Recent Updates — BTOG

Sangrix Inc. filed an amendment to its Form 6-K to restate unaudited condensed consolidated financial statements for the six months ended December 31, 2025. The restatement corrects errors in classifying Class A Ordinary Shares with redemption rights as mezzanine equity, presenting interest expense on convertible debentures measured under the fair value option, and measuring deemed dividends from warrant down-round features. These adjustments are material to the previously issued statements but do not affect total assets, liabilities, or consolidated net loss. The filing also retroactively adjusts share counts for a 1-for-5 reverse split effective August 21, 2026, following a prior 1-for-60 split in January 2026. Sangrix Inc. operates in the cryptocurrency mining industry.

Sangrix Inc. sold 3 million Dogecoin on September 7, 2026, generating approximately US$267,665 in gross proceeds to support working capital and its transition toward AI computing infrastructure. The transactions occurred at a weighted average price of US$0.0892 per DOGE following a recent market recovery. Proceeds will fund equipment and deployment costs for the company's new strategic focus on GPU-based computing capacity, server leasing, and data storage services. Sangrix Inc. operates in the artificial intelligence infrastructure sector, providing computing resources and related services.

BIT ORIGIN Ltd implemented a 1-for-5 reverse stock split of its Class A and Class B ordinary shares, effective August 21, 2026. The consolidation reduced outstanding Class A shares from approximately 3,999,568 to roughly 799,914 and Class B shares from 105,211 to about 21,043. Fractional shares were rounded up to the nearest whole share rather than paid in cash. The company executed this action to maintain compliance with Nasdaq’s minimum bid price requirement of $1.00 per share under Listing Rule 5550(a)(2). Concurrently, the par value was increased to US$0.0003 and authorized shares were proportionately reduced. Outstanding options and warrants were adjusted to preserve aggregate exercise prices. BIT ORIGIN Ltd operates in the AI computing infrastructure and digital asset innovation industry.