Key Highlights

  • Shares were down 12.51% to USD 0.6615 in pre-market trading on November 4, 2026.
  • The implied Tuesday close was about USD 0.7561 (calculated), so the drop equals USD 0.0946.
  • 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.
  • The Annual Report filed September 18, 2026 showed a net loss of USD 8.6 million.

What Moved Sangrix Before the Open (down USD 0.0946, 12.51%)

Sangrix (NASDAQ:SGRX) was down 12.51% to USD 0.6615 in pre-market trading on November 4, 2026, measured against the Tuesday November 3, 2026 close. Working backward from the screen figures, that close was about USD 0.7561 (calculated).

No company announcement dated November 2, 3 or 4, 2026 was identified. The more likely backdrop is a retreat after the sharp run that followed the October 16 delivery update, combined with an extremely small float and an approaching reverse split. That reading is an inference, not a confirmed cause.

The GPU Delivery in Detail

According to a company press release dated October 16, 2026, 16 servers containing 128 Blackwell B300 GPUs were 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, pointing to a window of November 10 to 16, 2026.

The equipment is intended for a Data Center under hosting arrangements signed earlier, and the project was described as an acquisition valued at about USD 11 million. The company cautioned that timing depends on the manufacturer's logistics schedule. It has not provided Revenue guidance tied to the hardware, and no arrival confirmation was identified as of the morning of November 4, 2026.

Business Background and Recent Updates

Sangrix, formerly Bit Origin, is a Singapore based company shifting 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 figure. 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 spending.

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 filing 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, well above the current price, though the share count was not stated. With roughly 3.6 million shares outstanding before those 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 arrive during the week of November 3, 2026 and clear testing about a week later. The reverse split planned for November 13, 2026 will mechanically change the quoted price and share count, so comparisons across that date need adjustment.

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.