37,791,835

Schedule of Ending Balance of Cryptocurrencies [Line Items]

$ 22,450,733

$ 32,143,476

USDT [Member]

Quantity

7,313,220

2,352,373

$ 7,313,220

$ 2,352,373

Schedule of Ending Balance of Cryptocurrencies [Line Items]

$ 7,313,220

$ 2,352,373

KASPA [Member]

Quantity

328,479,094

235,273,895

$ 26,418,442

$ 32,989,316

Schedule of Ending Balance of Cryptocurrencies [Line Items]

$ 14,085,184

$ 27,425,407

Others [Member]

Quantity

^[1]

$ 1,411,678

$ 2,450,146

Cybersecurity Risk Management, Strategy, and Governance [Line Items]

$ 1,052,329

$ 2,365,696

[1]	Others consist of various cryptocurrencies with immaterial balances. Therefore, their quantity information is not disclosed.

Organization and Principal Activities (Details)	12 Months Ended
Organization and Principal Activities (Details)	Dec. 31, 2025
Organization and Principal Activities [Abstract]
Incorporated date	Mar. 23, 2022

Cryptocurrencies - Schedule of Cryptocurrencies (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Schedule of Cryptocurrencies [Abstract]
Beginning balance	$ 32,143,476	$ 116,081,331	$ 1,270,806
Adoption of ASC 2023-08			39,996
Cryptocurrencies mined	49,209,435	103,868,145	37,003,196
Cryptocurrencies from mining machine revenue	14,484,765	182,574,508	199,456,358
Cryptocurrencies from hosting revenue	2,685,275	6,089,364	316,626
Cryptocurrencies paid to mining pool participants	(5,618,035)	(58,269,299)	(23,765,150)
Disposal of cryptocurrencies	(59,515,915)	(280,951,961)	(84,426,550)
Cryptocurrencies received from repayment from related parties	101,336
Cryptocurrencies lent to third party	(5,000,000)
Cryptocurrencies received from repayment from third party	5,197,014
Cryptocurrencies received from (invested in) short-term investments, net	16,631,859	(12,539,871)
Cryptocurrencies paid to settle futures contracts, net	(560,492)	(726,746)
Cryptocurrencies used for payments of dividends	(949,000)	(5,000,000)
Cryptocurrencies used for payments of employee compensation	(1,172,391)	(969,477)	(10,264,540)
Cryptocurrencies used for payments of expenses	(4,377,234)	(7,329,446)	(3,418,735)
Cryptocurrencies used for payments of accounts payable		(1,802,802)	(292,684)
Cryptocurrency paid to related party		(433,833)	(150,714)
Cryptocurrency received to settle other receivables	2,546,315
Change in fair value	(23,355,675)	(8,446,437)	312,722
Ending balance	$ 22,450,733	$ 32,143,476	$ 116,081,331

Summary of Significant Accounting Policies - Schedule of Estimated Useful Lives for All Other Property and Equipment (Details)	Dec. 31, 2025
Buildings and improvements [Member]
Schedule of Estimated Useful Lives for All Other Property and Equipment [Line Items]
Property and equipment estimated useful lives	39 years
Mining equipment [Member] \| Minimum [Member]
Schedule of Estimated Useful Lives for All Other Property and Equipment [Line Items]
Property and equipment estimated useful lives	2 years
Mining equipment [Member] \| Maximum [Member]
Schedule of Estimated Useful Lives for All Other Property and Equipment [Line Items]
Property and equipment estimated useful lives	3 years
Vehicles [Member]
Schedule of Estimated Useful Lives for All Other Property and Equipment [Line Items]
Property and equipment estimated useful lives	5 years
Other equipment and fixtures [Member] \| Minimum [Member]
Schedule of Estimated Useful Lives for All Other Property and Equipment [Line Items]
Property and equipment estimated useful lives	5 years
Other equipment and fixtures [Member] \| Maximum [Member]
Schedule of Estimated Useful Lives for All Other Property and Equipment [Line Items]
Property and equipment estimated useful lives	10 years
Land [Member]
Schedule of Estimated Useful Lives for All Other Property and Equipment [Line Items]
Property and equipment estimated useful lives
Assembly-in-progress mining equipment [Member]
Schedule of Estimated Useful Lives for All Other Property and Equipment [Line Items]
Property and equipment estimated useful lives

Cybersecurity Risk Management and Strategy Disclosure

12 Months Ended

Dec. 31, 2025

Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

Risk Management and Cybersecurity Strategy

We recognize the critical importance of establishing, implementing, and continuously enhancing robust cybersecurity measures to safeguard our information systems and ensure the confidentiality, integrity, and availability of our data assets.

