Intchains Group Limited Reports First Half 2026 Financial Results
Rhea-AI Summary
Intchains Group (Nasdaq: ICG) reported unaudited H1 2026 revenue of RMB11.1 million, down 93.7% from H1 2025, reflecting weak altcoin demand and PRC mining-machine sales restrictions. Cost of revenue was RMB22.1 million, resulting in negative gross margins driven by inventory impairments and lower selling prices.
Total operating expenses fell 35.2% year over year to RMB42.0 million, led by a 46.3% decline in R&D and a 58.7% decline in sales and marketing. Loss from operations was RMB53.0 million versus operating income of RMB20.8 million a year earlier. Net loss reached RMB148.9 million, with basic and diluted loss per share of RMB1.22.
Change in fair value of cryptocurrencies produced a RMB89.5 million loss, mainly from lower ETH prices, partly offset by RMB4.7 million in other income from disposal of non-core intangibles to a related party and ETH staking. Non-GAAP adjusted net loss was RMB143.3 million. Cash, cash equivalents and short-term investments totaled RMB461.1 million at June 30, 2026.
Operationally, Intchains completed tape-out of its new next-generation mining ASIC in July, targeting commercial launch in Q4 2026 and expecting modest H2 2026 revenue contribution. The company executed headcount optimization actions expected to reduce annual labor costs by RMB23.1 million and announced a share repurchase program of up to US$15 million in ADSs over two years starting August 21, 2026.
Positive
- H1 2026 total operating expenses reduced 35.2% year over year to RMB42.0 million
- Research and development expenses down 46.3% to RMB22.4 million in H1 2026
- Sales and marketing expenses down 58.7% to RMB1.8 million in H1 2026
- Headcount optimization actions expected to cut annual labor costs by RMB23.1 million
- Cash, cash equivalents and short-term investments at June 30, 2026 totaled RMB461.1 million
- Completion of tape-out for new next-generation mining ASIC in July 2026
- Board authorized up to US$15 million ADS share repurchase over August 2026–August 2028
- Other income rose to RMB4.7 million, helped by disposal of non-core intangibles and ETH staking income
Negative
- H1 2026 revenue fell 93.7% year over year to RMB11.1 million
- Cost of revenue RMB22.1 million exceeded revenue, leading to negative gross margins in H1 2026
- Loss from operations RMB53.0 million in H1 2026 versus RMB20.8 million operating income in H1 2025
- Net loss RMB148.9 million in H1 2026 versus RMB4.3 million net income a year earlier
- Non-GAAP adjusted net loss RMB143.3 million versus RMB8.4 million non-GAAP income in H1 2025
- Change in fair value of cryptocurrencies generated RMB89.5 million loss in H1 2026
- Interest income decreased to RMB3.6 million from RMB6.2 million year over year
News Explained
The ASIC has reached tape-out, while the $15 million buyback remains optional and potential AI acquisitions have no identified targets or agreements.
Intchains completed tape-out of its next-generation mining ASIC in July; manufacturing, sample production and validation remain ahead of a targeted
That makes the
The company may also use Rule 10b5-1 plans, which are written trading plans adopted in advance to execute trades on a schedule or formula; the release describes that as a possible repurchase tool.
Potential AI acquisitions remain in their early stages, with no targets identified and no plans to enter agreements disclosed. The next ASIC checkpoints are engineering sample production, laboratory validation and performance, reliability and thermal testing before any production ramp; the company expects to provide more specific AI plans next year.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 26 | Q4/FY earnings | Negative | -6.0% | Revenue decline and substantial quarterly net loss accompanied full-year financial results. |
| Nov 13 | Q3 earnings | Positive | +4.0% | Quarterly net income and cryptocurrency fair-value gains offset declining revenue. |
| Aug 14 | H1 earnings | Negative | -10.6% | H1 revenue growth contrasted with lower net income and continued mining product investment. |
| May 22 | Q1 earnings | Positive | -19.7% | Strong revenue and operating income accompanied cryptocurrency-related net loss pressure. |
| Feb 27 | Q4/FY earnings | Positive | +3.1% | Revenue, net income, and ASIC chip sales volume increased year over year. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings events showed 3 aligned and 2 divergent reactions, with an average move of -5.83%.
