Intchains Group Ltd. · NASDAQ:ICG
Intchains — Q4 2025 Earnings Presentation
16 slides from Intchains's earnings presentation, Feb 26, 2026
Slide 1: Intchains Group Ltd. Earnings Presentation Q4 2025 / FY 2025
Intchains Group Ltd. Earnings Presentation Q4 2025 / FY 2025 A leading provider focused on the development of altcoin mining products Engaged in strategic accumulation, holding, and staking of Ethereum-based cryptocurrencies, and the delivery of Web3 infrastructure services through the operation of
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding Intchains Group Limited’s (“Intchains” or the “Company”) future results of operations and financial position, fina
Slide 3: What We Do
What We Do Intchains focuses on the development of altcoin mining products, the strategic acquisition, holding, and staking of Ethereum-based cryptocurrencies, and the delivery of Web3 infrastructure services through the operation of a Proof-of-Stake cryptocurrency staking platform. Ticker Nasdaq: I
Slide 4: Diversified Business Model: Goldshell Mining Products and ETH Accumulation
Goldshell Mining Products Provider of integrated solutions of efficient mining products for altcoins Diversified Business Model ETH Accumulation & Staking Hold/Stake Ethereum-based cryptocurrencies I N T C H A I N S 4
Slide 5: Altcoin Mining Products Launches
Altcoin Mining Products Launches Major Altcoin Products in 2025: AE Series + DOGE Series + XT Series (plus the continuous updates of existing products) ALEO XTM DOGECOIN Feb. 2025: Sept. 2025: During 2025 Aleo-specific mining rig, followed by XTM-specific high-performing Multiple DOGE miner upgrades
Slide 6: Ethereum Accumulation Strategy
Ethereum Accumulation Strategy Pursue selective, value-driven purchases when As of Feb 18, 2025, market conditions are favorable1 Ranked # 11 in Treasury ETH Holders2 $5,000 10000 9,070 $4,500 9000 $4,000 8000 $3,500 7000 $3,000 6000 $2,500 5000 $2,000 4000 $1,500 3000 $1,000 2000 8,826 units of ETH
Slide 7: Acquires and Launches Goldshell Stake Platform
Acquires and Launches Goldshell Stake Platform Offers ETH diversification and maximization of staking returns December 2025: Acquired a Proof-of-Stake (“PoS”) technology platform, and officially launched independent PoS platform, Goldshell Stake Provides cryptocurrency staking services for individua
Slide 8: Key Financial Metrics
Key Financial Metrics Q4 2025 vs Q4 2024 2025 vs 2024 2025 Revenue Revenue R&D Investments RMB36.1M ($5.2M) vs RMB74.2M RMB220.9M ($31.6M) vs RMB281.8M RMB77.3M ($11.1M) Revenue was affected by market cyclicality and Mainly for the development of new mining Revenue was affected by market cyclicality
Slide 9: Historical Financial Performance
Historical Financial Performance Supported by 281.8 Strong Balance Sheet Revenue 220.9 RMB millions (as of 12/31/25) 140 82.2 123 132.4 120 Total current assets 100 74.2 80 60.3 60 35.5 43.2 36.1 40 26 13.9 24.3 RMB582.0M ($83.2M) 20 6.8 9.1 0 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2
Slide 10: Business Growth Strategy
Business Growth Strategy Core Business Focus: Sale of Altcoin Mining Machines, Cost Optimization and Investment in New Products H1 2026: H2 2026: FY 2026: Focus on Core Segments New Product Launched Planned Year of Margin Improvement Continue generating New altcoin mining products Cost-management in
Slide 11: ETH Holding Strategy
ETH Holding Strategy ETH Accumulation & Treasury Holding Prudent ETH Accumulation Strategy ETH Treasury Metrics • Pursue selective, value-driven purchases when market As of December 31, 2025… conditions are favorable, gradually increasing ETH treasury • RMB187.6 million (US$26.8 million), fair value
Slide 12: ETH Staking Strategy
ETH Staking Strategy ETH Staking Activities – Dual-platform ETH Staking Dual-Platform ETH Staking ETH Staking Metrics In 2026, we plan to accelerate ETH staking by gradually deploying the As of February 23, 2026… majority of our treasury holdings through FalconX and Goldshell Stake, • 2,600 units or
Slide 13: Consolidated Statements of Comprehensive Income (Q4 2025)
Consolidated Statements of Comprehensive Income (Q4 2025) For the Three Months ended December 31, 2024 2025 RMB RMB US$ Products revenue 74,177 36,131 5,167 Cost of revenue (54,752) (96,730) (13,832) Gross profit/(loss) 19,425 (60,599) (8,665) Operating expenses: Research and development expenses (4
Slide 14: Consolidated Statements of Comprehensive Income (2025)
Consolidated Statements of Comprehensive Income (2025) For the Year ended December 31, 2024 2025 RMB RMB US$ Products revenue 281,767 220,864 31,583 Cost of revenue (130,452) (204,902) (29,301) Gross profit 151,315 15,962 2,282 Operating expenses: Research and development expenses (109,443) (77,296)
Slide 15: Condensed Consolidated Balance Sheets (12/31/25)
Condensed Consolidated Balance Sheets (12/31/25) As of December 31, 2024 2025 RMB RMB US$ ASSETS Current Assets： Cash and cash equivalents 322,252 221,661 31,697 USDC 1,690 665 95 Cryptocurrency, current 30,079 6,035 863 Inventories, net 98,614 52,151 7,458 Prepayments and other current assets, net
Slide 16: Contact Us
Contact Us Intchains CFO Chaowei Yan: charles.yan@intchains.com Website: https://ir.intchains.com Investor Relations Counsel Lena Cati: (212) 836-9611 Social Media Channels lcati@theequitygroup.com Alice Zhang: (212) 836-9610 I N T C H A I N S azhang@theequitygroup.com 16