📉 Intchains is taking a very different direction after a brutal first half.
Revenue reportedly collapsed 94%, and the Nasdaq-listed crypto company no longer expects to make “material” new crypto accumulation.
What caught my attention is that the company still has around $68M in cash — but the strategy is shifting toward a new ASIC and early-stage AI opportunities.
To me, this shows how quickly crypto-focused companies are adapting when the original business model stops delivering.
The big question now is whether the AI pivot can create better returns than simply adding more crypto to the balance sheet.
#Crypto #AI #Ethereum #bitcoin #Web3
Revenue reportedly collapsed 94%, and the Nasdaq-listed crypto company no longer expects to make “material” new crypto accumulation.
What caught my attention is that the company still has around $68M in cash — but the strategy is shifting toward a new ASIC and early-stage AI opportunities.
To me, this shows how quickly crypto-focused companies are adapting when the original business model stops delivering.
The big question now is whether the AI pivot can create better returns than simply adding more crypto to the balance sheet.
#Crypto #AI #Ethereum #bitcoin #Web3