Intchains Group Limited Announces Updates to Its ETH Activity and Holdings
29 Noviembre 2024 - 10:14AM
Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), an
innovative altcoins development company that primarily focuses on
providing integrated solutions consisting of high-performance
computing ASIC chip products for altcoins, and on acquiring and
holding ETH-based cryptocurrencies as its long-term asset reserve
to support its Web3 industry development initiatives including
actively developing Web3-based applications, today announces
updates to its ETH activity and holdings.
During the period between September 30, 2024 and
November 28, 2024, the Company acquired approximately 915.3 ETHs
for approximately RMB20.7 million (US$2.9 million) in cash, at an
average price of approximately RMB22,626 (US$3,123) per ETH,
inclusive of fees and expenses. The ETH purchases were made using
our cash flows.
As of November 28, 2024, the Company, together
with its subsidiaries, held an aggregate of approximately 5,066.6
ETHs, which were acquired at an aggregate purchase price of
approximately RMB107.0 million (US$14.8 million) and an average
purchase price of approximately RMB21,117 (US$2,914) per ETH,
inclusive of fees and expenses.
About Intchains Group Limited
Intchains Group Limited is an innovative altcoins development
company that primarily focuses on providing integrated solutions
consisting of highperformance computing ASIC chip products for
altcoins, and on acquiring and holding ETH-based cryptocurrencies
as its long-term asset reserve to support its Web3 industry
development initiatives including actively developing Web3-based
applications. For more information, please visit the Company’s
website at: https://intchains.com.
Exchange Rate Information The
unaudited United States dollar (“US$”) amounts disclosed in the
accompanying financial statements are presented solely for the
convenience of the readers. Translations of amounts from RMB into
US$ for the convenience of the reader were calculated at the noon
buying rate of US$1.00=RMB7.2455 on November 22, 2024. No
representation is made that the RMB amounts could have been, or
could be, converted into US$ at such rate
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company’s
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Forward-looking
statements include, but are not limited to, statements about: (i)
our goals and strategies; (ii) our future business development,
formed condition and results of operations; (iii) expected changes
in our revenue, costs or expenditures; (iv) growth of and
competition trends in our industry; (v) our expectations regarding
demand for, and market acceptance of, our products; (vi) general
economic and business conditions in the markets in which we
operate; (vii) relevant government policies and regulations
relating to our business and industry; (viii) fluctuations in the
market price of ETH-based cryptocurrencies; gains or losses from
the sale of ETH-based cryptocurrencies; changes in accounting
treatment for the Company’s ETH-based cryptocurrencies holdings; a
decrease in liquidity in the markets in which ETH-based
cryptocurrencies are traded; security breaches, cyberattacks,
unauthorized access, loss of private keys, fraud, or other events
leading to the loss of the Company’s ETH-based cryptocurrencies;
impacts to the price and rate of adoption of ETH-based
cryptocurrencies associated with financial difficulties and
bankruptcies of various participants in the industry; and (viii)
assumptions underlying or related to any of the foregoing.
Investors can identify these forward-looking statements by words or
phrases such as “may,” “could,” “will,” “should,” “would,”
“expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,”
“predict,” “potential,” “project” or “continue” or the negative of
these terms or other comparable terminology. The Company undertakes
no obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company’s registration statement and other filings with the
SEC.
For investor and media inquiries, please
contact: Intchains Group Limited Investor relations Email:
ir@intchains.com
Redhill - Belinda Chan Tel: +852-9379-304 Email:
IntchainsIR@redhill.asia
Intchains (NASDAQ:ICG)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Intchains (NASDAQ:ICG)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024