Welcome to our dedicated page for Intchains Group news (Ticker: ICG), a resource for investors and traders seeking the latest updates and insights on Intchains Group stock.
Intchains Group Ltd (ICG) specializes in advanced ASIC chip solutions and integrated hardware/software platforms for blockchain applications. This page serves as the definitive source for official company announcements, providing stakeholders with timely updates on technological advancements and strategic developments.
Access curated press releases and news articles covering ICG's innovations in semiconductor design, including its proprietary Xihe Platform and support for algorithms like Blake2bsha3 and Cryptonight V4. Investors will find updates on product launches, partnerships, and operational milestones critical to evaluating the company's position in blockchain infrastructure.
Content is organized to highlight earnings reports, R&D breakthroughs, and market expansions while maintaining a neutral, investor-focused perspective. Bookmark this page for streamlined access to verified information directly impacting ICG's performance in the semiconductor and blockchain sectors.
Intchains Group (Nasdaq: ICG) has successfully closed its previously announced US$1.0 million registered direct offering on March 27, 2025. The offering included 361,011 American Depositary Shares (ADSs) at US$2.77 per ADS, with each ADS representing two Class A ordinary shares, and warrants to purchase an equal number of ADSs at the same price.
The institutional investor has the option to purchase up to an additional US$1.0 million of ADSs within 60 days. The company plans to use the proceeds primarily for upgrading their altcoin mining machines, with remaining funds allocated to working capital and general corporate purposes.
CEO Qiang Ding highlighted the company's favorable operational results in 2024 and mentioned the launch of their AE BOX series mining machines in February 2025. The Benchmark Company, served as the exclusive placement agent for this offering.
Intchains Group (Nasdaq: ICG) has launched its new product, the Goldshell Byte, on March 27, 2025. This innovative home miner features a dual-slot mining base with hot-swappable mining hash boards, allowing simultaneous mining of two different cryptocurrencies.
The product comes with two companion cards: the AE Card with 4.5 MH/s ±5% hash rate and the DG Card operating at 65 MH/s ±5%. Key features include market-responsive mining through swappable cards, dual mining capability, noise-free home-friendly design, and wireless cloud control via the Goldshell Hub App.
CEO Ding Qiang highlighted that Goldshell Byte enables quick algorithm switching without replacing entire rigs, reducing market volatility exposure while allowing miners to capitalize on early-market opportunities. The company has developed mining rigs for over ten different projects, strengthening its position in the home mining sector.
Intchains Group (Nasdaq: ICG) has launched its new product, the Goldshell Byte, on March 27, 2025. This innovative home miner features a dual-slot mining base with hot-swappable mining hash boards, allowing simultaneous mining of two different cryptocurrencies.
The product comes with two companion cards: the AE Card with 4.5 MH/s ±5% hash rate and the DG Card operating at 65 MH/s ±5%. Key features include market-responsive mining through swappable cards, dual mining capability, noise-free home-friendly design, and wireless cloud control via the Goldshell Hub App.
According to CEO Ding Qiang, this launch strengthens ICG's position in the home mining sector while standardizing their product lineup. The company has previously developed mining rigs for over ten different projects.
Intchains Group (Nasdaq: ICG) has announced a registered direct offering of 361,011 American Depositary Shares (ADSs) at $2.77 per ADS, with each ADS representing two Class A ordinary shares. The company will also issue warrants to purchase up to 361,011 ADSs at the same exercise price, expiring in five years.
The institutional investor receives an additional option to purchase up to $1.0 million of ADSs within 60 days after closing. The offering's gross proceeds are estimated at $1.0 million before fees and expenses, with closing expected around March 27, 2025.
The proceeds will be used for upgrading altcoin mining machine offerings and working capital. The Benchmark Company, serves as the exclusive placement agent for this offering, which is being conducted through a prospectus supplement under the company's effective shelf registration.
Intchains Group (Nasdaq: ICG) has launched its first crypto wallet, the GS Wallet, under its Goldshell brand on February 28, 2025. The wallet features a 3.5-inch true-color touchscreen and fully air-gapped design, completing transactions in 30 seconds.
Key features include:
- Data self-destruct mechanisms for enhanced security
- 9-hour battery life
- Support for over 1,000 crypto assets
- Three-chip security system with dual recovery seed phrases
- Fingerprint unlock in 0.5 seconds
- Zinc alloy body with 1m drop protection
The GS Wallet employs air-gapped technology for secure QR code payments without internet connectivity, eliminating network-related risks. It includes a companion mobile app for real-time account monitoring and is available through Goldshell's official website.
Intchains Group (Nasdaq: ICG) reported strong Q4 2024 financial results, with revenue reaching RMB74.2 million (US$10.2 million), up 109.2% year-over-year. Q4 net income increased 58.2% to RMB12.8 million (US$1.8 million).
For full-year 2024, revenue surged 242.7% to RMB281.8 million (US$38.6 million), with net income of RMB51.5 million compared to a loss in 2023. The company's ASIC chip sales volume grew 303.1% in Q4 to 1,705,408 units.
The company expanded its cryptocurrency holdings to 5,702 ETH-based assets valued at RMB141.2 million. In February 2025, ICG launched the AE BOX series for Aleo mining and introduced the Goldshell Wallet for Web3 payments.
Intchains Group (Nasdaq: ICG) has announced that CFO Charles Yan will be presenting at the 37th Annual ROTH Conference on February 24, 2025. The company, which provides integrated solutions including altcoin mining products, strategic acquisition and holding of ETH-based cryptocurrencies, and development of innovative Web3 applications, will join approximately 450 private and public companies at the event.
The ROTH Conference will feature 1-on-1 and small group meetings, analyst-selected fireside chats, industry keynotes, and panels with executive management from various growth sectors including Business Services, Consumer, Healthcare, Industrial Growth, Insurance, Resources, Sustainability, Technology, Media & Entertainment. Interested parties can submit registration requests through the provided link.
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 (February 28, 2025, 9:00 AM Beijing Time).
The company, which focuses on Web3 industry development initiatives and Web3-based applications, will provide a live and archived webcast of the conference call through their website at intchains.com. Participants must register in advance to receive dial-in numbers and a personal access PIN for the conference call.
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.
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