Key Terms
tape-out technical
asic technical
proof-of-work technical
rule 10b-18 regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Completes Tape-Out of New Next-Generation Mining ASIC in July; Commercial Launch on Track for Q4 2026
- H2 2026 Strategy Focused on New ASIC Commercialization, Continued Cost Discipline, and Evaluation of AI-Focused ecosystem expansion opportunities
- Announces
$15 Million Share Repurchase Program
SINGAPORE, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), an integrated infrastructure provider of efficient altcoin mining and staking, today announced its unaudited financial results for the first six months of 2026 ended June 30, 2026 (“H1 2026”).
Results for the period reflected continued cyclical softness in altcoin demand, compounded by the PRC’s mining-machine sales restrictions announced in February 2026. Revenue was RMB11.1 million and total operating expenses were RMB42.0 million, with basic and diluted net loss per ordinary share of RMB1.22. The Company ended the period with RMB461.1 million in cash and cash equivalents and short-term investments, a balance sheet that the Company believes will allow the Company to fund its next-generation chip program entirely from internal resources.
Mr. Qiang Ding, Chairman and CEO, commented, “We entered this cycle with a deliberate choice; keep funding our next-generation mining ASIC development through a weaker demand environment, so that we would be ready with new products when the market turns. That decision is now paying off. In July, we completed the tape-out of our new next-generation mining ASIC project, a major technical milestone that keeps commercial launch on track for Q4 2026. With the most capital- and R&D-intensive phase of chip development behind us, we have moved into validation and are preparing for full commercialization. At the same time, disciplined expense management, headcount optimization, and a broader rollout of our AI-enabled operating model drove a meaningful reduction in total operating expenses, including an estimated RMB23.1 million reduction in annual labor costs based on headcount optimization actions completed as of June 30, 2026.”
Mr. Ding continued, “While we expect conditions to remain challenging through the second half of the year, we believe we are moving quickly to capture the opportunities ahead. We expect that our new mining ASIC will begin contributing modest revenue in H2 2026, building to a far more meaningful impact in fiscal 2027 as commercialization accelerates. Longer term, we believe that this platform further strengthens Intchains’ position as a leading and active supplier of purpose-built mining ASIC systems, driving superior operational efficiency for our customers and advancing a more sustainable proof-of-work infrastructure. It is a core part of our strategy to build a more resilient, diversified revenue base. Beyond this new project, we are evaluating new initiatives in AI, including potential acquisitions, as a mid- to long-term path to growth and further diversification. That work is in its early stages, and we expect to share more specific plans as we move into next year.”
H2 2026 STRATEGY
Commercialize the New Mining ASIC
- In July, Intchains completed tape-out of its new mining ASIC, moving the project from design completion into manufacturing. Next steps are engineering sample production and laboratory validation, performance, reliability and thermal testing against internal benchmarks. Subject to successful validation, the Company expects to begin production ramp and system-level integration ahead of a commercial launch targeted for Q4 2026.
- The ASIC is architected for the economics of proof-of-work algorithm, with an explicit focus on performance per watt to improve unit economics and return on invested capital for miners. Upon the new ASIC mining project’s commercial launch through Goldshell miner series, the Company expects the product family to broaden its addressable market across retail and professional miners and unlock new revenue streams through future system and service offerings. Intchains anticipates modest revenue contribution in H2 2026, scaling to a more meaningful contribution in FY 2027 with full-scale commercialization.
Extend Cost Optimization
- Cost discipline remains a priority through year-end. As a result, as of June 30, 2026, the headcount optimization actions completed by the Company represented an estimated RMB23.1 million reduction in annual labor costs on a full-year basis, driven primarily by organizational restructuring, the divestiture of a non-core chip related business, as well as expanded adoption of AI-enabled tools across overall business operations.
Evaluate AI-Adjacent Growth and M&A
- Intchains plans to invest selectively in new infrastructure opportunities to diversify its revenue base, and is evaluating potential acquisitions that would extend the Company’s core competencies in custom ASIC design and hardware systems integration into AI-enabled computing applications. This strategy is designed to reduce reliance on cryptocurrency market cycles while positioning the Company in higher-value computing markets adjacent to its existing hardware expertise. This exploration is in early stages. The Company has yet to identify any targets or plans to enter into any agreements, and the Company expects to share more details as plans develop.
