Intchains Group Limited announced its unaudited financial results for the second quarter and first half ended June 30, 2025. For Q2 2025, revenue was RMB43.2 million (US$6.0 million), representing a decrease of 64.9% from RMB123.0 million in the same period of 2024, primarily due to cyclical market fluctuations and softer demand for mining machine sales.
Despite the revenue decline, the company reported a net income of RMB38.3 million (US$5.3 million) for Q2 2025, a 24% decrease year-over-year. This net income was largely offset by a significant gain in the fair value of cryptocurrencies of RMB42.8 million (US$6.0 million), driven by an increase of 1,793 ETH units held and an approximate 34% rise in ETH price during the quarter.
For the first half of 2025, revenue reached RMB175.6 million (US$24.5 million), an increase of 19.2% from the same period in 2024, primarily due to strong Q1 sales of Aleo series machines. However, net income for H1 2025 was RMB4.3 million (US$0.6 million), a decrease from RMB35.6 million in H1 2024, impacted by a RMB28.0 million (US$3.9 million) loss on the fair value of cryptocurrencies due to an approximate 28% ETH price decrease during the period.
Intchains Group reinforced its leading ETH treasury position, with holdings increasing to 8,816 ETH as of June 30, 2025, up 25.5% quarter-over-quarter and 55% from December 31, 2024. The company also announced a partnership with FalconX to optimize ETH acquisition and enhance yield performance, aiming for an annualized yield as high as 10% on over 80% of its ETH holdings.
Looking ahead, the company anticipates softer sales in the second half of 2025 due to altcoin price volatility but expects tangible growth in 2026. This growth is projected to be driven by accelerated R&D investments in new altcoin projects and the maturation of its ETH yield strategies, positioning the company for a robust recovery and accelerated growth.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.