Our cybersecurity strategy is designed to proactively identify, assess, and mitigate risks while aligning with our overall business objectives and operational requirements.

Managing Material Risks & Integrated Overall Risk Management

By embedding our cybersecurity management operations within our broader risk management practice, we ensure that cybersecurity considerations are incorporated into our risk management and operational decision-making. This cross-functional approach enables us to identify potential vulnerabilities, monitor evolving risks, and implement mitigation measures in a timely manner. Where appropriate, we leverage internal and external professional support, including support from an accounting and advisory firm, to strengthen our cybersecurity controls and risk management processes.

Overseeing Third-party Risks

As we acknowledge potential risks associated with third-party service providers, we have processes to oversee and manage cybersecurity risks from third-party service providers, including:

Pre-Contract Assessment: Rigorous technical evaluations of vendor security protocols.

Risk-Based Governance: Monitoring measures tailored to the sensitivity of the data accessed.

Privileged Access Management (PAM): Strict isolation of third-party access to prevent lateral movement.

This approach is designed to mitigate potential risks related to data breaches or other security incidents originating from third-parties.

Risks from Cybersecurity Threats

We have not encountered cybersecurity threats or incidents that have materially impaired or affected our operations, business strategy or financial condition as of the date of this annual report.

Governance

Our board of directors acknowledges the critical nature of managing risks associated with cybersecurity threats and the significance of these threats to our operational integrity and stakeholder confidence. Accordingly, the Company has established oversight mechanisms to ensure effective governance in managing risks associated with cybersecurity threats.

Board of Directors Oversight

The Audit Committee is central to the board of directors’ oversight of cybersecurity risks and bears the primary responsibility for this domain. The Audit Committee includes members with backgrounds in risk management, finance, and information technology, which supports its oversight responsibilities effectively. The Audit Committee shall keep the board of directors informed of significant cybersecurity matters as appropriate.

Management’s Role in Managing Risks

Cybersecurity risks are monitored through internal management processes, with the Company’s IT function and relevant members of management responsible for day-to-day monitoring, review of alerts and incidents, and response coordination. Management also works with legal counsel and senior leadership to determine whether a potential cybersecurity matter should be escalated for further review. The Company’s cybersecurity risk management efforts are supported by personnel with relevant experience in information systems, cybersecurity, and risk oversight. These individuals help maintain monitoring processes, assess vulnerabilities, and support the prevention, detection, mitigation, and remediation of cybersecurity incidents. Material cybersecurity issues are escalated to senior management and reported to the Audit Committee for further actioning as appropriate. The Company continues to enhance its cybersecurity governance and oversight practices. The Audit Committee conducts an annual review of our cybersecurity measures and the effectiveness of its risk management strategies. This review helps in identifying areas for improvement and ensuring the alignment of cybersecurity efforts with the overall risk management framework.

Cybersecurity Risk Management Processes Integrated [Text Block]

Managing Material Risks & Integrated Overall Risk Management

Cybersecurity Risk Board of Directors Oversight [Text Block]

Board of Directors Oversight

Cybersecurity Risk Role of Management [Text Block]

Management’s Role in Managing Risks

Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]

The Audit Committee includes members with backgrounds in risk management, finance, and information technology, which supports its oversight responsibilities effectively.

Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]

false

Cybersecurity Risk Management Third Party Engaged [Flag]

true

Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]

true

Ordinary Shares

12 Months Ended

Dec. 31, 2025

Ordinary Shares [Abstract]

Ordinary Shares

10. Ordinary Shares

The Company’s authorized ordinary shares include:

852,581,250 Class A shares of US$0.0000695652173913043 par value each; and

ii)

225,543,750 Class B shares of US$0.0000695652173913043 par value each.

Share issuances

On October 22, 2025, the Company closed its initial public offering (the “IPO”) of 5,000,000 Class A ordinary shares, par value US$0.0000695652173913043 per share. The Class A ordinary shares were priced at $6.00 per share, and the offering was conducted on a firm commitment basis. Total gross proceeds from the IPO were US$30,000,000. After deducting total issuance costs, the Company received net proceeds of US$26,878,358.