Maintain a Prudent ETH Treasury and Staking Position, with Expanded Staking Support for Solana
- As of June 30, 2026, the fair value of the Company’s cryptocurrency assets excluding stablecoins such as USDT and USDC was RMB98.9 million (US
$14.6 million ), including approximately 9,176 ETH-based cryptocurrencies valued at RMB98.1 million. - As of August 20, 2026, the Company’s total units of ETH used in staking were 4,556, of which 3,556 ETH were deposited through the Goldshell Staking platform pending validator activation, while 1,000 ETH was staked on the FalconX platform.
- Intchains expects to maintain its existing treasury holdings and continue generating staking yield, while not anticipating material additional accumulation as it prioritizes capital allocation toward next-generation ASIC development and commercialization and exploration of new AI initiatives.
SHARE REPURCHASE PROGRAM
The Company’s Board of Directors has approved a share repurchase program, pursuant to which the Company may repurchase up to
Repurchases under the program may be made from time to time through open market transactions or other means permitted by applicable securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing and amount of any repurchases will be determined by the Company based on market conditions, regulatory requirements, alternative investment opportunities, and other factors. The Company currently expects to fund the Share Repurchase Program from its existing cash balance and other available liquid resources.
The Company believes this Share Repurchase Program underscores the management team’s confidence in Intchains’ long term strategic direction, and the commitment to creating sustainable value for all shareholders. It also aligns directly with our overall strategy of disciplined capital deployment, where we balance returning capital to shareholders with continued investments in advancing new initiatives.
The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate share repurchases under this authorization. The Company is not obligated to repurchase any specific number of shares, and the program may be modified, suspended, or discontinued at any time without prior notice.
CONFERENCE CALL INFORMATION
The Company will host a conference call to discuss these financial results at 8:00 pm U.S. Eastern Time on Thursday, August 20, 2026 (8:00 am Beijing Time on Friday, August 21, 2026).
Participant Dial-in Numbers:
| U.S. & International (Toll) | +1 646-307-1963 |
| China (Toll-Free) | +86 400-030-0308 |
| Hong Kong (Toll-Free) | +852 800-960-994 |
| Singapore | +65 3159-1234 |
Webcast:
A simultaneous audio webcast may be accessed via the following link: https://edge.media-server.com/mmc/p/uijxgfr2/, or via the investor relations section of the Company’s website https://ir.intchains.com/. For those unable to listen to the live webcast, the replay will be available on the Company’s website shortly after the conclusion of the call.
H1 2026 FINANCIAL RESULTS
Revenue
Revenue was RMB11.1 million (US
Cost of Revenue
Cost of revenue was RMB22.1 million (US
Operating Expenses
Total operating expenses were RMB42.0 million (US
- Research and development expenses decreased by
46.3% to RMB22.4 million (US$3.3 million ) for H1 2026 from RMB41.6 million for the same period of 2025, primarily due to lower photomask and IP-related expenses associated with the timing of product development activities, as well as lower personnel expenses following the Company’s headcount optimization initiatives. - Sales and marketing expenses decreased by
58.7% to RMB1.8 million (US$0.3 million ) for H1 2026 from RMB4.3 million for the same period of 2025, primarily driven by reduced headcount and scaled back marketing activities. - General and administrative expenses decreased by
5.8% to RMB17.9 million (US$2.6 million ) for H1 2026 from RMB19.0 million for the same period of 2025.
Loss from operations
Loss from operations was RMB53.0 million (US
Interest Income
Interest income decreased to RMB3.6 million (US
Change in fair value of cryptocurrencies
Change in fair value of cryptocurrencies resulted in a loss of RMB89.5 million (US
Other Income, Net
Other income, net was RMB4.7 million (US
Net Income/(Loss)
As a result of the foregoing, we recorded net loss of RMB148.9 million (US
Basic and Diluted Net Income/(Loss) Per Ordinary Share
Basic and diluted net loss per ordinary share both were RMB1.22 (US
Non-GAAP Adjusted Net Income/(Loss)
Non-GAAP adjusted net loss was RMB143.3 million (US
Non-GAAP Basic and Diluted Net Income/(Loss) Per Ordinary Share
Non-GAAP adjusted basic and diluted net loss per ordinary share was RMB1.18 (US
Cash position
As of June 30, 2026, the Company had cash and cash equivalents and short-term investments, in an aggregate amount of RMB461.1 million (US
About Intchains Group Limited
Intchains Group Limited focuses on the development of altcoin mining products, the strategic acquisition, holding, and staking of Ethereum-based cryptocurrencies, and the delivery of Web3 infrastructure services through the operation of a Proof-of-Stake cryptocurrency staking platform. For more information, please visit the Company’s website at: https://intchains.com/.
