- Completes Acquisition and Launches Goldshell Stake Proof-of-Stake Platform to Advance Cryptocurrency Staking Business
- 2026 Business Strategy Focused on: Sale of Altcoin Mining Machines, Investing in New Products, Improve Profitability by Leveraging Cost Saving Initiatives, and Continue ETH Accumulation and Dual-Platform ETH Staking
- Integrated Web3 Ecosystem and Technology Stack Platform, Well Positions Intchains to Capture Long-Term Crypto Growth Despite Short-Term Market Volatility
Q4 2025 FINANCIAL HIGHLIGHTS
- Revenue: Revenue was
RMB36.1 million (US$5.2 million ), compared toRMB74.2 million for the same period of 2024. - Loss from Operations: Loss from operations was
RMB83.7 million (US$12.0 million ), compared toRMB36.8 million for the same period of 2024. - Change in fair value of cryptocurrencies: The change in fair value of cryptocurrencies was a loss of
RMB74.4 million (US$10.6 million ) during Q4 2025, compared to a gain ofRMB29.2 million for the same period in 2024. - Net Income/(Loss): Net loss was
RMB130.7 million (US$18.7 million ), compared to net income ofRMB12.8 million for the same period in 2024. - Non-GAAP Adjusted Net Income/(Loss): Non-GAAP adjusted net loss was
RMB128.5 million (US$18.4 million ) for Q4 2025 as compared to non-GAAP adjusted net income ofRMB14.8 million for the same period of 2024. - Cash position: As of
December 31, 2025 , the Company had cash and cash equivalents, deposits and government securities listed in short-term and long-term investments, in an aggregate amount ofRMB473.8 million (US$67.8 million ), compared toRMB541.4 million as ofDecember 31, 2024 .
FY 2025 FINANCIAL HIGHLIGHTS
- Revenue: Revenue was
RMB220.9 million (US$31.6 million ), compared toRMB281.8 million for the same period of 2024. - Income/(Loss) from Operations: Loss from operations was
RMB104.7 million (US$15.0 million ), compared to income from operations ofRMB2.9 million for the same period of 2024. - Change in fair value of cryptocurrencies: The change in fair value of cryptocurrencies was a gain of
RMB4.8 million (US$0.7 million ) for FY 2025, compared to a gain ofRMB21.3 million for the same period in 2024. - Net Income/(Loss): Net loss was
RMB52.0 million (US$7.4 million ), compared to net income ofRMB51.5 million for the same period in 2024. - Non-GAAP Adjusted Net Income/(Loss): Non-GAAP adjusted net loss was
RMB43.4 million (US$6.2 million ), compared to income ofRMB60.5 million for the same period in 2024.
RECENT BUSINESS UPDATES & 2026 STRATEGY
- Core Business Focus: Sale of Altcoin Mining Machines, Cost Optimization and Investment in New Products:
- In the first half of 2026, Intchains expects to continue to generate revenues from the sale of its existing mining machine series launched in 2025, including ALEO, Dogecoin, XTM, and other altcoin-focused products.
- During 2025, Intchains incurred approximately
RMB77.3 million in research and development expenses, primarily related to the development of new mining machine series and the upgrade of existing models. Building on this investment and additional ones planed for the first half of 2026, the Company plans to introduce new altcoin mining products in the second half of 2026, with additional details to be announced in due course. - In 2026, the Company will focus on margin improvement through cost optimization efforts. Following the disposal of certain assets related to a non-core chip related business and associated assets in
January 2026 , the Company has implemented several cost-management initiatives to enhance overall operating efficiency, optimize headcount and create a leaner corporate structure. These measures are designed to focus resources on core R&D efforts and drive further margin expansion.
ETH Accumulation and Treasury Holding :- In 2026, Intchains intends to continue a prudent ETH accumulation strategy to pursue selective, value-driven purchases when market conditions are favorable, gradually increasing its ETH treasury holding over time.
