Earnings ·
Intchains Group Limited filed its unaudited condensed consolidated financial statements for the six months ended June…
ICGIntchains Group Ltd
Intchains Group Limited filed its unaudited condensed consolidated financial statements for the six months ended June 30, 2026. The company reported a net loss of RMB 148.9 million (US$ 21.9 million), compared to a net income of RMB 4.3 million in the prior year period. Total revenue declined sharply to RMB 11.1 million from RMB 175.6 million, driven by a drop in third-party product sales and lower gross profit. The loss was significantly impacted by an RMB 89.5 million non-cash charge for changes in the fair value of cryptocurrencies. Operating expenses totaled RMB 42.0 million, including RMB 22.4 million in research and development costs. Intchains Group Limited operates in the cryptocurrency mining and blockchain technology industry.