Exchange Rate Information
The unaudited United States dollar (“US$”) amounts disclosed in the accompanying unaudited financial statements are presented solely for the convenience of the readers. Translations of amounts from RMB into US$ for the convenience of the reader were calculated at the noon buying rate of US
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Forward-looking statements include, but are not limited to, statements about: (i) our goals and strategies; (ii) our future business development, financial condition and results of operations, including our plan for commercializing the new mining ASIC, performing extended cost optimization, evaluating AI-adjacent growth and M&A and investing strategies regarding our cryptocurrency assets; (iii) expected changes in our revenue, costs or expenditures; (iv) growth of and competition trends in our industry; (v) our expectations regarding demand for, and market acceptance of, our products; (vi) general economic and business conditions in the markets in which we operate; (vii) relevant government policies and regulations relating to our business and industry; (viii) fluctuations in the market price of ETH-based cryptocurrencies; gains or losses from the sale of ETH-based cryptocurrencies; changes in accounting treatment for the Company’s ETH-based cryptocurrencies holdings; a decrease in liquidity in the markets in which ETH-based cryptocurrencies are traded; security breaches, cyberattacks, unauthorized access, loss of private keys, fraud, or other events leading to the loss of the Company’s ETH-based cryptocurrencies; impacts to the price and rate of adoption of ETH-based cryptocurrencies associated with financial difficulties and bankruptcies of various participants in the industry; (ix) ADS repurchases under the share repurchase program and the adoption of Rule 10b5-1 plans and (x) assumptions underlying or related to any of the foregoing. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, including its annual report on Form 20-F for the fiscal year ended December 31, 2025 filed with the SEC on April 13, 2026.
Use of Non-GAAP Financial Measures
In evaluating the Company’s business, the Company uses non-GAAP financial measures, such as adjusted net income (loss) and adjusted basic and diluted net income (loss) per ordinary share, as supplemental measures to review and assess its operating performance. The Company defines adjusted net income (loss) as net income (loss) excluding share-based compensation expenses, and adjusted basic and diluted net income (loss) per ordinary share as adjusted net income (loss) divided by the applicable weighted average number of ordinary shares outstanding during the period. The Company believes that these non-GAAP financial measures provide useful information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools and investors should not consider them in isolation, or as a substitute for net income (loss), basic and diluted net income (loss) per ordinary share, or other financial measures prepared in accordance with U.S. GAAP. One of the key limitations of these non-GAAP financial measures is that they do not reflect all items of income and expense that affect the Company’s operations. Share-based compensation expenses have been and may continue to be incurred in the Company’s business and are not reflected in the non-GAAP financial measures. Further, the non-GAAP financial measures may differ from similarly titled non-GAAP measures used by other companies, including peer companies, and therefore their comparability may be limited. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP measures, all of which should be considered when evaluating the Company’s performance.
For investor and media inquiries, please contact:
Intchains Group Limited
Investor relations
Email: ir@intchains.com
The Equity Group
Lena Cati, Senior Vice President
212-836-9611 / lena.cati@theequitygroup.com
Alice Zhang, Associate