- As of
December 31, 2025 , the fair value of our cryptocurrency assets other than stablecoins such as USDT and USDC wasRMB187.6 million (US$26.8 million ), which includes approximately 8,826 ETH-based cryptocurrencies, valued atRMB186.7 million . In 2026, Intchains continued to accumulate ETH and as ofFebruary 23, 2026 , total ETH held reached 9,070 units.
- ETH Staking Activities:
- Completed acquisition of Proof-of-Stake (“PoS”) platform and launched Goldshell staking business:
- In
December 2025 , Intchains acquired a Proof-of-Stake (“PoS”) technology platform for$1.3 million and officially launched the commercial operation of its independent PoS platform, Goldshell Stake. - Operating as a core business segment under the Goldshell brand, Goldshell Stake provides cryptocurrency staking services for both individual and institutional crypto investors, covering four prominent blockchains: Ethereum (ETH), Avalanche (AVAX), Manta (MANTA), and Conflux (CFX).
- The launch of Goldshell Stake represents Intchains’ expansion into the blockchain infrastructure service sector, positioning the company for growth in decentralized finance. Leveraging Intchains’ global customer base, Goldshell Stake plans to gradually expand into international markets.
- With the launch of our staking platform, we have successfully established a closed-loop ecosystem integrating hardware infrastructure (wallets), assets, and software services. This evolution creates a secondary growth engine beyond mining hardware and builds a solid foundation for long-term recurring revenue.
- In
- In 2026, Intchains expects to accelerate ETH staking activities, through gradually staking the bulk of its ETH treasury holdings on FalconX and Goldshell Stake, to generate incremental returns from idle assets. More specifically:
- Partnering with FalconX, to generate yield by staking ETH holdings on the FalconX platform, producing interest income through a combination of lending and derivatives-based strategies.
- Staking on Goldshell Stake platform, supplementing Intchains’ ETH staking activities with Intchains’ own proprietary PoS platform, further diversifying ETH holdings to maximize dual-platform staking returns.
- As of
February 23, 2026 , the Company’s total units of ETH used in staking were 2,600. Among the total units of ETH used in staking, 1,000 is staked on the FalconX platform, and 1,600 is staked on its proprietary Goldshell Stake. Furthermore, a total of 1,359 units of ETH were staked on its proprietary Goldshell Stake by third parties.
- Completed acquisition of Proof-of-Stake (“PoS”) platform and launched Goldshell staking business:
- Update on PRC Regulatory Environment. On
February 6, 2026 , eight PRC governmental bodies, including the People’s Bank of China, jointly issued the “Notice on Further Preventing and Handling Risks Related to Virtual Currencies” (the “Notice”). Among other provisions, the Notice stipulates that mining machine production enterprises are strictly prohibited from providing services such as the sale of mining machines within mainlandChina . In response to the Notice and to ensure full compliance, the Company is enhancing its internal control policies and undertaking rectification measures. Subsequent to the issuance of the Notice, the Company has ceased accepting new orders from customers in mainlandChina . The Company’s business model is designed to serve a global user base. Historically, our primary sales markets have consisted of overseas end users as well as domestic channel partners within mainlandChina whose purchases are primarily for export purposes. While management acknowledges that the cessation of domestic orders and the transition of sales channels will have a certain short-term impact on our operations, the Company plans to actively mitigate this by accelerating the expansion of its overseas sales channels and marketing infrastructure in conjunction with the launch of its new mining products which are scheduled to be launched in the second half of 2026. Consequently, management does not expect the Notice to have a material adverse impact on the Company’s overall business, financial condition, or results of operations in the long term.
Mr.
While our mining series underwent typical industry price-driven fluctuations, we strategically focused on strengthening our ETH treasury holdings. We advanced our ETH strategy through a dual-initiative approach designed to both optimize ETH accumulation and generate incremental returns on our ETH position. Collaborating with FalconX, we started to generate staking yields. Furthermore, through the launch of our Goldshell Stake platform, we entered into staking operation, diversifying our ETH holdings and further boosting returns. With 9,070 units of ETH in treasury holding and 2,600 units of ETH currently staked in both platforms as of
“As a Web3 infrastructure provider, our business is anchored by a leading altcoin hardware platform and complemented by our comprehensive technical capabilities across the blockchain ecosystem. By leveraging our deep experience in developing proprietary technology stacks, encompassing wallet, payment, and staking architectures, we have cultivated the integrated platform capabilities.”
