Group 1 - Intchains Group Limited is engaged in providing altcoin mining products, acquiring and holding Ethereum-based cryptocurrencies, and developing innovative Web3 applications [1][3] - The company will attend The Benchmark Company's Virtual Digital Assets Seminar on May 20, 2025, which aims to foster investor engagement [1][2] - The seminar will feature discussions with public and private digital assets companies, moderated by Benchmark's Fintech & Digital Assets Senior Analyst, Mark Palmer [2] Group 2 - The Benchmark Company is an institutionally focused firm that provides research, sales trading, and investment banking services, founded in 1988 and headquartered in New York City [4]

Core Viewpoint - Intchains Group Limited is set to release its unaudited financial results for the first quarter of 2025, which ended on March 31, 2025, highlighting its ongoing activities in altcoin mining, Ethereum-based cryptocurrency acquisition, and Web3 application development [1]. Group 1 - The earnings conference call will take place on May 22, 2025, at 8:00 PM U.S. Eastern Time, allowing stakeholders to discuss the financial results [2]. - Participants must register in advance using a provided link to receive dial-in numbers and a personal access PIN for the conference call [2]. - A live and archived webcast of the conference call will be available on the Company's investor relations website [3]. Group 2 - Intchains Group Limited focuses on providing altcoin mining products, acquiring and holding Ethereum-based cryptocurrencies, and developing innovative Web3 applications [4]. - For further inquiries, the Company has provided contact information for investor relations [5].

Business Operations - Intchains Group Limited operates primarily through its PRC subsidiaries and has initiated business operations in Singapore in 2023[20]. - Intchains Group Limited has obtained all necessary permissions and approvals to conduct business operations in mainland China[25]. - The company has not faced difficulties in transferring cash between its subsidiaries as of the date of the report[27]. - The company relies on a limited number of third-party foundry partners for altcoin mining products, which poses risks of delays in product shipments if sufficient foundry capacity is not obtained[43]. - The company does not have long-term contracts with the Foundry Partner, relying on purchase orders, which may lead to supply chain risks[62]. - The company may pursue acquisitions or strategic alliances to expand its business, but such efforts could disrupt operations and lead to increased expenses[108]. Financial Performance - The company recorded a net loss of RMB26.8 million for the year ended December 31, 2023, with net cash outflows from operating activities of RMB4.7 million and RMB138.3 million (US$18.9 million) for the years ended December 31, 2023 and 2024, respectively[43]. - For the years ended December 31, 2022, 2023, and 2024, the company's revenue amounted to RMB473.7 million, RMB82.2 million, and RMB281.8 million (US$38.6 million), respectively[78]. - The carrying value of inventories was RMB 41.8 million and RMB 98.6 million (US$13.5 million) as of December 31, 2023, and 2024, respectively[75]. - Research and development expenses incurred were RMB 48.4 million, RMB 42.3 million, and RMB 109.4 million (US$15.0 million) for 2022, 2023, and 2024, respectively[74]. Dividend Policy - The company has not declared or paid any dividends on its ordinary shares since inception and intends to retain available funds for business operations and expansion[28]. - For the year ended December 31, 2024, no cash or asset transfers occurred among Intchains Group Limited and its subsidiaries, and no dividends were distributed[27]. - The ability of Intchains Group Limited to pay dividends depends on dividends paid by its PRC subsidiaries, which may be restricted by PRC laws[30]. - Under PRC laws, PRC subsidiaries can only pay dividends after setting aside 10% of net profit as reserve funds[30]. Regulatory Environment - The PCAOB has secured complete access to inspect registered public accounting firms in mainland China and Hong Kong, affecting the company's compliance with the Holding Foreign Companies Accountable Act[32]. - The company is subject to significant legal and regulatory uncertainties regarding cryptocurrency operations, which could adversely affect its business and financial condition[58]. - The People's Bank of China has prohibited all organizations from engaging in initial coin offerings and has emphasized the crackdown on bitcoin mining and trading activities[60]. - The U.S. government has imposed restrictions on trade and investment with China, which may impact the company's operations and product development[183]. Market Risks - The company derives substantially all of its revenue from sales of mining products, making it vulnerable to fluctuations in cryptocurrency prices, which can lead to excess inventory and margin compression[50]. - The company faces risks related to the volatility of ETH, which has historically influenced financial results and the market price of its American Depositary Shares (ADSs)[41]. - The company’s reliance on the cryptocurrency market makes it particularly vulnerable to market fluctuations, impacting its financial condition and results of operations[52]. - The company may experience liquidity constraints if cash requirements exceed available liquidity, potentially impacting its ability to fund and expand operations[47]. Operational Challenges - The company expects to continue making significant investments in business development, which may lead to operational challenges and affect profitability if not managed effectively[44]. - The company faces challenges in attracting and retaining qualified personnel, especially in research and development, which is critical for technological and product innovations[101]. - The company may not be able to maintain adequate inventory levels to meet demand, resulting in lost sales and competitive disadvantages[51]. - The company faces risks associated with relying on a limited number of third-party foundries, including potential quality control issues and delivery delays[64]. International Trade and Tariffs - Approximately 12.4% of the company's total revenue for the year ended December 31, 2024, came from customers in the U.S., which may be affected by increased tariffs[171]. - The U.S. has imposed an aggregate 125% tariff on certain goods imported from China, impacting the company's cost structure for essential components[172]. - Changes in international trade policies and tariffs could adversely affect the company's financial condition and international sales[182]. Intellectual Property - The company has registered 32 trademarks and 12 patents in the PRC, indicating efforts to protect its intellectual property[92]. Internal Controls and Compliance - A material weakness was identified in internal controls related to safeguarding private keys, which could affect financial reporting accuracy[98]. - The company has implemented internal control measures to mitigate risk exposure to international sanctions, but evolving regulations may still pose risks[181]. Economic Conditions - Any prolonged economic slowdown could negatively impact the company's business and financial condition[123]. - The global financial markets have faced disruptions since 2008, with ongoing uncertainties impacting the company's results and operations[122]. Future Outlook - The company plans to enhance its research and development capabilities and improve operational and financial systems to support future growth[79]. - The company may employ aggressive pricing strategies to remain competitive, potentially leading to price reductions and adverse effects on operational results[104].