Share Subdivisions, Share Capital Increase and Share Issuance

On February 3, 2025, the Company’s board of directors passed unanimous written resolutions to approve, among other things, a subdivision of the Company’s authorized and issued share capital on a 1:10 basis (the “February 2025 Share Subdivision”), such that (i) the authorized share capital of the Company be amended from US$50,000 divided into 39,540,000 Class A ordinary shares of par value US$0.001 each and 10,460,000 Class B ordinary shares of par value US$0.001 each to US$50,000 divided into 395,400,000 Class A ordinary shares of par value US$0.0001 each and 104,600,000 Class B ordinary shares of par value US$0.0001 each and (ii) the issued share capital of the Company be amended from 3,954,000 Class A ordinary shares of par value US$0.001 each and 1,046,000 Class B ordinary shares of par value US$0.001 each to 39,540,000 Class A ordinary shares of par value US$0.0001 each and 10,460,000 Class B ordinary shares of par value US$0.0001 each.

Through the same set of resolutions, the Company’s board of directors approved an increase in the Company’s authorized share capital from US$50,000 divided into 395,400,000 Class A ordinary shares of par value US$0.0001 each and 104,600,000 Class B ordinary shares of par value US$0.0001 each to US$75,000 divided into 593,100,000 Class A ordinary shares of par value US$0.0001 each and 156,900,000 Class B ordinary shares of par value US$0.0001 each (the “Share Capital Increase”), and the issuance of an aggregate of 19,770,000 Class A ordinary shares and 5,230,000 Class B ordinary shares to existing shareholders of the Company on a pro rata basis (the “Share Issuance”).

On July 16, 2025, the Company’s board of directors passed unanimous written resolutions to approve, among other things, a subdivision of the Company’s authorized and issued share capital on a 1:1.4375 basis (the “July 2025 Share Subdivision”), such that the authorized share capital of the Company be amended to US$75,000 divided into 852,581,250 Class A Ordinary Shares of par value US$0.0000695652173913043 each and 225,543,750 Class B Ordinary Shares of par value US$0.0000695652173913043 each. After the July 2025 Share Subdivision, as of December 31, 2025, the issued and outstanding Class A Ordinary Shares is 90,581,566 and the issued and outstanding Class B Ordinary Shares is 22,554,375.

The effects of the February 2025 Share Subdivision, the July 2025 Share Subdivision, the Share Capital Increase, and the Share Issuance have been retrospectively applied to all relevant financial data, including shares outstanding, earnings per share, and any other per-share metrics disclosed in the financial statements.

Dividends

On January 15, 2024, the Company declared dividends of US$5,000,000 to its shareholders, payable in USDT. In February 2024, all of the US$5,000,000 dividend was paid in USDT.

On June 23, 2025, the Company declared dividends of US$5,000,000 to its shareholders, payable in either cash or by a distribution in specie of USDT. By June 30, 2025, all of the US$5,000,000 was paid to the shareholders, among which US$949,000 was paid in USDT.

The entire disclosure for equity.

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Pay vs Performance Disclosure - USD ($)	12 Months Ended
Pay vs Performance Disclosure - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (176,952,806)	$ 66,140,805	$ 139,760,782

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Income Taxes - Schedule of Components of Income (Loss) Before Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Examination [Line Items]
Total income (loss) before income taxes	$ (174,611,776)	$ 80,786,066	$ 173,573,472
United States [Member]
Income Tax Examination [Line Items]
Total income (loss) before income taxes	(72,580,690)
Other jurisdictions [Member]
Income Tax Examination [Line Items]
Total income (loss) before income taxes	$ (102,031,086)

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Related Party Transactions and Balances - Schedule of Due From Related Party Balances (Details) - USD ($)

Dec. 31, 2025

Dec. 31, 2024

Related Party [Member]

$ 949,914

$ 101,336

Qiuhua Li [Member]

33,098

Qingfeng Wu [Member]

68,238

CoinPal Limited [Member]

$ 949,914

^[1]

[1]	CoinPal became a related party only after Mr. Li acquired 100% of its equity in April 2025; therefore, the 2024 balance is not presented.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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