Financial Data and Key Metrics Changes - FY 2025 revenue was RMB 220.9 million, or $31.6 million, a decrease of 21.6% compared to FY 2024 due to cyclical fluctuations and soft demand [11] - FY 2025 cost of revenue was RMB 204.9 million, or $29.3 million, an increase of 56.1%, impacted by impairment charges [12] - FY 2025 net loss was RMB 52 million, or $7.4 million, compared to a net income of RMB 51.5 million in FY 2024 [14] - As of December 31, 2025, cash position was $67.8 million, with total assets of $145.2 million and total liabilities of $6.2 million [14] Business Line Data and Key Metrics Changes - Altcoin mining hardware and Ethereum accumulation and staking activities are the core pillars of the business, with mining machine sales being the primary revenue source [4] - The launch of new mining products, including Aleo and Dogecoin miners, contributed to increased revenues in the first half of 2025, but demand softened in the second half [11][12] - The introduction of the XTM miners accounted for a significant portion of Q4 net revenues, reinforcing market competency [7] Market Data and Key Metrics Changes - The company operates in a market heavily influenced by cyclical volatility, impacting net revenue for FY 2025 [4] - ETH experienced significant price swings in 2025, driven by macroeconomic uncertainty and evolving institutional participation [8] - As of December 31, 2025, the company held 8,822 ETH, increasing from 5,702 a year ago, representing a growth of 56% [9] Company Strategy and Development Direction - The company plans to focus on continued investment in R&D, development and sale of Goldshell mining machines, and ETH accumulation and staking activities for 2026 and beyond [16] - Cost optimization initiatives, including workforce reduction, are expected to enhance efficiency and improve financial performance [18] - The company aims to generate incremental returns from idle assets through a dual platform staking approach [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the cyclical nature of the industry and the impact of market volatility on operations [4][8] - The long-term conviction in the Ethereum ecosystem remains unchanged, with ETH being a core digital asset in the company's treasury strategy [8] - Management does not expect regulatory changes in Mainland China to have a material adverse impact on the business [15] Other Important Information - The company has expanded into the blockchain infrastructure service sector, aiming to generate synergies across business lines [22] - The acquisition of the Goldshell Stake platform allows the company to provide cryptocurrency staking services for individual and institutional investors [10] Q&A Session Summary Question: Will new mining products be launched in the second half of 2026? - Yes, the company is targeting new altcoin mining machines in the second half, subject to market conditions and R&D progress [25] Question: Regarding Goldshell Stake, are the staked ETH from new users or did they come over with the acquisition? - The staked ETH includes both prior and new users, with growth in ETH units occurring post-acquisition [26]

A leading provider focused on the development of altcoin mining products Intchains Group Ltd. Earnings Presentation Q4 2025 / FY 2025 Intchains Group Ltd. Engaged in strategic accumulation, 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 This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation ...

Completes Acquisition and Launches Goldshell Stake Proof-of-Stake Platform to Advance Cryptocurrency Staking Business 2026 Business Strategy Focused on: Sale of Altcoin Mining Machines, Investing in New Products, Improve Profitability by Leveraging Cost Saving Initiatives, and Continue ETH Accumulation and Dual-Platform ETH StakingIntegrated Web3 Ecosystem and Technology Stack Platform, Well Positions Intchains to Capture Long-Term Crypto Growth Despite Short-Term Market Volatility SINGAPORE, Feb. 26, 2026 ...

Trump brothers-backed American Bitcoin swings to quarterly loss amid crypto selloff | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Eric Trump, Co-Founder and Chief Strategy Officer of American Bitcoin Corp., speaks during the the opening bell ceremony at the Nasdaq Market in New York City, U.S., September 16, 2025. ... [Purchase Licensing Rights, opens new tab] Read moreFeb 26 (Reuters) - American Bitcoin [(ABTC.O), opens new tab] ...

Hut 8 (HUT) reported $88.49 million in revenue for the quarter ended December 2025, representing no change year over year. EPS of $0.36 for the same period compares to $0 a year ago.The reported revenue represents a surprise of -9.24% over the Zacks Consensus Estimate of $97.5 million. With the consensus EPS estimate being -$0.12, the EPS surprise was +413.04%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next mov ...

Investor sentiments might be influenced by geopolitical developments. The U.S. has positioned military forces in the Middle East. The precious metal prices are on a positive note. On Tuesday, the benchmark S&P/TSX Composite Index closed higher. It settled with a gain of 193.88 points, or 0.57%, at 33,970.38.Gold surged toward $5,200 an ounce on Wednesday while the dollar declined. Spot gold traded up 0.8 percent at $5,187.20 an ounce. U.S. gold futures were up 32.40 points or 0.62 percent at $5,209.20.Silv ...

Group 1 - Cipher Mining Inc. has entered the AI data center market, indicating potential volatility in quarterly results until the business scales [1] - The company has signed significant leases for data centers, suggesting a commitment to expanding its infrastructure [1] Group 2 - Investors are advised to be patient as the company navigates the early stages of its data center operations [1]

Riot Platforms ( RIOT ) has been one of the Bitcoin ( BTC-USD) miners I have followed closely but kept at arm's length for much of the past market cycle. I have only covered RiotI started out as a crypto investor a decade ago and remain deeply active in the crypto space. I cover Bitcoin miners, digital asset treasuries, and crypto ETFs majorly, but I also seek alpha in tech equities, especially in emerging sectors like quantum computing and orbital intelligence. I have initiated coverage as a first analyst ...

Group 1 - Canaan Inc. has expanded its North American presence by acquiring a 49% equity interest in three West Texas mining projects from Cipher Mining for approximately $39.75 million, funded by issuing over 800 million Class A ordinary shares [1][2][5] - The acquisition includes 6,840 Avalon A15Pro mining rigs, providing Canaan with access to 120 MW of operational power capacity and an operating hashrate of approximately 4.4 EH/s, benefiting from low power costs averaging below 3 cents per kWh [2][5] - The partnership with WindHQ, which retains a 51% stake, allows Canaan to integrate its ASIC technology with localized energy infrastructure expertise, marking a strategic shift towards an asset-heavy energy model focused on direct US power applications [5][6]

We recently published 10 Stocks Winning the Market. Cipher Mining Inc. (NASDAQ:CIFR) was one of the best performers on Tuesday. Cipher Mining saw its share prices jump by 12.48 percent on Tuesday to finish at $17.12 apiece as investors cheered the company’s strong bitcoin mining performance, while digesting its rebranding initiative to reflect its business transition. In an updated report, Cipher Mining Inc. (NASDAQ:CIFR) said that it would change its name to Cipher Digital to reflect its strategic tran ...