CONFERENCE CALL INFORMATION
The Company will host a conference call to discuss these financial results at
| +1 646-307-1963 | |
| +86 400-030-0308 | |
| +852 800-960-994 | |
| +65 3159-1234 |
Webcast:
A simultaneous audio webcast including accompanying slides may be accessed via the following link: https://edge.media-server.com/mmc/p/ezs9gm6i/, or via the investor relations section of the Company’s website https://ir.intchains.com. For those unable to listen to the live webcast, the replay will be available on the Company’s website shortly after the conclusion of the call.
Q4 2025 FINANCIAL RESULTS
Revenue
Revenue was
Cost of Revenue
Cost of revenue was
Operating Expenses
Total operating expenses were
- Research and development expenses decreased by 71.6% to
RMB13.1 million (US$1.9 million ) for Q4 2025 fromRMB45.9 million for the same period of 2024. The decrease was primarily due to reduced expenses related to preliminary research costs conducted for new altcoin mining projects. - Sales and marketing expenses decreased by 26.8% to
RMB2.1 million (US$0.3 million ) for Q4 2025 fromRMB2.9 million for the same period of 2024, primarily driven by decreased personnel-related expenses. - General and administrative expenses increased by 8.0% to
RMB7.8 million (US$1.1 million ) for Q4 2025 fromRMB7.2 million for the same period of 2024, primarily due to increased depreciation expenses.
Loss from operations
Loss from operations was
Interest Income
Interest income decreased to
Change in fair value of cryptocurrencies
Change in fair value of cryptocurrencies resulted in a loss of
Other Income, Net
Other income, net was
Net Income/(Loss)
As a result of the foregoing, we recorded net loss of
Basic and Diluted Net Income/(Loss) Per Ordinary Share
Basic and diluted net loss per ordinary share both were
Non-GAAP Adjusted Net Income/(Loss)
Non-GAAP adjusted net loss was
Non-GAAP Basic and Diluted Net Income/(Loss) Per Ordinary Share
Non-GAAP adjusted basic and diluted net loss per ordinary share was
FY 2025 FINANCIAL RESULTS
Revenue
Revenue was
Cost of Revenue
Cost of revenue was
Operating Expenses
Total operating expenses were
- Research and development expenses decreased by 29.4% to
RMB77.3 million (US$11.1 million ) for FY 2025 fromRMB109.4 million for the same period of 2024, primarily due to reduced expenses related to preliminary research costs conducted for new altcoin mining projects. - Sales and marketing expenses remained relatively steady at
RMB8.8 million (US$1.3 million ) andRMB8.5 million , respectively, for the FY 2025 and 2024. - General and administrative expenses increased by 13.9% to
RMB34.4 million (US$4.9 million ) for FY 2025 fromRMB30.2 million for the same period of 2024, mainly driven by professional fees and depreciation expenses.
