Intchains Group Limited Announces Updates to Its ETH Activity and Holdings

Core Viewpoint - Intchains Group Limited is actively acquiring ETH-based cryptocurrencies to support its long-term asset reserve and Web3 development initiatives, reflecting a strategic focus on the altcoin market and integrated solutions for high-performance computing [1][4]. Summary by Sections ETH Acquisition and Holdings - Between September 30, 2024, and November 28, 2024, the company acquired approximately 915.3 ETH for about RMB20.7 million (US$2.9 million), at an average price of approximately RMB22,626 (US$3,123) per ETH, including fees and expenses [2]. - As of November 28, 2024, the company and its subsidiaries held approximately 5,066.6 ETH, acquired at an aggregate purchase price of approximately RMB107.0 million (US$14.8 million) and an average purchase price of approximately RMB21,117 (US$2,914) per ETH, including fees and expenses [3]. Company Overview - Intchains Group Limited focuses on providing integrated solutions with high-performance computing ASIC chip products for altcoins and acquiring ETH-based cryptocurrencies to support Web3 industry development initiatives [1][4].