Intchains Group Ltd. ADR ( (ICG) ) has shared an update.
Intchains Group Ltd. ADR announced the closing of a $1.0 million registered direct offering on March 27, 2025, involving the sale of 361,011 American Depositary Shares and warrants. The company plans to use the proceeds to upgrade its altcoin mining machines and support general corporate purposes. This move is expected to strengthen Intchains’ position in the growing cryptocurrency market, particularly following the launch of its AE BOX series mining machines in February 2025.
More about Intchains Group Ltd. ADR
Intchains Group Ltd. ADR operates in the cryptocurrency industry, focusing on altcoin mining products, strategic acquisition and holding of Ethereum-based cryptocurrencies, and developing Web3 applications.
YTD Price Performance: -29.84%
Average Trading Volume: 186,637
Technical Sentiment Signal: Buy
Current Market Cap: $247M
Find detailed analytics on ICG stock on TipRanks’ Stock Analysis page.