Intchains Group (ADR)
Builds integrated altcoin-mining machines and Ethereum staking infrastructure.
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Profile
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
Key statistics
Year to date −44.9% · Average volume (30d) 162.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 24, 2026 | Maxim Group | Reiterate | Buy | $3 | |
| Aug 21, 2026 | Coker Palmer | Target | $4 | $2 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q2 FY26 | −$0.03 | −$0.72 | −2,269.9% | $5.2M | $1.6M | −68.3% | +19.53% |
| Jun 25, 2026 | −$0.02 | −$0.03 | −22.8% | $4.0M | $5.0M | +24.6% | −2.16% |
| Jun 11, 2026 | −$0.02 | −$0.03 | −22.8% | $4.0M | $5.0M | +24.6% | +1.41% |
| Jun 4, 2026 | −$0.02 | −$0.02 | 0.0% | $4.0M | $4.0M | 0.0% | −5.55% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $11.0M | $19.7M | $6.4M | $1.4M | $5.3M | $1.7M | |
| Gross profit | $2.9M | $11.2M | $1.5M | −$1.4M | −$8.9M | −$1.6M | |
| Operating income | −$4.3M | $5.5M | −$2.4M | −$6.2M | −$12.3M | −$7.9M | |
| Net income | $1.9M | −$5.1M | $5.7M | $11.1M | −$19.2M | −$22.2M | |
| Diluted EPS | $0.06 | −$0.17 | $0.19 | $0.36 | −$0.62 | −$0.73 | |
| Gross margin | 26.2% | 56.9% | 23.8% | -99.2% | -167.7% | -98.2% | |
| Operating margin | -39.0% | 27.9% | -37.4% | -456.8% | -231.3% | -475.9% |
Fiscal years (4-quarter sums)FY22 $70.5M · FY23 $12.2M · FY24 $41.9M · FY25 $32.8M
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $68.6M · Total debt $13.5K · Total assets $128.4M · Shareholders' equity $123.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 30.23M · Float 14.70M · 48.6% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Intchain DQ Asset Holding Limited | 25.96M | 21.38% | 13G | May 12, 2026 |
| Golden Stone Capital Limited | 5.05M | 8.80% | 13G | May 12, 2026 |
| Intchains ZWM Holding Limited | 3.65M | 6.50% | 13G | Jan 27, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Canaan (ADR)
ASIC mining-machine rival through the Avalon product line
- Bitdeer
ASIC mining-machine rival through externally sold SEALMINER rigs
- Coinbase
Retail and institutional staking platform for Ethereum and other assets
- Galaxy Digital
Institutional validator and staking platform spanning Ethereum and 11 networks
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Intchains Group (ADR) | $1.03 | 0.00% | $31.1M | — | 7.0 | 2.1 | −72.8% |
| Canaan (ADR) | $0.3877 | +0.73% | $178.5M | — | — | 0.4 | +11,243,048.8% |
| Bitdeer | $10.32 | +0.10% | $2.41B | — | — | 3.0 | +47.1% |
| Coinbase | $178.50 | −0.02% | $47.13B | — | 206.3 | 8.5 | −18.5% |
| Galaxy Digital | $23.29 | +0.30% | $7.70B | — | — | 0.1 | +0.6% |
| Median | — | 206.3 | 1.7 | +23.8% |