Core Viewpoint - Intchains Group Limited has successfully closed a US$1.0 million registered direct offering to enhance its operations in the altcoin mining sector and support its long-term strategic goals [1][3]. Group 1: Offering Details - The offering involved the sale of 361,011 American Depositary Shares (ADSs) at a price of US$2.77 per ADS, along with warrants to purchase an equal number of ADSs at the same price [2][3]. - Gross proceeds from the offering amounted to US$1.0 million, which will primarily be used for upgrading altcoin mining machines, with remaining funds allocated to working capital and general corporate purposes [3]. Group 2: Institutional Investor Agreement - An Institutional Investor has the option to purchase an additional US$1.0 million of ADSs under a Purchase Agreement, exercisable within 60 days from March 27, 2025 [4]. - This option can be exercised in whole or in part, reflecting the investor's confidence in the company's long-term value [4][5]. Group 3: Company Outlook - The CEO of Intchains Group Limited expressed gratitude towards the Institutional Investor, highlighting the company's positive operational results in 2024 and the anticipated strong performance in the first half of 2025 due to the launch of the AE BOX series mining machines [5]. - The company aims to deliver long-term returns to shareholders and enhance its recognition in the market [5]. Group 4: Regulatory Information - The ADSs and Warrants were offered under a registration statement filed with the U.S. Securities and Exchange Commission, which was declared effective on August 5, 2024 [6]. - A prospectus supplement related to this offering was filed on March 26, 2025 [6]. Group 5: Company Overview - Intchains Group Limited specializes in altcoin mining products, strategic acquisition of Ethereum-based cryptocurrencies, and development of innovative Web3 applications [9].

