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Intchains Group Ltd V.ICG


Primary Symbol: ICG

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.


NDAQ:ICG - Post by User

Comment by tomgraniteon Mar 19, 2017 12:49pm
198 Views
Post# 25999338

RE:Green light ....

RE:Green light ....There is a process that companies go through before going in to production. ICG have just updated their PEA and are now undertaking a bulk sample and infill drilling. The next stage of significance will be a feasibility study. This will give us a final figure for capital required and then they will look at financing the project.

The PEA indicated that we are 18 months away from production.
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