Overview
Singapore altcoin mining firm's Q4 2025 revenue fell due to market fluctuations
Company reported Q4 2025 net loss of RMB130.7 mln, down from net income in 2024
Outlook
Intchains plans to launch new altcoin mining machines in H2 2026
Company aims to improve margins through cost optimization in 2026
Intchains expects to accelerate ETH staking activities in 2026
Result Drivers
MARKET FLUCTUATIONS - Revenue decreased 51.3% in Q4 2025 due to cyclical market fluctuations and softer demand for altcoin mining products
INVENTORY IMPAIRMENTS - Increased cost of revenue due to impairment charges on excess inventory of altcoin mining machines
ETH PRICE DECLINE - Loss in fair value of cryptocurrencies due to a decrease in ETH price during Q4 2025
Company press release: ID:nGNX97p9jZ
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | RMB 36.10 mln | ||
Q4 Net Income | -RMB 130.70 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"
Wall Street's median 12-month price target for Intchains Group Ltd is $3.50, about 155.5% above its February 25 closing price of $1.37
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 7 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)