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About Intchains Group Limited
Intchains Group is a Nasdaq-listed crypto infrastructure company founded in Shanghai in December 2017. Its core business is the design and sale of ASIC mining machines for altcoin algorithms under the Goldshell brand, alongside Ethereum treasury staking services. Operating a fabless model, the company built the Xihe platform to shorten chip development cycles and tunes performance per watt for algorithms used by Litecoin and Dogecoin, serving home and professional miners, with ETH staking offered through Goldshell Stake.
In the listed-miner narrative, Intchains sits at the intersection of mining equities and Ethereum treasury strategies. In July 2026 its next-generation mining ASIC completed tape-out and moved into engineering validation. As of June 30, 2026 it held roughly 9,176 ETH, of which 4,556 were staked; first-half revenue was RMB 11.1 million against RMB 42.0 million in operating expenses.
Intchains Group Limited reported H1 2026 revenue of RMB11.1 million, down 93.7% YoY, with a net loss of RMB148.9 million (RMB1.22 per share), compared to net income of RMB4.3 million in H1 2025. The decline was driven by soft altcoin demand and inventory impairment. The company held RMB461.1 million in cash and short-term investments, and expects its new ASIC chip to launch in Q4 2026, aiming for revenue contribution in H2 2026 and meaningful impact in 2027. Despite current losses, the balance sheet remains solid, but performance reflects cyclical headwinds.