Key Highlights

  • Shares fell 13.20% to USD 0.6406 in regular trading on November 3, 2026.
  • The prior close of about USD 0.7380 implies a loss of USD 0.0974 (calculated).
  • A company release dated October 16, 2026 set delivery of 16 servers holding 128 Blackwell B300 GPUs for the week of November 3, 2026.
  • The GPU project was described as an Acquisition valued at about USD 11 million.
  • A 1-for-10 reverse split is scheduled for November 13, 2026, per a filing summary.

Why Sangrix Slipped on Tuesday (down USD 0.0974, 13.20%)

Sangrix (NASDAQ:SGRX) was down 13.20% to USD 0.6406 in regular trading on November 3, 2026, compared with a Monday close of about USD 0.7380 (calculated). The Market Capitalisation shown on the screen was about USD 2.28 million.

No company announcement dated November 2 or November 3, 2026 was identified. The shares closed at USD 0.7335 on October 30, 2026 and slid in pre-market trading on November 2, so the latest drop appears to be a continuation of the retreat after the sharp run that followed the October 16 delivery update.

The GPU Delivery in Detail

According to a company press release dated October 16, 2026, 16 servers containing 128 Blackwell B300 GPUs are expected to arrive in Malaysia during the week of November 3, 2026, replacing an earlier third quarter 2026 expectation. The company said inspection, racking and testing should take about one more week, which points to the period of November 10 to 16, 2026.

The equipment is meant for a Data Center under hosting arrangements signed earlier. The company cautioned that timing depends on the manufacturer's logistics schedule, and it has not provided Revenue guidance tied to the hardware.

Business Background and Recent Updates

Sangrix, formerly Bit Origin, is a Singapore based company moving from digital asset activity toward AI computing infrastructure. Its ticker changed from BTOG to SGRX on September 4, 2026, and it unveiled a new website and logo on September 15, 2026.

Its Annual Report filed September 18, 2026 reported a net loss of USD 8.6 million, and a related amendment acknowledged accounting errors without changing that loss. On September 9, 2026 the company said it sold 3 million Dogecoin for about USD 267,665 in gross proceeds to support Working Capital and AI infrastructure.

Balance Sheet and Listing Risks

The company carried out a 1-for-60 reverse split on January 20, 2026 and a 1-for-5 reverse split on August 21, 2026. Filings dated October 23 and October 26, 2026 proposed a further reverse split to address Nasdaq's USD 1.00 minimum bid price rule, and a summary lists a 1-for-10 ratio effective November 13, 2026.

A filing dated October 30, 2026 said noteholders converted Debt into shares at USD 1.63 per share, above the current price, though the share count was not stated. With roughly 3.6 million shares outstanding before conversions, the stock is a Penny Stock with a tiny float, so volatility, thin Liquidity and dilution risk are all elevated.

What to Watch Next

The first marker is whether the 16 servers actually arrive during the week of November 3, 2026 and clear testing about a week later. The reverse split on November 13, 2026 will mechanically change the quoted price and share count.

Other items include further note conversions or Equity raises, any customer contract or revenue disclosure tied to the hosting arrangements, and any Nasdaq correspondence about listing compliance.