# EDGAR Filing Document

**Accession Number:** 0001945565
**File Stem:** 0000000000-25-009260
**Filing Date:** 2025-8
**Character Count:** 4081
**Document Hash:** b14b647a1155e9cee38655716ba47b80
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-009260.hdr.sgml**: 20260324

**ACCESSION NUMBER**: 0000000000-25-009260

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250828

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BGIN BLOCKCHAIN Ltd
- **CENTRAL INDEX KEY:** 0001945565
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-06373

**BUSINESS ADDRESS:**
- **STREET 1:** #09 12 PAYA LEBAR SQUARE
- **STREET 2:** 60 PAYA LEBAR ROAD
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 409051
- **BUSINESS PHONE:** 65-9658 5681

**MAIL ADDRESS:**
- **STREET 1:** #09 12 PAYA LEBAR SQUARE
- **STREET 2:** 60 PAYA LEBAR ROAD
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 409051

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Bgin Blockchain Ltd
- **DATE OF NAME CHANGE:** 20220906
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-22-057293

## Text-Extract

```

                                                            August 28, 2025

Qingfeng Wu
Chief Executive Officer
Bgin Blockchain Limited
#09 12 Paya Lebar Square
60 Paya Lebar Road
Singapore 409051

       Re: Bgin Blockchain Limited
           Amendment No. 4 to Registration Statement on Form F-1
           Filed August 1, 2025
           File No. 333-285108
Dear Qingfeng Wu:

     We have reviewed your amended registration statement and have the
following
comment.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe our comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments.

Amendment No. 4 to Registration Statement on Form F-1
Management's Discussion and Analysis of Financial Condition and Results of
Operations
Results of Operations
Comparison of the Fiscal Years ended December 31, 2024 and December 31, 2023,
page 93

1.     In your mining revenue discussion on page 93 you disclose that you owned
46,989
       mining machines at December 31, 2024, of which 37,864 units were in
operation and
       9,125 units were idle and not operating. On page 94, you disclose that
on average you
       deployed 13,241 mining machines during the year ended December 31, 2024.
On
       page 127, you disclose that on the date of your prospectus you owned
70,739 mining
       machines with only 23,016 units in operation and 47,723 units not
operating. Please
       address the following:
           Tell us why mining machines in operation declined from December 31,
2024 to
 August 28, 2025
Page 2

           the date of your prospectus and why units not in operation have
increased over the
           same period.
             Tell us whether or not the decline in mining machines in operation
and the
           increase in units not in operations are indicative of trends.
             Tell us your consideration for disclosing the cause of the decline
and the impact
           on future results or tell us where you made this disclosure in your
filing.

       Please contact Kate Tillan at 202-551-3604 or Mark Brunhofer at
202-551-3638 if
you have questions regarding comments on the financial statements and related
matters. Please contact John Dana Brown at 202-551-3859 or Sandra Hunter
Berkheimer at
202-551-3758 with any other questions.

                                                           Sincerely,

                                                           Division of
Corporation Finance
                                                           Office of Crypto
Assets
cc:   Ying Li

```

### Attached PDF Documents

**Attachment 1:** `filename1`

_No text found in this document._