Income/(Loss) from operations
As a result of the foregoing, loss from operations was
Interest Income
Interest income decreased by 32.2% to
Change in fair value of cryptocurrencies
The change in fair value of cryptocurrencies was a gain of
Other Income, Net
Other income, net, remained steady at
Net Income/(Loss)
As a result, our net loss was
Basic and Diluted Net Income/(Loss) Per Ordinary Share
Basic and diluted net loss per ordinary share were both
Non-GAAP Adjusted Net Income/(Loss)
Non-GAAP adjusted net loss was
Non-GAAP Basic and Diluted Net Income/(Loss) Per Ordinary Share
Non-GAAP adjusted basic and diluted net loss per ordinary share was
About
Exchange Rate Information
The unaudited
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Forward-looking statements include, but are not limited to, statements about: (i) our goals and strategies; (ii) our future business development, formed condition and results of operations; (iii) expected changes in our revenue, costs or expenditures; (iv) growth of and competition trends in our industry; (v) our expectations regarding demand for, and market acceptance of, our products; (vi) general economic and business conditions in the markets in which we operate; (vii) relevant government policies and regulations relating to our business and industry; (viii) fluctuations in the market price of ETH-based cryptocurrencies; gains or losses from the sale of ETH-based cryptocurrencies; changes in accounting treatment for the Company’s ETH-based cryptocurrencies holdings; a decrease in liquidity in the markets in which ETH-based cryptocurrencies are traded; security breaches, cyberattacks, unauthorized access, loss of private keys, fraud, or other events leading to the loss of the Company’s ETH-based cryptocurrencies; impacts to the price and rate of adoption of ETH-based cryptocurrencies associated with financial difficulties and bankruptcies of various participants in the industry; and (viii) assumptions underlying or related to any of the foregoing. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the
Use of Non-GAAP Financial Measures
In evaluating Company’s business, the Company uses non-GAAP measures, such as adjusted income (loss) from operations and adjusted net income (loss), as supplemental measures to review and assess its operating performance. The Company defines adjusted income (loss) from operations as income (loss) from operations excluding share-based compensation expenses, and adjusted net income (loss) as net income (loss) excluding share-based compensation expenses. The Company believes that the non-GAAP financial measures provide useful information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.
The non-GAAP financial measures are not defined under
For investor and media inquiries, please contact:
Investor relations
Email: ir@intchains.com
The Equity Group
212-836-9611 / lcati@theequitygroup.com
212-836-9610 / azhang@theequitygroup.com
| INTCHAINS GROUP LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except share and per share data, or as otherwise noted) | |||||||||
| As of | |||||||||
| 2024 | 2025 | ||||||||
| RMB | RMB | US$ | |||||||
| ASSETS | |||||||||
| Current Assets: | |||||||||
| Cash and cash equivalents | 322,252 | 226,661 | 31,697 | ||||||
