Intchains Group Limited is a fabless integrated circuit design company that generates revenue primarily through the design and sale of altcoin mining products manufactured in partnership with third-party semiconductor foundries. The company serves mining operators in China and other regions, accepts prepayment in fiat currency or cryptocurrency, and complements its mining product business with strategic holdings of Ethereum-based cryptocurrencies and development of Web3 applications. The business model relies on a concentrated customer base and limited foundry partnerships, with revenue recognized upon delivery of mining devices to customers.