Intchains Group (ADR) (ICG)
Builds integrated altcoin-mining machines and Ethereum staking infrastructure.
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Sells integrated altcoin-mining machines and related software and hardware under the Goldshell brand. The business also holds and stakes Ethereum while providing proof-of-stake Web3 infrastructure.
Integrated altcoin-mining machines are the core product, replacing earlier standalone ASIC-chip sales. A fabless foundation combines ASIC design with related software and hardware for blockchain applications, while the Goldshell brand extends the Web3 product presence.
Alongside mining products, the business acquires, holds, and stakes Ethereum-based cryptocurrencies and operates a proof-of-stake Web3 infrastructure platform. Operations are conducted principally through PRC subsidiaries, with roots in Shanghai and a Cayman Islands holding-company structure.
Cryptocurrency-sector conditions, major customers, a key foundry partner, and PRC rules affecting capital movement shape the operating model and its ability to fund cross-border operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 24, 2026 | Maxim Group | Reiterate | Rating: —Target: — | Target: $3 |
| Aug 21, 2026 | Coker Palmer | Target | Target: $4 | Target: $2 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $68.9M · Total debt $13.6K · Total assets $129.0M · Shareholders' equity $124.0M
- Revenue
- $1.7M
- Operating income
- −$7.9M
- Net income
- −$22.3M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Insiders | 78.40% | 23.70M ADS | |
|---|---|---|---|
| 6 holders · as of Sep 8, 2026 | |||
| Strategic holders | 57.32% | 17.33M ADS | |
| 3 holders · as of May 12, 2026 | |||
| Adds to | 135.72% | ||
30.23M ADS (1 ADS = 2 ordinary shares) as of Sep 5, 2026 · holders as of their latest filing
The share count is from the company's Dec 2023 annual report; nothing newer is on file here.
These groups come from separate filings that can overlap, so they add to 135.72%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ding Qiang1,2Insiderdirector, 10 percent owner, officer: CEO | 78.12% | 47.23M ordinary | filed Dec 31, 2023 |
Intchain DQ Asset Holding LimitedStrategic | 42.94% | 12.98M | filed May 12, 2026 |
Golden Stone Capital LimitedStrategic | 8.35% | 2.52M | filed May 12, 2026 |
Intchains ZWM Holding LimitedStrategic | 6.03% | 1.82M | filed Jan 27, 2026 |
Qingyang GuInsiderdirector | 0.08% | 47,244 ordinary | filed Aug 19, 2026 |
- Ding Qiang's transaction reports restate only vehicles that traded; the 2024 ownership statement (23.62M) is used instead.
- Ding Qiang reports a block also reported by Intchain DQ Asset Holding Limited; it is counted once, under Intchain DQ Asset Holding Limited.
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Intchains Group (ADR) | $0.9500 | +2.88% | $28.1M | — | 6.5 | 3.1 | −72.7% |
| Canaan (ADR) | $0.4037 | −3.21% | $195.9M | — | — | 0.4 | +128.4% |
| Bitdeer | $13.06 | −0.58% | $3.07B | — | — | 3.8 | +47.1% |
| Coinbase | $199.57 | −0.74% | $53.04B | — | 305.3 | 9.6 | −18.5% |
| Galaxy Digital | $27.37 | +4.97% | $8.65B | — | — | 0.1 | −3.8% |
| Median | — | 305.3 | 2.1 | +21.6% |