| USDC | 1,690 | 665 | 95 | ||||||
| Cryptocurrency, current | 30,079 | 6,035 | 863 | ||||||
| Inventories, net | 98,614 | 52,151 | 7,458 | ||||||
| Prepayments and other current assets, net | 69,703 | 55,063 | 7,873 | ||||||
| Short-term investments | 198,562 | 241,431 | 35,239 | ||||||
| Total current assets | 720,900 | 582,006 | 83,225 | ||||||
| Non-current Assets: | |||||||||
| Cryptocurrencies, non-current | 148,790 | 187,607 | 26,827 | ||||||
| Long-term investments | 20,569 | 21,486 | 3,073 | ||||||
| Property, equipment, and software, net | 157,065 | 141,581 | 20,246 | ||||||
| Intangible assets, net | 3,552 | 11,975 | 1,712 | ||||||
| Right-of-use assets | 272 | 1,100 | 157 | ||||||
| Deferred tax assets | 28,942 | 61,289 | 8,764 | ||||||
| Other non-current assets | 9,419 | 8,347 | 1,194 | ||||||
| Total non-current assets | 368,609 | 433,385 | 61,973 | ||||||
| Total assets | 1,089,509 | 1,015,391 | 145,198 | ||||||
| LIABILITIES, AND SHAREHOLDERS’ EQUITY | |||||||||
| Current Liabilities: | |||||||||
| Accounts payable | 14,847 | 3,025 | 433 | ||||||
| Contract liabilities | 37,447 | 16,462 | 2,354 | ||||||
| Income tax payable | 2,023 | 39 | 6 | ||||||
| Lease liabilities-Current | 272 | 542 | 77 | ||||||
| Provision for warranty | 161 | 380 | 54 | ||||||
| Accrued liabilities and other current liabilities | 21,692 | 22,340 | 3,194 | ||||||
| Total current liabilities | 76,442 | 42,788 | 6,118 | ||||||
| Current Liabilities: | |||||||||
| Lease liabilities- Non-current | — | 558 | 80 | ||||||
| Total non-current liabilities | — | 558 | 80 | ||||||
| Total liabilities | 76,442 | 43,346 | 6,198 | ||||||
| Shareholders’ Equity: | |||||||||
| Ordinary shares ( | 1 | 1 | — | ||||||
| Subscriptions receivable from shareholders | (1 | ) | (1 | ) | — | ||||
| Additional paid-in capital | 195,236 | 211,276 | 30,212 | ||||||
| Statutory reserves | 51,762 | 51,968 | 7,431 | ||||||
| Accumulated other comprehensive income | 3,777 | (1,246 | ) | (178 | ) | ||||
| Retained earnings | 762,292 | 710,047 | 101,535 | ||||||
| Total shareholders’ equity | 1,013,067 | 972,045 | 139,000 | ||||||
| Total liabilities and shareholders’ equity | 1,089,509 | 1,015,391 | 145,198 | ||||||
| INTCHAINS GROUP LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) (All amounts in thousands, except share and per share data, or as otherwise noted) | ||||||||||
| For the Three Months ended | ||||||||||
| 2024 | 2025 | |||||||||
| RMB | RMB | US$ | ||||||||
| Products revenue | 74,177 | 36,131 | 5,167 | |||||||
| Cost of revenue | (54,752 | ) | (96,730 | ) | (13,832 | ) | ||||
| Gross profit/(loss) | 19,425 | (60,599 | ) | (8,665 | ) | |||||
| Operating expenses: | ||||||||||
| Research and development expenses | (45,887 | ) | (13,053 | ) | (1,867 | ) | ||||
| Sales and marketing expenses | (2,897 | ) | (2,122 | ) | (303 | ) | ||||
| General and administrative expenses | (7,237 | ) | (7,813 | ) | (1,117 | ) | ||||
| Impairment of long-lived assets | (210 | ) | (74 | ) | (11 | ) | ||||
| Total operating expenses | (56,231 | ) | (23,062 | ) | (3,298 | ) | ||||
| Loss from operations | (36,806 | ) | (83,661 | ) | (11,963 | ) | ||||
| Interest income | 3,778 | 2,412 | 345 | |||||||
| Foreign exchange loss, net | 2,264 | (1,415 | ) | (202 | ) | |||||
