Intchains Group Ltd Stock Price, News & Analysis

Intchains Group (Nasdaq: ICG), a provider of integrated solutions for altcoin mining and ETH-based cryptocurrency holdings, has scheduled the release of its unaudited financial results for Q4 and full year 2024 (period ended December 31, 2024). The company will host an earnings conference call on February 27, 2025, at 8:00 PM U.S. Eastern Time (9:00 AM Beijing Time on February 28, 2025).

The company, which focuses on Web3 industry development initiatives and Web3-based applications development, will provide a live and archived webcast of the conference call on their website. Participants must register in advance through the provided link to receive dial-in numbers and a personal access PIN for the conference call.

Intchains Group (Nasdaq: ICG), an innovative altcoins development company, has announced its participation in the upcoming 'Digital Assets 2025: To Bitcoin and Beyond' virtual conference, presented by Maxim Group on February 12th, 2025, at 9:30 a.m. EST.

Company CFO Charles Yan will participate in discussions with Maxim Group Research Analyst Matthew Galinko, who will lead conversations with various companies in the digital asset ecosystem. The conference will explore industry evolution, regulatory changes, and future prospects, featuring discussions with bitcoin miners, equipment providers, and companies adopting crypto treasury strategies.

Intchains Group, which focuses on providing integrated mining solutions for altcoins and maintaining ETH-based cryptocurrencies as a long-term asset reserve, is also actively developing Web3-based applications. The conference will be hosted live on M-Vest, requiring membership registration for attendance.

Intchains Group (Nasdaq: ICG), an altcoins development company, has provided updates on its ETH activities and holdings. Between September 30 and November 28, 2024, the company acquired 915.3 ETH for approximately RMB20.7 million (US$2.9 million), at an average price of RMB22,626 (US$3,123) per ETH. As of November 28, 2024, the company's total ETH holdings reached 5,066.6 ETH, acquired at an aggregate purchase price of RMB107.0 million (US$14.8 million), with an average purchase price of RMB21,117 (US$2,914) per ETH.

Intchains Group reported strong Q3 2024 financial results with revenue reaching RMB60.3 million (US$8.6 million), up 781.4% year-over-year. The company achieved a net income of RMB3.2 million, compared to a net loss of RMB19.1 million in Q3 2023. ASIC chip sales volume increased 25.9% to 207,838 units. The company's cryptocurrency assets reached RMB149.5 million, including 4,149 ETH and approximately 9.8 million USDT/USDC. Notable developments include the launch of Goldshell Pay payment solution and plans for a hardware crypto wallet in Q4 2024.

Intchains Group (Nasdaq: ICG), a provider of high-performance computing ASIC chip solutions and Ethereum cryptocurrency holder, has scheduled its Q3 2024 earnings release for November 20, 2024, after U.S. market close. The company will host an earnings conference call at 8:00 P.M. U.S. Eastern Time on November 20, 2024 (9:00 A.M. Beijing Time on November 21, 2024) to discuss financial results for the quarter ended September 30, 2024. Participants must register online to receive dial-in numbers and a personal access PIN. A live and archived webcast will be available on the company's website.

Intchains Group (Nasdaq: ICG) reported strong financial results for Q2 2024:

- Revenue increased 785.1% YoY to RMB123.0 million (US$16.9 million)
- Net income of RMB50.4 million (US$6.9 million), compared to a net loss in Q2 2023
- ASIC chip sales volume decreased 26.2% YoY to 274,019 units
- Cryptocurrency holdings valued at RMB135.7 million (US$18.7 million)

Key highlights:
- Launched new Goldshell-branded computing equipment for cryptocurrency mining
- Expanded overseas, with 71.7% of Q2 revenue from international markets
- Continued focus on technological innovation and cryptocurrency acquisition strategy

Intchains Group (Nasdaq: ICG), a provider of integrated solutions for blockchain applications and a corporate holder of Ethereum-based cryptocurrencies, has announced its plans to release unaudited financial results for the second quarter of 2024. The results will be disclosed after the U.S. market closes on Thursday, August 15, 2024. Following the release, the company will host an earnings conference call at 9:00 P.M. U.S. Eastern Time on the same day (9:00 A.M. Beijing Time on August 16, 2024) to discuss the financial results. Interested participants can register for the call using the provided link and will receive dial-in numbers and a personal access PIN upon registration. A live and archived webcast of the conference call will also be available on the company's website.

Intchains Group (Nasdaq: ICG) reported its unaudited Q1 2024 financial results on May 17, 2024. ASIC chip sales remained stable at approximately 494,235 units. However, revenue decreased by 6.8% year-over-year to RMB24.3 million (US$3.4 million), primarily due to a one-off sale in Q1 2023. Net loss was RMB14.8 million (US$2.1 million), compared to a net income of RMB4.7 million the previous year.

The company saw a significant rise in operating expenses, mainly driven by a 357% increase in R&D costs. As of March 31, 2024, the fair value of their cryptocurrency assets was RMB23.6 million (US$3.3 million). Intchains has initiated a new cryptocurrency acquisition strategy aimed at strengthening its ETH-based asset reserves.

Intchains Group , a provider of high-performance computing ASIC chip products for blockchain applications, will report its unaudited financial results for the first quarter of 2024 on May 16, 2024. The earnings conference call to discuss the results will be held on the same day.