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INTCHAINS Exhibit 99.1 • Intchains Group Limited Reports First Half 2026 Financial Results Completes Tape - Out of New Next - Generation Mining ASIC in July ; Commercial Launch on Track for Q4 2026 H2 2026 Strategy Focused on New ASIC Commercialization , Continued Cost Discipline , and Evaluation of AI - Focused ecosystem expansion opportunities • Announces $ 15 Million Share Repurchase Program Singapore , August 20 , 2026 - Intchains Group Limited ( Nasdaq : ICG ) ( " we , " or the " Company " ) , an integrated infrastructure provider of efficient altcoin mining and staking , today announced its unaudited financial results for the first six months of 2026 ended June 30 , 2026 ( “ H1 2026 ” ) . Results for the period reflected continued cyclical softness in altcoin demand , compounded by the PRC's mining - machine sales restrictions announced in February 2026. Revenue was RMB11.1 million and total operating expenses were RMB42.0 million , with basic and diluted net loss per ordinary share of RMB1.22 . The Company ended the period with RMB461.1 million in cash and cash equivalents and short - term investments , a balance sheet that the Company believes will allow the Company to fund its next - generation chip program entirely from internal resources . Mr. Qiang Ding , Chairman and CEO , commented , " We entered this cycle with a deliberate choice ; keep funding our next - generation mining ASIC development through a weaker demand environment , so that we would be ready with new products when the market turns . That decision is now paying off . In July , we completed the tape - out of our new next - generation mining ASIC project , a major technical milestone that keeps commercial launch on track for Q4 2026. With the most capital- and R & D - intensive phase of chip development behind us , we have moved into validation and are preparing for full commercialization . At the same time , disciplined expense management , headcount optimization , and a broader rollout of our AI - enabled operating model drove a meaningful reduction in total operating expenses , including an estimated RMB23.1 million reduction in annual labor costs based on headcount optimization actions completed as of June 30 , 2026. " Mr. Ding continued , “ While we expect conditions to remain challenging through the second half of the year , we believe we are moving quickly to capture the opportunities ahead . We expect that our new mining ASIC will begin contributing modest revenue in H2 2026 , building to a far more meaningful impact in fiscal 2027 as commercialization accelerates . Longer term , we believe that this platform further strengthens Intchains ' position as a leading and active supplier of purpose - built mining ASIC systems , driving superior operational efficiency for our customers and advancing a more sustainable proof - of - work infrastructure . It is a core part of our strategy to build a more resilient , diversified revenue base . Beyond this new project , we are evaluating new initiatives in AI , including potential acquisitions , as a mid- to long - term path to growth and further diversification . That work is in its early stages , and we expect to share more specific plans as we move into next year . " H2 2026 STRATEGY Commercialize the New Mining ASIC In July , Intchains completed tape - out of its new mining ASIC , moving the project from design completion into manufacturing . Next steps are engineering sample production and laboratory validation , performance , reliability and thermal testing against internal benchmarks . Subject to successful validation , the Company expects to begin production ramp and system - level integration ahead of a commercial launch targeted for Q4 2026 .