Bgin Blockchain Limited
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$0.65
Market Price
$1.91
Overvalued By
193.8%
Method: Net-asset-value approach: book equity $54.75M (cash $26.29M + crypto assets $22.5M + other tangible assets, debt only $0.22M) x 1.3x pipeline premium for the newly-validated 4nm Bitcoin ASIC prototype, / 113.14M shares outstanding
Reasoning: FY2025 results include large non-cash impairment ($42.6M) and inventory write-offs ($62.3M) tied to a legacy altcoin business being wound down, making trailing earnings unrepresentative; a tangible-asset floor plus a modest premium for the early-stage Bitcoin-ASIC R&D pipeline is more grounded than discounting volatile, currently-negative cash flows