Core Insights - Intchains Group Limited (ICG) has launched the Goldshell Byte, an innovative home miner designed for efficient altcoin mining, on March 27, 2025 [1][2]. Product Features - Goldshell Byte features a dual-slot mining base with hot-swappable mining hash boards, allowing miners to use two different algorithms simultaneously and switch mining cards based on market conditions [2][3]. - The AE Card has a default hash rate of 4.5 MH/s ±5%, while the DG Card operates at 65 MH/s ±5% [2]. Strategic Advantages - The Goldshell Byte allows for quick switching of mining algorithms without the need to replace the entire rig, reducing miners' exposure to market volatility and enabling them to seize early-market opportunities [3]. - The product enhances the standardization of ICG's offerings in the home mining sector and supports the company's market position [3]. Availability - The Goldshell Byte is available for purchase starting March 27, 2025, on Goldshell's official website [5]. Company Overview - Intchains Group Limited specializes in providing altcoin mining products, acquiring Ethereum-based cryptocurrencies, and developing innovative Web3 applications [6]. Additional Features - The Goldshell Byte supports dual mining capability, allowing simultaneous mining of two cryptocurrencies [7]. - It is designed for home use with noise-free operation and simple setup, making it suitable for household environments [7]. - The device can be monitored and controlled via WiFi using the Goldshell Hub App [7].

Core Insights - Intchains Group Limited (ICG) has launched the Goldshell Byte, an innovative home miner designed for efficient altcoin mining, on March 27, 2025 [1][2]. Product Features - The Goldshell Byte features a dual-slot mining base and hot-swappable mining hash boards, allowing miners to use two different algorithms simultaneously and switch mining cards based on market conditions [2][3]. - The AE Card has a default hash rate of 4.5 MH/s ±5%, while the DG Card operates at 65 MH/s ±5% [2]. Strategic Advantages - The Goldshell Byte allows for quick switching of mining algorithms without the need to replace the entire rig, reducing miners' exposure to market volatility and enabling them to seize early-market opportunities [3]. - The product enhances the standardization of ICG's offerings in the home mining sector and supports the company's market position [3]. Availability - The Goldshell Byte is available for purchase on Goldshell's official website starting from March 27, 2025 [5]. Company Overview - Intchains Group Limited specializes in providing altcoin mining products, acquiring Ethereum-based cryptocurrencies, and developing innovative Web3 applications [6]. Additional Features - The Goldshell Byte supports dual mining capability, allowing simultaneous mining of two cryptocurrencies [7]. - It is designed for home use with noise-free operation and simple setup, making it suitable for household environments [7]. - The device can be monitored and controlled via WiFi using the Goldshell Hub App [7].

SINGAPORE, March 26, 2025 (GLOBE NEWSWIRE) -- Intchains Group Limited (NASDAQ:ICG) ("we," "us" or the "Company"), a company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies, and the active development of innovative Web3 applications, today announced it has entered into a securities purchase agreement (the "Purchase Agreement") with an institutional investor (the "Institutional Investor") for a registered direct offering of 361 ...

Intermediate Capital Group plc 24 March 2025 Notification of Major Holdings (Correction) On 20 March 2025, it was announced that JPMorgan Chase & Co. had notified Intermediate Capital Group plc (the "Company") that its holding had increased above the minimum threshold for notification. JPMorgan Chase & Co. subsequently notified the Company on 21 March 2025 that the last notification it provided to the Company had been retracted. Accordingly, the TR1 notification published on 20 March 2025 should be disregar ...

Intermediate Capital Group PLC (the “Company”) 6 March 2025 Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them The Company received notification that on 5 March 2025, Benoît Durteste, Chief Executive Officer and Chief Investment Officer, transferred 85,000 ordinary shares in the Company to a charitable trust, for nil consideration. In addition, on the same day the Company received notification that Benoît Durteste tr ...

NEW YORK , Feb. 28, 2025 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG), a leading innovator in integrated solutions consisting of efficient mining products for altcoins, is proud to announce its launch of the GS Wallet under its Goldshell brand on 28 February 2025. The GS Wallet is ICG’s first crypto wallet, featuring a 3.5-inch true-color touchscreen, a fully air-gapped design, and the ability to complete transactions in just 30 seconds. It includes data self-destruct mechanisms for enhanced se ...