| Change in fair value of cryptocurrencies | 29,228 | (74,419 | ) | (10,642 | ) | |||||
| Other income, net | 5,447 | 5,333 | 763 | |||||||
| Income before income tax expenses | 3,911 | (151,750 | ) | (21,699 | ) | |||||
| Income tax benefit | 8,870 | 21,024 | 3,006 | |||||||
| Net income/(loss) | 12,781 | (130,726 | ) | (18,693 | ) | |||||
| Foreign currency translation adjustment, net of nil tax | 4,127 | (2,284 | ) | (327 | ) | |||||
| Total comprehensive income/(loss) | 16,908 | (133,010 | ) | (19,020 | ) | |||||
| Weighted average number of shares used in per share calculation | ||||||||||
| — Basic | 119,980,614 | 121,423,854 | 121,423,854 | |||||||
| — Diluted | 119,998,547 | 121,423,854 | 121,423,854 | |||||||
| Net income/(loss) per share | ||||||||||
| — Basic | 0.12 | (1.08 | ) | (0.15 | ) | |||||
| — Diluted | 0.12 | (1.08 | ) | (0.15 | ) | |||||
| INTCHAINS GROUP LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) (All amounts in thousands, except share and per share data, or as otherwise noted) | |||||||||
| For the Year ended | |||||||||
| 2024 | 2025 | ||||||||
| RMB | RMB | US$ | |||||||
| Products revenue | 281,767 | 220,864 | 31,583 | ||||||
| Cost of revenue | (130,452 | ) | (204,902 | ) | (29,301 | ) | |||
| Gross profit | 151,315 | 15,962 | 2,282 | ||||||
| Operating expenses: | |||||||||
| Research and development expenses | (109,443 | ) | (77,296 | ) | (11,053 | ) | |||
| Sales and marketing expenses | (8,468 | ) | (8,824 | ) | (1,262 | ) | |||
| General and administrative expenses | (30,248 | ) | (34,445 | ) | (4,925 | ) | |||
| Impairment of long-lived assets | (210 | ) | (74 | ) | (11 | ) | |||
| Total operating expenses | (148,369 | ) | (120,639 | ) | (17,251 | ) | |||
| Income/(Loss) from operations | 2,946 | (104,677 | ) | (14,969 | ) | ||||
| Interest income | 16,235 | 11,014 | 1,575 | ||||||
| Foreign exchange loss, net | 1,382 | (3,364 | ) | (481 | ) | ||||
| Change in fair value of cryptocurrencies | 21,322 | 4,838 | 692 | ||||||
| Other income, net | 8,292 | 8,334 | 1,191 | ||||||
| Income before income tax expenses | 50,177 | (83,855 | ) | (11,992 | ) | ||||
| Income tax benefit | 1,320 | 31,816 | 4,550 | ||||||
| Net income/(loss) | 51,497 | (52,039 | ) | (7,442 | ) | ||||
| Foreign currency translation adjustment, net of nil tax | (1,939 | ) | (5,023 | ) | (718 | ) | |||
| Total comprehensive income/(loss) | 53,436 | (57,062 | ) | (8,160 | ) | ||||
| Weighted average number of shares used in per share calculation | |||||||||
| — Basic | 119,936,488 | 120,912,863 | 120,912,863 | ||||||
| — Diluted | 120,016,243 | 120,912,863 | 120,912,863 | ||||||
| Net income/(loss) per share | |||||||||
| — Basic | 0.43 | (0.43 | ) | (0.06 | ) | ||||
| — Diluted | 0.43 | (0.43 | ) | (0.06 | ) | ||||
| INTCHAINS GROUP LIMITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, except per share data) | |||||||||
| For the Three Months ended | |||||||||
| 2024 | 2025 | ||||||||
| RMB | RMB | US$ | |||||||
| Loss from operations | (36,806 | ) | (83,661 | ) | (11,963 | ) | |||
| Add: | |||||||||
| Share-based compensation expense | 1,993 | 2,223 | 318 | ||||||
| Non-GAAP adjusted operating loss | (34,813 | ) | (81,438 | ) | (11,645 | ) | |||
| Net income/(loss) | 12,781 | (130,726 | ) | (18,693 | ) | ||||
