BGIN Blockchain Limited (Nasdaq: BGIN) has announced the successful tape-out of its first in-house developed Bitcoin mining ASIC chip, BT1, marking a significant milestone in its research and development efforts. The 4nm chip has now entered the system-level testing phase, underscoring the company's commitment to advancing its Bitcoin mining infrastructure. This achievement represents BGIN's seventh consecutive successful tape-out since 2022, highlighting its strong R&D and execution capabilities. The company aims to optimize its R&D and production processes to achieve cost advantages and strengthen its position as a key player in the cryptocurrency mining sector. BGIN operates under the miner brand ICERIVER®, offering advanced mining infrastructure and services to a wide range of clients, from beginners to large-scale industrial operations.