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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 Steppenwolf55on Aug 17, 2017 2:45pm
247 Views
Post# 26593135

Integra Phase II More Smoke and Mirrors?

Integra Phase II More Smoke and Mirrors?

VANCOUVER, Aug 17 (Reuters) - Three former executives of Integra Gold Corp, a small Canadian miner that was acquired last month for C$590 million ($467.51 million), have launched a new precious metals exploration company, the new venture's chief executive said on Thursday.

The company, to be named Integra Resources Corp, plans to acquire an advanced-stage gold-silver project in Canada or the United States in the next two months, and then apply to list on the TSX Venture Exchange, CEO George Salamis said.

Salamis was formerly the chairman of Integra Gold, which increased its market value from C$25 million four years ago to almost C$600 million by expanding the gold resource at its Lamaque project in Quebec through drilling.

Integra Gold was acquired by Canadian miner Eldorado Gold in July.

Integra Resources, which will be headquartered in Vancouver, will be modeled on Integra Gold, Salamis added.

Stephen de Jong, the former CEO of Integra Gold, will become the chairman of Integra Resources, and Andre St-Germain its chief financial officer, the same job he held at Integra Gold.

Years of low investment in exploration due to weak gold prices has left producers short of new projects, and looking to acquire them.

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