Intchains Group Limited Reports Fourth Quarter and Full Year 2024 Unaudited Financial Results

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NEW YORK, Feb.27, 2025 (GLOBE NEWSWIRE) -- Intchains Group Limited (Nasdaq: ICG) ("we,” or the "Company”), a company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies, and the active development of innovative Web3 applications, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024.

Interest Income Interest income decreased by 11.1% to RMB3.8 million (US$0.5 million) for the fourth quarter of 2024 from RMB4.2 million for the same period of 2023, mainly due to a reduced cash balance resulting from our strategy of using part of our operating cash flow to acquire and hold ETH-based cryptocurrencies.

Non-GAAP Adjusted Net Income Non-GAAP adjusted net income increased by 54.2% to RMB14.8 million (US$2.0 million) for the fourth quarter of 2024 from RMB9.6 million for the same period of 2023.

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Author / Journalist: Shanghai Intchains Technology Co., Ltd.

Category: Technology

Markets: ChinaUnited States

Topics: US45828E1047 Nasdaq:ICG

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 21:00:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 3179 words

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Sentences: 75 lines

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News ID: 26489653

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