| Add: | |||||||||
| Share-based compensation expense | 1,993 | 2,223 | 318 | ||||||
| Non-GAAP adjusted net income/(loss) | 14,774 | (128,503 | ) | (18,375 | ) | ||||
| Non-GAAP adjusted net income/(loss) per share | |||||||||
| — Basic | 0.12 | (1.06 | ) | (0.15 | ) | ||||
| — Diluted | 0.12 | (1.06 | ) | (0.15 | ) | ||||
| INTCHAINS GROUP LIMITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, except per share data) | |||||||||
| For the Year ended | |||||||||
| 2024 | 2025 | ||||||||
| RMB | RMB | US$ | |||||||
| Income/(Loss)from operations | 2,946 | (104,677 | ) | (14,969 | ) | ||||
| Add: | |||||||||
| Share-based compensation expense | 8,974 | 8,650 | 1,237 | ||||||
| Non-GAAP adjusted operating income/(loss) | 11,920 | (96,027 | ) | (13,732 | ) | ||||
| Net income/(loss) | 51,497 | (52,039 | ) | (7,442 | ) | ||||
| Add: | |||||||||
| Share-based compensation expense | 8,974 | 8,650 | 1,237 | ||||||
| Non-GAAP adjusted net income/(loss) | 60,471 | (43,389 | ) | (6,205 | ) | ||||
| Non-GAAP adjusted net income/(loss) per share | |||||||||
| — Basic | 0.50 | (0.36 | ) | (0.05 | ) | ||||
| — Diluted | 0.50 | (0.36 | ) | (0.05 | ) | ||||
| INTCHAINS GROUP LIMITED UNAUDITED CRYPTOCURRENCY-ADDITIONAL INFORMATION | ||||||||||
| As of Quarter Ended | Cryptocurrency | Approximate Number of Cryptocurrency Held at End of Quarter | Original Cost Basis | Approximate Average Cost Price Per Unit of Cryptocurrency | Lowest Market Price Per Unit of | Market Value of Cryptocurrency Held at End of Quarter Using Lowest Market Price (b) | Highest Market Price Per Unit of | Market Value of Cryptocurrency Held at End of Quarter Using Highest Market Price (d) | Market Price Per Unit of Cryptocurrency at End of Quarter (e) | Market Value of Cryptocurrency Held at End of Quarter Using Ending Market Price (f) |
| Unit | USD | USD | USD | USD | USD | USD | USD | USD | ||
| ETH | 8,150 | 21,226,137 | 2,604 | 2,620 | 21,353,000 | 4,759 | 38,785,850 | 2,982 | 24,303,300 | |
| ETH-Coinbase Staked | 676 | 1,954,713 | 2,892 | 2,892 | 1,954,992 | 5,231 | 3,536,156 | 3,332 | 2,252,432 | |
| Bitcoin | 1.44 | 149,486 | 103,810 | 80,525 | 115,956 | 126,296 | 181,866 | 87,584 | 126,121 | |
| USDT&USDC | 953,186 | 953,201 | 1 | 1 | 934,596 | 1 | 1,014,137 | 1 | 953,186 | |
| Others | Multiple * | 64,736 | Multiple * | Multiple * | 10,703 | Multiple * | 25,686 | Multiple * | 12,783 | |
| Total | 24,348,273 | 24,369,247 | 43,543,695 | 27,647,822 | ||||||
| ETH | 8,143 | 21,199,747 | 2,603 | 2,373 | 19,323,339 | 4,956 | 40,356,708 | 4,146 | 33,760,878 | |
| ETH-Coinbase Staked | 676 | 1,954,713 | 2,892 | 2,617 | 1,769,092 | 5,444 | 3,680,144 | 4,778 | 3,229,928 | |
| Bitcoin | 0.73 | 75,406 | 103,296 | 105,120 | 76,738 | 124,533 | 90,909 | 114,068 | 83,270 | |
| USDT&USDC | 233,919 | 233,919 | 1 | 1 | 233,919 | 1 | 233,919 | 1 | 233,919 | |
| Others | Multiple * | 64,736 | Multiple * | Multiple * | 16,485 | Multiple * | 31,184 | Multiple * | 22,238 | |
| Total | 23,528,521 | 21,419,573 | 44,392,864 | 37,330,233 | ||||||
| ETH | 8,140 | 21,186,437 | 2,603 | 1,385 | 11,273,900 | 2,879 | 23,435,060 | 2,475 | 20,146,500 | |
| ETH-Coinbase Staked | 676 | 1,954,713 | 2,892 | 1,521 | 1,028,196 | 3,172 | 2,144,272 | 2,725 | 1,842,100 | |
