Intchains Group said first-half revenue fell 94% to RMB11.1 million, with nearly all of it coming from a related-party sale of non-core chip inventory, as it halted plans for material additional cryptocurrency accumulation. The Nasdaq-listed mining-machine maker will instead direct capital toward its next-generation mining ASIC, which completed tape-out in July and is targeted for commercial launch in the fourth quarter, while evaluating early-stage AI initiatives and potential acquisitions. Intchains held about 9,176 units of Ethereum-based cryptocurrencies worth RMB98.1 million as of June 30 and had allocated 4,556 ETH to staking by Aug. 20. The company reported an RMB148.9 million first-half net loss after inventory impairments and an RMB89.5 million fair-value loss on its crypto holdings, but said its RMB461.1 million in cash and short-term investments could fund the ASIC program and planned activities for at least 12 months. It also announced a $15 million share-buyback program.