Intchains Group Limited (ICG), established in 2017 and headquartered in Pudong, China, specializes in developing and distributing custom-designed integrated circuit chips (ASICs) along with their complementary software and hardware. These advanced solutions are engineered specifically for blockchain applications within the People's Republic of China. The company caters to a diverse client base, including distributors, corporate entities, and private individuals.
Intchains Group Limited Reports First Half 2026 Financial Results
Intchains reported H1 2026 revenue of RMB11.1 million, down 93.7% year-over-year, resulting in a net loss of RMB1.22 per share amid cyclical softness and regulatory restrictions.
Despite the financial decline, the company completed the tape-out of its next-generation mining ASIC in July and authorized a $15 million share repurchase program backed by a RMB461.1 million cash balance.
Management expects the new ASIC to drive modest revenue in the second half of 2026 with significant growth in fiscal 2027, while evaluating AI-focused acquisitions to diversify its revenue base.