| Bitcoin | 0.25 | 22,228 | 88,912 | 74,421 | 18,605 | 112,000 | 28,000 | 107,607 | 26,902 | |
| USDT&USDC | 1,088,040 | 1,091,633 | 1 | 1 | 1,098,861 | 1 | 1,077,659 | 1 | 1,088,312 | |
| Others | Multiple * | 64,321 | Multiple * | Multiple * | 13,524 | Multiple * | 24,183 | Multiple * | 16,606 | |
| Total | 24,319,332 | 13,433,086 | 26,709,174 | 23,120,420 | ||||||
| ETH | 6,347 | 18,031,664 | 2,841 | 1,754 | 11,132,638 | 3,746 | 23,775,862 | 1,842 | 11,691,174 | |
| ETH-Coinbase Staked | 676 | 1,954,713 | 2,892 | 1,914 | 1,293,864 | 4,065 | 2,747,940 | 2,017 | 1,363,492 | |
| Bitcoin | 12.66 | 946,882 | 74,793 | 76,555 | 969,186 | 109,358 | 1,384,472 | 83,416 | 1,056,047 | |
| USDT&USDC | 2,108,065 | 2,111,681 | 1 | 1 | 2,091,378 | 1 | 2,124,947 | 1 | 2,107,951 | |
| Others | Multiple * | 84,283 | Multiple * | Multiple * | 33,817 | Multiple * | 94,121 | Multiple * | 37,553 | |
| Total | 23,129,223 | 15,520,883 | 30,127,342 | 16,256,217 | ||||||
| ETH | 5,075 | 15,102,524 | 2,976 | 2,309 | 11,718,175 | 4,109 | 20,853,175 | 3,414 | 17,326,050 | |
| ETH-Coinbase Staked | 627 | 1,800,713 | 2,872 | 2,487 | 1,559,349 | 4,450 | 2,790,150 | 3,701 | 2,320,527 | |
| Bitcoin | 10.29 | 720,567 | 70,026 | 58,864 | 605,711 | 108,389 | 1,115,323 | 95,285 | 980,483 | |
| USDT&USDC | 4,425,484 | 4,428,159 | 1 | 1 | 4,384,335 | 1 | 4,469,357 | 1 | 4,419,574 | |
| Others | Multiple * | 78,298 | Multiple * | Multiple * | 30,694 | Multiple * | 101,589 | Multiple * | 69,389 | |
| Total | 22,130,261 | 18,298,264 | 29,329,594 | 25,116,023 | ||||||
| ETH | 3,522 | 10,115,116 | 2,872 | 2,116 | 7,452,552 | 3,563 | 12,548,886 | 2,596 | 9,143,112 | |
| ETH-Coinbase Staked | 627 | 1,800,713 | 2,872 | 2,290 | 1,435,830 | 3,926 | 2,461,602 | 2,807 | 1,759,989 | |
| Bitcoin | 8.47 | 549,364 | 64,860 | 49,050 | 415,454 | 70,000 | 592,900 | 63,552 | 538,285 | |
| USDT&USDC | 9,847,687 | 9,849,266 | 1 | 1 | 9,814,682 | 1 | 9,857,395 | 1 | 9,845,929 | |
| Others | Multiple * | 105,405 | Multiple * | Multiple * | 36,415 | Multiple * | 72,441 | Multiple * | 53,661 | |
| Total | 22,419,864 | 19,154,933 | 25,533,224 | 21,340,976 | ||||||
| ETH | 1,937 | 6,179,744 | 3,190 | 2,814 | 5,450,718 | 3,974 | 7,697,638 | 3,394 | 6,574,178 | |
| ETH-Coinbase Staked | 480 | 1,301,108 | 2,711 | 2,954 | 1,417,920 | 4,243 | 2,036,640 | 3,645 | 1,749,600 | |
| Bitcoin | 3.95 | 265,883 | 67,312 | 56,500 | 223,175 | 72,777 | 287,469 | 61,613 | 243,371 | |
| USDT&USDC | 10,422,648 | 10,423,276 | 1 | 1 | 10,386,315 | 1 | 10,458,980 | 1 | 10,404,063 | |
| Others | Multiple * | 107,484 | Multiple * | Multiple * | 54,226 | Multiple * | 122,435 | Multiple * | 64,202 | |
| Total | 18,277,495 | 17,532,354 | 20,603,162 | 19,035,414 | ||||||
| ETH | 346 | 999,180 | 2,888 | 2,100 | 726,600 | 4,094 | 1,416,524 | 3,618 | 1,251,828 | |
| ETH-Coinbase Staked | 479 | 1,297,687 | 2,709 | 2,236 | 1,071,044 | 4,341 | 2,079,339 | 3,842 | 1,840,318 | |
| Bitcoin | 0.67 | 44,995 | 67,157 | 38,501 | 25,796 | 73,836 | 49,470 | 70,407 | 47,173 | |
| USDT&USDC | 99,583 | 99,583 | 1 | 1 | 99,583 | 1 | 99,583 | 1 | 99,583 | |
| Others | Multiple * | 81,571 | Multiple * | Multiple * | 67,814 | Multiple * | 124,481 | Multiple * | 91,346 | |
| Total | 2,523,016 | 1,990,837 | 3,769,397 | 3,330,248 | ||||||
Source: