Key Highlights

  • Shares slid 12.51% to USD 0.6615 in pre-market trading on November 4, 2026.
  • The implied Tuesday close was about USD 0.7561 (calculated), which makes the decline 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 worth about USD 11 million.
  • The Annual Report filed September 18, 2026 showed a net loss of USD 8.6 million.

What Drove the Sangrix Pre-Market Drop (down USD 0.0946, 12.51%)

Sangrix (NASDAQ:SGRX) slipped 12.51% to USD 0.6615 in pre-market trading on November 4, 2026, compared with the Tuesday, November 3, 2026 close. Working back from the screen figures, that close works out to about USD 0.7561 (calculated).

No company announcement dated November 2, 3 or 4, 2026 was found. The more probable backdrop is a pullback after the sharp rally that followed the October 16 delivery update, together with an extremely thin float and an approaching reverse split. This is an inference, not a confirmed cause.

Details of the GPU Delivery

A company press release dated October 16, 2026 said 16 servers containing 128 Blackwell B300 GPUs were expected in Malaysia during the week of November 3, 2026, replacing an earlier third quarter 2026 timeline. The company stated that inspection, racking and testing would take roughly one more week, pointing to a window of November 10 to 16, 2026.

The hardware is meant for a Data Center under hosting arrangements signed earlier, and the project was described as an acquisition worth about USD 11 million. The company warned that timing depends on the manufacturer's logistics schedule. No Revenue guidance tied to the hardware has been provided, and no arrival confirmation had been found as of the morning of November 4, 2026.

Background and Recent Updates

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

Its annual report, filed September 18, 2026, recorded a net loss of USD 8.6 million, and a related amendment acknowledged accounting errors without altering that figure. On September 9, 2026 the company said it sold 3 million Dogecoin for about USD 267,665 in gross proceeds to fund Working Capital and AI infrastructure spending.

Balance Sheet and Listing Risks

The company completed 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 another 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 stated that noteholders converted Debt into shares at USD 1.63 per share, well above the current price, although the share count was not disclosed. 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 pass testing roughly 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 will 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 on listing compliance.