Crypto

Intchains Narrows Losses Amid Cryptocurrency Mining Slump

Guavy AI Editorial Team Published August 22, 2026

Intchains Group Limited reported a net loss per ordinary share of RMB 1.22 in the first half of 2026, due to weak demand for cryptocurrency mining and sales restrictions in China.

The company's revenue fell to RMB 11.1 million in H1 2026, while its cash reserves stood at RMB 461 million.

Despite the poor results, Intchains' management expressed optimism about the second half of 2026 and the potential for a recovery in 2027.

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