New York, June 1, 2026, 14:03 (EDT)
- Intchains Group ADSs listed on Nasdaq gained around 8.4% to $0.90 in trading Monday.
- The announcement lands ahead of the company’s June 3 investor presentation and follows a change in its reporting timetable.
- Weakness in Ethereum is still a risk for the stock because of Intchains’ treasury and staking plan.
Intchains Group Limited shares traded higher in the U.S. Monday, beating out some other crypto-related stocks as buyers came back to the small-cap blockchain firm before its investor event set for later this week.
American depositary shares were up 8.4% at $0.90, trading on volume of around 160,500 shares. The U.S.-traded certificates opened at $0.8751 and changed hands between $0.8119 and $0.90 so far.
Intchains is scheduled to present at Noble Capital Markets’ Emerging Growth Virtual Equity Conference on June 3. Management can use the event to discuss its Ethereum staking and mining infrastructure approach with investors. The main session is set for 10:30 a.m. ET on Wednesday, the company said.
The gain came after a choppy day for crypto stocks. Coinbase dropped 1.6% to $186. Marathon Digital added 4.3%, Riot Platforms was up 6.1%. Bitcoin fell 2.7%. Ethereum eased 0.6% to around $1,989.
Intchains is in altcoin mining gear and holds Ethereum-based crypto, also doing staking—locking up tokens to run a blockchain for rewards. The company said in April it had 8,040 ETH staked from its own reserves: 1,000 ETH with FalconX and 7,040 ETH using its Goldshell Stake platform.
Intchains CEO Qiang Ding said in an update that the company’s ETH plan is “long-term, value-based and sustainable.” Ding said Intchains is boosting staking to get more out of its digital assets, and that using multiple platforms for staking could open up new revenue. GlobeNewswire
Intchains has been looking to trim expenses and bring in more automation. The company said in April it had cut headcount by around 20% since the start of 2026 and is aiming for a total workforce reduction of about 35%. Intchains expects annualized labor-cost savings of more than RMB20 million, but said the actual savings will depend on timing and how the cuts are carried out.
Intchains is shifting to semi-annual financial reports beginning fiscal 2026, according to a separate filing. The company said it plans to release unaudited results for the first half in August. That will include an interim balance sheet and a semi-annual income statement.
Investors now face fewer scheduled financial reports each year. Intchains said it will stick with semi-annual earnings calls and issue updates for any major developments as required by Regulation Fair Disclosure, which bars selective sharing of key company news.
Ethereum could be a problem for Intchains in the short run. If ETH drops more, or staking yield slips, or crypto-treasury names get cut, Intchains’ gains might go away fast. Intchains’ filings warn on ETH price swings, liquidity, hacking, cyberattacks and shifts in crypto accounting rules—any of these could hit results.
Nasdaq’s standard hours are 9:30 a.m. to 4:00 p.m. ET. June 1 isn’t a market holiday for 2026, according to the exchange. Juneteenth, on June 19, is the next date the exchange will close for a full day.
