Intchains Group Limited Reports Third Quarter 2024 Unaudited Financial Results
Intchains Group Limited (ICG)
Company Research
Source: GlobeNewswire
SHANGHAI, China, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), an innovative altcoins development company that primarily focuses on providing integrated solutions consisting of high-performance computing ASIC chip products for altcoins, and on acquiring and holding ETH-based cryptocurrencies as its long-term asset reserve to support its Web3 industry development initiatives including actively developing Web3-based applications, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Operating and Financial Highlights Sales volume of ASIC chips: Our sales volume of ASIC chips for Q3 2024 was 207,838 units, compared to 165,056 units for the same period in 2023, representing an increase of 25.9%. All ASIC chip sales in the third quarter of 2024 were for chips embedded in computing equipment used for blockchain applications.Revenue: Our revenue for Q3 2024 reached RMB60.3 mil
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