Bgin released unaudited financial results on November 14, 2025, for the six months ended June 30, 2025, revealing that total revenue had declined roughly $96 million from the previous year, operating expenses increased 582.8%, and the Company’s gross profit of $84.8 million in the prior year had plummeted to a gross loss of $6.3 million.
Bgin also disclosed on December 15, 2025, that the Company had “resolved not to renew or negotiate new terms for continued engagement” with its current auditor and had “approved the engagement of . . . an independent registered public accounting firm, to serve as the auditor of the Company, effective December 12, 2025.”
Following this news, the Company’s shares fell over 59% on December 29, 2025.
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