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Intchains Group Limited American Depositary Shares - $ICG STOCK NEWS

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Rhea-AI Summary
Intchains Group (ICG) filed its annual report for the fiscal year 2023, highlighting its high-performance computing ASIC chip products for blockchain applications. Shareholders can access the report online or request a hard copy for free.
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-5.12%
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Rhea-AI Summary
Intchains Group Limited (ICG) completes acquisition of assets from GOLDSHELL PTE. LTD., enhancing its presence in the WEB3 industry. The transaction includes intellectual property, trademarks, websites, and applications for a purchase price of US$550,000.
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-15.54%
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Rhea-AI Summary
Intchains Group Limited (ICG) announced its unaudited financial results for Q4 and full year 2023, with a decrease in ASIC chip sales volume but an increase in revenue. Despite challenges, the company remains optimistic about the future, focusing on innovation and growth opportunities.
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-15.54%
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Rhea-AI Summary
Intchains Group Limited (ICG) will release its unaudited financial results for Q4 and full year of 2023 on February 28, 2024. The earnings conference call will be held at 8:00 P.M. U.S. Eastern Time on the same day.
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Rhea-AI Summary
Intchains Group Limited (Nasdaq: ICG) has entered into an asset acquisition agreement with GOLDSHELL PTE. LTD. to purchase certain assets used in the Seller’s operation of its Goldshell WEB3 infrastructure brand for US$550,000 in cash. The acquisition is expected to be completed by the end of the first quarter of 2024. The Chairman of the Board of Directors and CEO of Intchains, Mr. Qiang Ding, expressed excitement about the acquisition, stating that it will enable the company to enter the downstream production and sales sector across mining equipment and other WEB3 infrastructure-related hardware and software products with an effective multi-brand strategy.
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-1.97%
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Rhea-AI Summary
Intchains Group Limited (Nasdaq: ICG) announced unaudited financial results for Q3 2023, revealing a decrease in sales volume and revenue due to challenging conditions in the blockchain market. The company also discussed plans for technological breakthroughs and market recovery, including a non-binding letter of intent for an acquisition. The third quarter financial results showed a net loss of RMB19.1 million, compared to a net income of RMB96.6 million for the same period in 2022.
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Intchains Group Limited (Nasdaq: ICG) will release its unaudited financial results for the third quarter of 2023 on November 16, 2023. The company will host an earnings conference call on the same day to discuss the results. Participants must register online to receive the dial-in numbers and access PIN. A live and archived webcast of the conference call will be available on the company's website.
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End-of-Day
-7.89%
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Rhea-AI Summary
Intchains Group Limited (Nasdaq: ICG) announced its unaudited financial results for Q2 2023. Sales volume of ASIC chips decreased by 65.3% compared to the same period in 2022. Revenue was RMB13.9 million, a decrease of 91.3% from the previous year. Net loss was RMB20.5 million, compared to a net income of RMB117.6 million in Q2 2022.
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-1.32%
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7.2%
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conferences earnings
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Rhea-AI Sentiment
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-6.3%
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Intchains Group Limited American Depositary Shares

Nasdaq:ICG

ICG Rankings

ICG Stock Data

481.99M
23.13M
Semiconductor and Related Device Manufacturing
Manufacturing
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United States of America
Pudong