Shanghai Conglian Information Technology Co. Ltd.

It is reported that Intchains Group Limited, the substantial holding company of Shanghai Conglian Information Technology Co., Ltd., is listed on the NASDAQ stock exchange in the United States under the symbol “ICG”. It was secretly submitted to the SEC on January 18, 2022. The prospectus shows that the company’s business and financial condition are highly correlated with the market price of cryptocurrency. Almost all of the company’s revenue comes from selling ASIC chips for cryptocurrency mining machines. The company indicated in the prospectus that the current cryptocurrency market price has fluctuated as a whole, or may have an adverse impact on the company’s business, financial condition, and operating performance. Cong Chain Group, which focuses on cryptocurrency mining business, is listed on NASDAQ Analysis based on this information:Intchains Group Limited, a holding company of Shanghai Conglian Information Technology Co., Ltd., has been listed on the NASDAQ stock exchange in the United States under the symbol “ICG”. The filing was done…