Intchains Group Ltd. has released its unaudited financial results for the first quarter of 2025, reporting a substantial increase in total revenues, which reached $18.2 million-an impressive rise of 445.5% compared to $24.3 million for the same period in 2024. The company also achieved a turnaround in income from operations, posting $5.1 million for Q1 2025, compared to a loss of $34.6 million during the first quarter of the previous year. However, the net loss for Q1 2025 grew by 129.8% to $4.7 million, compared to $14.8 million for the same quarter in 2024. The non-GAAP adjusted net loss, excluding share-based compensation expenses, also increased by 139.6% to $4.4 million, from $13.3 million in the prior year. In terms of operational updates, the company reported an increase in the sales volume of altcoin mining products, with 709,857 units of embedded ASIC chips sold in Q1 2025, marking a 43.6% increase from the 494,235 units sold in the previous year. Additionally, the total ETH-based cryptocurrency units held by the company rose by 23.2% quarter-over-quarter. Intchains Group Ltd. focuses on altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies, and the development of innovative Web3 applications.