Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.

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Intchains Group Ltd > Bought deal upsized to 7M$

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Comment by deccamanon Dec 12, 2014 8:05am

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Post# 23222740

RE:RE:RE:Bought deal upsized to 7M$

logic would say the PEA would come in much better, given the adjustments and $ saved with the resent purchase, so i think this financing ( at higher than mk share price ) just ensures they can proceed with a robust drill program of some high values targets.

regards

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