BGIN (BGIN Blockchain) Moat Score: 3/10 (As of Jul. 12, 2026)


BGIN BGIN Blockchain Ltd BGIN
39 GF Score
Price $1.92
! 4 Warning Signs
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What is BGIN Blockchain Moat Score?

BGIN Blockchain BGIN -3.77% 39 Moat Score is 3 as of Jul. 12, 2026. GuruFocus rates BGIN with a GF Score™ of 39/100. The stock has 4 warning signs investors should review. Among 2,472 Hardware companies, BGIN Blockchain ranks better than 91.67% on this metric.

BGIN Blockchain has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

BGIN Blockchain has No Moat: BGIN Blockchain Ltd operates in the highly competitive and rapidly evolving blockchain industry with no significant market leadership or durable cost advantages. The lack of strong brand strength, intellectual property, or regulatory barriers results in a very weak competitive position.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes BGIN Blockchain might have No Moat - Very weak/transient advantages.

BGIN Blockchain  (NAS:BGIN) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

BGIN Blockchain Moat Score Related Terms

BGIN vs ALOT, CAN, NNDM: Moat Score Comparison

For the Computer Hardware subindustry, BGIN Blockchain's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BGIN Blockchain Moat Score vs Hardware Industry

For the Hardware industry and Technology sector, BGIN Blockchain's Moat Score distribution charts can be found below:

* The bar in red indicates where BGIN Blockchain's Moat Score falls into.


BGIN
39GF Score
BGIN Blockchain Ltd BGIN
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 3 mean?
BGIN Blockchain (BGIN) has a Moat Score of 3 as of Jul. 12, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, BGIN Blockchain ranks #206 out of 2472 companies in the Hardware industry, placing it in the top 8.3%.
Is BGIN Blockchain's Moat Score too high?
BGIN Blockchain's current Moat Score is 3. Based on the distribution chart, BGIN Blockchain ranks #206 out of 2472 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, BGIN Blockchain has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does BGIN Blockchain's Moat Score compare to ALOT and CAN?
According to the Hardware industry distribution chart, BGIN Blockchain ranks #206 out of 2472 companies for Moat Score. This places BGIN Blockchain in the top 8% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Hardware company?
A good Moat Score depends on the Hardware industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. BGIN Blockchain's current Moat Score is 3. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BGIN Blockchain stock overvalued right now?
BGIN Blockchain (BGIN) has a current Moat Score of 3. The current Moat Score is 3. BGIN Blockchain's overall GF Score™ is 39/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For BGIN Blockchain (BGIN), the current Moat Score is 3 as of Jul. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BGIN Blockchain Business Description

Address 60 Paya Lebar Road, No. 09 12 Paya Lebar Square, Singapore, SGP, 409051
BGIN Blockchain Ltd is a digital asset technology company engaged in cryptocurrency mining technologies, self-mining operations, and the design and sale of ASIC mining machines. The company develops proprietary mining hardware under its ICERIVER brand and provides mining infrastructure and hosting solutions. It operates through two reportable segments: cryptocurrency mining and sale of mining machines. The company focuses on cryptocurrencies such as Bitcoin, Dogecoin, KAS, ALPH, and RXD. Geographically, it derives revenue from Hong Kong, China, Vietnam, the United States, Singapore, and other markets.
39GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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