Intchains Group Ltd
NASDAQ:ICG
Intchains Group Ltd
Intchains Group Ltd. operates as an ASIC chip design company. The company is headquartered in Shanghai, Shanghai and currently employs 101 full-time employees. The company went IPO on 2023-03-16. The firm has built a proprietary technology platform named Xihe Platform, which allows to develop ASIC chips.
Intchains Group Ltd. operates as an ASIC chip design company. The company is headquartered in Shanghai, Shanghai and currently employs 101 full-time employees. The company went IPO on 2023-03-16. The firm has built a proprietary technology platform named Xihe Platform, which allows to develop ASIC chips.
Revenue Drop: Q3 2025 revenue fell to RMB 9.1 million due to lower mining machine sales after the ALEO project peaked earlier in the year.
Operating Loss: The company reported an operating loss of RMB 41.8 million for Q3 2025, attributed to softer demand.
Year-to-Date Results: For the first 9 months of 2025, revenue declined 11% to RMB 184.7 million ($25.9 million) compared to the same period last year.
ETH Holdings & Gains: Net income for the first 9 months reached RMB 78.7 million ($11 million), boosted by a RMB 79.3 million ($11 million) gain in the fair value of ETH holdings.
New Product Launches: Several new mining machines were launched in 2025, with the XTM miner expected to meaningfully contribute in Q4 and the Dogecoin miner set to launch in H1 2026.
Staking Platform Acquisition: Announced the pending acquisition of a proof-of-stake platform to expand staking offerings for ETH and other blockchains.
R&D Spend: R&D investment for the year is about $9 million; Q4 R&D expense is expected to decrease.
