Intchains Group (ICG)

Market Cap: $384M

About: Intchains Group Ltd provides integrated solutions consisting of high-performance ASIC chips and ancillary software and hardware for blockchain applications. Its ASIC chips are designed for several key blockchain algorithms including Blake2bsha3, sha512MD160, Cryptonight V4, Eaglesong, Blake2s and others. The company has built a proprietary technology platform named Xihe Platform, which allows the development of a wide range of ASIC chips with high efficiency and scalability. It designs its ASIC chips in-house, which enables it to leverage proprietary silicon data to deliver products reflecting the latest technological developments.

Employees: 113

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

4,993% more capital invested

Capital invested by funds: $645 [Q1] → $32.8K (+$32.2K) [Q2]

0% more funds holding

Funds holding: 1 [Q1] → 1 (+0) [Q2]

0% more ownership

Funds ownership: 0% [Q1] → 0% (+0%) [Q2]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $10 56% upside
• Avg. target: $10.25 60% upside
• High target: $11 72% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Benchmark Mark Palmer 60% 1-year accuracy 38 / 63 met price target	72% upside $11	Buy Maintained	16 Aug 2024
Benchmark Mark Palmer 60% 1-year accuracy 38 / 63 met price target	56% upside $10	Buy Reiterated	6 Aug 2024
Benchmark Mark Palmer 60% 1-year accuracy 38 / 63 met price target	56% upside $10	Buy Initiated	24 Jun 2024
Benchmark Mark Palmer 60% 1-year accuracy 38 / 63 met price target	56% upside $10	Buy Initiated	21 Jun 2024