Internet reports that Bgin Blockchain Limited, a Singapore-based cryptocurrency miner, has submitted a U.S. IPO application and is expected to raise US$50 million. According to a filing filed with the SEC on February 21, Bgin plans to issue approximately 59.54 million Class A common shares and 15.69 million Class B common shares, and applies for a listing on the Nasdaq under the ticker symbol "BGIN". The company was established in 2019 and focuses on the design and sales of mining equipment for alternative cryptocurrencies. It sold nearly 68,000 mining machines in fiscal 2023. Bgin also revealed that almost all revenue in fiscal 2022 comes from crypto mining and plans to use the proceeds raised by the IPO for R & D expansion. Recently, several crypto companies are also planning to go public in the United States, including eToro and BitGo.