212-836-9610 / alice.zhang@theequitygroup.com
| INTCHAINS GROUP LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except share and per share data, or as otherwise noted) | ||||||||||||
| As of December 31, | As of June 30 | |||||||||||
| 2025 | 2026 | |||||||||||
| RMB | RMB | US$ | ||||||||||
| ASSETS | ||||||||||||
| Current Assets: | ||||||||||||
| Cash and cash equivalents | 221,661 | 306,709 | 45,203 | |||||||||
| USDC | 665 | 89 | 13 | |||||||||
| Cryptocurrency, current | 6,035 | 2,357 | 348 | |||||||||
| Inventories, net | 52,151 | 33,823 | 4,985 | |||||||||
| Prepayments and other current assets, net (including due from related party in the amount of nil and RMB7 as of December 31, 2025 and June 30, 2026, respectively) | 55,063 | 53,568 | 7,895 | |||||||||
| Short-term investments | 267,531 | 154,409 | 22,757 | |||||||||
| Total current assets | 603,106 | 550,955 | 81,201 | |||||||||
| Non-current Assets: | ||||||||||||
| Cryptocurrencies, non-current | 187,607 | 98,859 | 14,570 | |||||||||
| Long-term investments | 386 | - | - | |||||||||
| Property, equipment, and software, net | 141,581 | 138,722 | 20,445 | |||||||||
| Intangible assets, net | 11,975 | 10,734 | 1,582 | |||||||||
| Right-of-use assets | 1,100 | 91 | 13 | |||||||||
| Deferred tax assets, net | 65,796 | 55,213 | 8,137 | |||||||||
| Other non-current assets | 8,347 | 8,347 | 1,230 | |||||||||
| Total non-current assets | 416,792 | 311,966 | 45,977 | |||||||||
| Total assets | 1,019,898 | 862,921 | 127,178 | |||||||||
| LIABILITIES, AND SHAREHOLDERS’ EQUITY | ||||||||||||
| Current Liabilities: | ||||||||||||
| Accounts payable | 3,025 | 204 | 30 | |||||||||
| Contract liabilities | 16,462 | 16,122 | 2,376 | |||||||||
| Income tax payable | 39 | - | - | |||||||||
| Lease liabilities, current | 542 | 91 | 13 | |||||||||
| Provision for warranty | 380 | 2 | - | |||||||||
| Accrued liabilities and other current liabilities | 22,340 | 17,541 | 2,585 | |||||||||
| Total current liabilities | 42,788 | 33,960 | 5,004 | |||||||||
| Non-current Liabilities: | ||||||||||||
| Lease liabilities, non-current | 558 | - | - | |||||||||
| Total non-current liabilities | 558 | - | - | |||||||||
| Total liabilities | 43,346 | 33,960 | 5,004 | |||||||||
| Shareholders’ Equity: | ||||||||||||
| Ordinary shares (US | 1 | 1 | - | |||||||||
| Subscriptions receivable from shareholders | (1 | ) | (1 | ) | - | |||||||
| Additional paid-in capital | 211,276 | 216,867 | 31,962 | |||||||||
| Statutory reserves | 51,968 | 51,968 | 7,659 | |||||||||
| Accumulated other comprehensive loss | (1,246 | ) | (5,514 | ) | (813 | ) | ||||||
| Retained earnings | 714,554 | 565,640 | 83,366 | |||||||||
| Total shareholders’ equity | 976,552 | 828,961 | 122,174 | |||||||||
| Total liabilities and shareholders’ equity | 1,019,898 | 862,921 | 127,178 | |||||||||
| INTCHAINS GROUP LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) (All amounts in thousands, except share and per share data, or as otherwise noted) | ||||||||||||
| For the Six Months ended June 30, | ||||||||||||
| 2025 | 2026 | |||||||||||
| RMB | RMB | US$ | ||||||||||
| Products revenue – third parties | 175,588 | 279 | 41 | |||||||||
| Products revenue – related party | - | 10,852 | 1,599 | |||||||||
| Total revenue | 175,588 | 11,131 | 1,640 | |||||||||
| Cost of revenue | (89,952 | ) | (22,067 | ) | (3,252 | ) | ||||||
| Gross profit/(loss) | 85,636 | (10,936 | ) | (1,612 | ) | |||||||
| Operating expenses: | ||||||||||||
| Research and development expenses | (41,592 | ) | (22,355 | ) | (3,294 | ) | ||||||
| Sales and marketing expenses | (4,267 | ) | (1,762 | ) | (260 | ) | ||||||
| General and administrative expenses | (19,017 | ) | (17,922 | ) | (2,641 | ) | ||||||
| Total operating expenses | (64,876 | ) | (42,039 | ) | (6,195 | ) | ||||||
| Income/(Loss) from operations | 20,760 | (52,975 | ) | (7,807 | ) | |||||||
| Interest income | 6,234 | 3,631 | 535 | |||||||||
