Intchains Group Ltd. ADR (ICG) has released an update.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Intchains Group Limited has reported a significant year-over-year revenue increase of 785.1% in Q2 2024, reaching RMB123.0 million, despite a 26.2% decrease in ASIC chip sales volume. The company’s net income has notably improved to RMB50.4 million, a sharp turnaround from the net loss in the same period last year. This financial growth coincides with the introduction of their Goldshell-branded Box series and a strategic focus on enhancing their cryptocurrency asset portfolio.
For further insights into ICG stock, check out TipRanks’ Stock Analysis page.
