Intchains Group Ltd. ICG

What this company does

Intchains Group Limited primarily engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies, and the development of Web3 applications. As of December 31, 2025, it had 127 full-time employees, substantially all of whom were in mainland China. For the year ended December 31, 2025, it had three customers each contributing more than 10% of its revenue, accounting for 35.1%, 27.0% and 22.4%, respectively. By June 2024, it had fully discontinued the sale of standalone ASIC chips, with revenue generated entirely from altcoin mining machines that integrate its ASIC chips. It launched Goldshell-branded altcoin mining machines targeting overseas markets in early March 2024. As of the date of the annual report, it held approximately 9,070 ETH, acquired at an aggregate purchase price of approximately RMB166.4 million. Operating as a core business segment under the Goldshell brand, Goldshell Stake provides cryptocurrency staking services for individual and institutional crypto investors, covering four blockchains: Ethereum, Avalanche, Manta, and Conflux. Intchains Group Limited began its operations in December 2017 when Shanghai Intchains Technology Co., Ltd. was founded in Shanghai, China.

Written from the business description in Intchains Group Ltd's annual report to the U.S. Securities and Exchange Commission, filed 13 April 2026. Every sentence was checked against that document before publication.