| Foreign exchange loss, net | (542 | ) | (4,182 | ) | (616 | ) | ||||||
| Change in fair value of cryptocurrencies | (27,966 | ) | (89,487 | ) | (13,189 | ) | ||||||
| Other income, net – third parties | 368 | 1,847 | 273 | |||||||||
| Other income – related party | - | 2,830 | 417 | |||||||||
| Loss before income tax expenses | (1,146 | ) | (138,336 | ) | (20,387 | ) | ||||||
| Income tax (expense)/benefit | 5,401 | (10,578 | ) | (1,559 | ) | |||||||
| Net income/(loss) | 4,255 | (148,914 | ) | (21,946 | ) | |||||||
| Foreign currency translation adjustment, net of nil tax | (857 | ) | (4,268 | ) | (629 | ) | ||||||
| Total comprehensive income /(loss) | 3,398 | (153,182 | ) | (22,575 | ) | |||||||
| Weighted average number of shares used in per share calculation | ||||||||||||
| — Basic | 120,480,088 | 121,847,288 | 121,847,288 | |||||||||
| — Diluted | 120,555,532 | 121,847,288 | 121,847,288 | |||||||||
| Net income/(loss) per share | ||||||||||||
| — Basic | 0.04 | (1.22 | ) | (0.18 | ) | |||||||
| — Diluted | 0.04 | (1.22 | ) | (0.18 | ) | |||||||
| INTCHAINS GROUP LIMITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, except per share data) | ||||||||||||
| For the Six months ended June 30, | ||||||||||||
| 2025 | 2026 | |||||||||||
| RMB | RMB | US$ | ||||||||||
| Income/(Loss) from operations | 20,760 | (52,975 | ) | (7,807 | ) | |||||||
| Add: | ||||||||||||
| Share-based compensation expense | 4,183 | 5,591 | 824 | |||||||||
| Non-GAAP adjusted operating income/(loss) | 24,943 | (47,384 | ) | (6,983 | ) | |||||||
| Net income/ (loss) | 4,255 | (148,914 | ) | (21,946 | ) | |||||||
| Add: | ||||||||||||
| Share-based compensation expense | 4,183 | 5,591 | 824 | |||||||||
| Non-GAAP adjusted net income/(loss) | 8,438 | (143,323 | ) | (21,122 | ) | |||||||
| Non-GAAP adjusted net income/(loss) per share | ||||||||||||
| — Basic | 0.07 | (1.18 | ) | (0.17 | ) | |||||||
| — Diluted | 0.07 | (1.18 | ) | (0.17 | ) | |||||||
| INTCHAINS GROUP LIMITED UNAUDITED CRYPTOCURRENCY-ADDITIONAL INFORMATION | ||||||||||||||||||||||
| As of | Cryptocurrency | Approximate Number of Cryptocurrency Held | Approximate Average Cost Per Unit of Cryptocurrency | Original Cost Basis | Market Price Per Unit of Cryptocurrency(a) | Market Value of Cryptocurrency (b) | ||||||||||||||||
| Unit | USD | USD | USD | USD | ||||||||||||||||||
| ETH | 9,176 | 2,564 | 23,524,995 | 1,569 | 14,401,931 | |||||||||||||||||
| June 30, 2026 | Bitcoin | 1.72 | 100,500 | 172,798 | 58,562 | 100,690 | ||||||||||||||||
| USDT&USDC | 359,309 | 1 | 359,731 | 1 | 359,297 | |||||||||||||||||
| Others* | Multiple * | Multiple * | 63,288 | Multiple * | 12,215 | |||||||||||||||||
| Total | 24,120,812 | 14,874,133 | ||||||||||||||||||||
| ETH | 8,150 | 2,604 | 21,226,137 | 2,982 | 24,303,300 | |||||||||||||||||
| ETH-Coinbase Staked | 676 | 2,892 | 1,954,713 | 3,332 | 2,252,432 | |||||||||||||||||
| December 31, 2025 | Bitcoin | 1.44 | 103,810 | 149,486 | 87,584 | 126,121 | ||||||||||||||||
| USDT&USDC | 953,186 | 1 | 953,201 | 1 | 953,186 | |||||||||||||||||
| Others* | Multiple * | Multiple * | 64,736 | Multiple * | 12,783 | |||||||||||||||||
| Total | 24,348,273 | 27,647,822 | ||||||||||||||||||||
* The “Others” category includes various cryptocurrencies that are not presented separately due to their immateriality. “Multiple” indicates that the category includes different types of cryptocurrencies with different per-unit prices. Accordingly, individual unit prices are not presented.
(a) The “Market Price Per Unit of Cryptocurrency” represents the market price of a single unit of cryptocurrency on the Coinbase exchange at the Company’s period-end cut-off time of midnight (UTC+8) on the applicable reporting date, consistent with the Company’s revenue recognition cut-off.
(b) The “Market Value of Cryptocurrency” represents the market price per unit described in note (a) multiplied by the number of units of cryptocurrency held by the Company as of the applicable reporting date.
