Back to news

Intchains Group Limited Reports First Half 2026 Financial Results

Globe Newswire•20/08/2026•16:05 ET
0
Whiz Insights

* 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.

Get started

Create a free account to read the full story.

Sign Up

Already have an account? Log in