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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

Post by ukermannon May 19, 2017 9:13pm
264 Views
Post# 26266977

Victoria Day

Victoria DayGives the bankers an extra day to put their deal together. We're all looking for another miner to step in, but I wouldn't be surprised to see a private equity deal form up. They like to buy these things cheap, Eldorado has set that stage, bring it to fruition, then payday...taking it public. $600 million (us) is pocket money for these guys. Check out this guy Paulson. Runs a Hegde fund here in the states and is known to have some big, real big gold investments. Integra is simple at this point, almost a turnkey operation. We know they need about $80 million to get going, mill refurbishment, etc and still have $40 in cash, so net net another $40+/-, and 8-9 months they could be commissioning their mill. I would think key people would be asked to stay, and the board... Gonzo..no need. Still could happen...Lots of money looking for a good return, and gold in the ground is insurance.
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