Latest news with #Aleo
Yahoo
26-05-2025
- Business
- Yahoo
Intchains Group Ltd (ICG) Q1 2025 Earnings Call Highlights: Surging Revenue and Strategic ...
Release Date: May 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Intchains Group Ltd (NASDAQ:ICG) reported a significant revenue increase of 78.5% quarter over quarter, reaching $18.2 million, exceeding their guidance range. Gross margin improved substantially to 56.9%, up from 26.2% in the previous quarter, indicating enhanced product optimization and operational efficiency. Operating income turned positive at $5.1 million, marking a strong recovery from the previous quarter's loss. The company successfully launched new mining products, such as the IU series miners, which accounted for nearly 75% of total revenue. ICG's strategic focus on niche altcoin mining products has allowed them to maintain higher gross margins than the industry average for Bitcoin miners. The company faced a non-cash revaluation loss of $9.8 million on its cryptocurrency holdings due to a significant price drop. Net income was negatively impacted, resulting in a decline to $4.7 billion compared to the previous quarter. Non-GAAP net income was negative $4.4 million, showing a decline from the previous quarter. Despite strong revenue, the company still faces challenges from macroeconomic conditions and cryptocurrency market volatility. High inventory levels remain a concern, with potential risks of needing to adjust prices based on market conditions. Warning! GuruFocus has detected 3 Warning Signs with ICG. Q: With 75% of revenue derived from Aleo chips and miners in Q1, how should we think about the mix of the company's mining rigs in Q2 and the rest of the year? A: (CFO) We are optimistic about Dogecoin's future and will continue to upgrade our Dodge Miner program. We aim to become the top supplier in the coin mining industry. Future revenue will come from Aleo miners, new miners, and potentially new launches in Q2 or Q3. The revenue mix will depend on market conditions. Q: Can you discuss the potential of the new dual miner, Goldshell Buy, in terms of revenue generation and timing? A: (CFO) Goldshell Buy, launched in March 2025, supports mining of cryptocurrencies like Aleo and Bitcoin. It addresses the need for flexible mining cards, allowing miners to switch based on market conditions. This product helps standardize hardware design and lowers entry barriers, encouraging more participation in crypto mining. Q: Inventories remain high; what can we expect for the rest of the year? A: (CFO) Most inventory is related to Dogecoin miners and Aleo miner chips. We will adjust prices based on market conditions and aim to sell rather than write off inventory, but it depends on future market conditions. Q: What feedback led to the development of Goldshell Buy, an all-in-one mining device? A: (CFO) Goldshell Buy was well-received by individual miners, expanding our customer base. It serves as an entry point for new customers, while professional miners maintain them. Although it may not significantly impact revenue individually, it broadens our customer base and positively impacts revenue. Q: Should we expect higher R&D spending this year given plans for new product launches? A: (CFO) We cannot predict R&D spending precisely as it depends on project progress. We launched 33 new projects rapidly last year and early this year, and while some projects are ongoing, the timing of further R&D expenditure is uncertain. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
Aleo Gains Business Development Vet BJ Mahal as Head of Partnerships
Former Naval Officer Brings Experience from Apple, Mastercard, and FalconX During Distinguished Tech Career SAN FRANCISCO, May 13, 2025--(BUSINESS WIRE)--The Aleo Network Foundation (Aleo), the leading platform for building private, secure, scalable, and programmable Web3 applications, today announced the appointment of BJ Mahal as Head of Partnerships. In this role, Mahal will lead strategic collaborations, expand ecosystem alliances, and drive adoption of Aleo's groundbreaking zero-knowledge technology across Web3 and enterprise sectors. Bringing over two decades of experience in business development and strategic partnerships across the blockchain, fintech, and technology sectors, Mahal's impressive career includes key roles at prominent companies such as FalconX, Apple, Mastercard, Deloitte, Microsoft, and Goldman Sachs. Most recently, he served as Head of Partnerships at FalconX, a leading digital asset trading platform, where he successfully expanded the company's strategic alliances and market presence. "We are thrilled to welcome BJ to the team," said Leena Im, Chief Operating Officer of the Aleo Network Foundation. "His extensive experience and proven track record in forging impactful partnerships make him an invaluable addition as we continue to scale and empower developers, enterprises, and communities with privacy-first solutions." Mahal shared his enthusiasm about joining Aleo: "Aleo's commitment to privacy, decentralization, and empowering developers aligns perfectly with my vision for the future of Web3. I'm excited to build meaningful partnerships that will drive innovation and adoption in this space." Aleo is the first developer platform to offer fully private applications with the power of zero-knowledge cryptography. By enabling decentralized, scalable, and secure applications, Aleo empowers developers to build a more private and user-centric web. With Mahal onboard, Aleo is poised to strengthen its position as a leader in the privacy-first blockchain space. About Aleo Aleo is building the infrastructure for the next generation of private, decentralized applications. Using zero-knowledge cryptography, Aleo enables scalable, off-chain execution with on-chain verification — delivering privacy without compromising programmability. Developers can build powerful, secure applications without exposing user data. As the industry continues to push toward more secure and privacy-first solutions, Aleo remains committed to making privacy a native, accessible feature for all builders on the decentralized web. For more information about Aleo and to stay updated on its latest developments, visit View source version on Contacts SutherlandGoldaleo@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
13-05-2025
- Business
- Business Wire
Aleo Gains Business Development Vet BJ Mahal as Head of Partnerships
SAN FRANCISCO--(BUSINESS WIRE)-- The Aleo Network Foundation (Aleo), the leading platform for building private, secure, scalable, and programmable Web3 applications, today announced the appointment of BJ Mahal as Head of Partnerships. In this role, Mahal will lead strategic collaborations, expand ecosystem alliances, and drive adoption of Aleo's groundbreaking zero-knowledge technology across Web3 and enterprise sectors. Bringing over two decades of experience in business development and strategic partnerships across the blockchain, fintech, and technology sectors, Mahal's impressive career includes key roles at prominent companies such as FalconX, Apple, Mastercard, Deloitte, Microsoft, and Goldman Sachs. Most recently, he served as Head of Partnerships at FalconX, a leading digital asset trading platform, where he successfully expanded the company's strategic alliances and market presence. 'We are thrilled to welcome BJ to the team,' said Leena Im, Chief Operating Officer of the Aleo Network Foundation. 'His extensive experience and proven track record in forging impactful partnerships make him an invaluable addition as we continue to scale and empower developers, enterprises, and communities with privacy-first solutions.' Mahal shared his enthusiasm about joining Aleo: 'Aleo's commitment to privacy, decentralization, and empowering developers aligns perfectly with my vision for the future of Web3. I'm excited to build meaningful partnerships that will drive innovation and adoption in this space.' Aleo is the first developer platform to offer fully private applications with the power of zero-knowledge cryptography. By enabling decentralized, scalable, and secure applications, Aleo empowers developers to build a more private and user-centric web. With Mahal onboard, Aleo is poised to strengthen its position as a leader in the privacy-first blockchain space. About Aleo Aleo is building the infrastructure for the next generation of private, decentralized applications. Using zero-knowledge cryptography, Aleo enables scalable, off-chain execution with on-chain verification — delivering privacy without compromising programmability. Developers can build powerful, secure applications without exposing user data. As the industry continues to push toward more secure and privacy-first solutions, Aleo remains committed to making privacy a native, accessible feature for all builders on the decentralized web. For more information about Aleo and to stay updated on its latest developments, visit
Yahoo
13-05-2025
- Business
- Yahoo
Aleo Announces Former Circle Financial Exec Hawkins as EVP Strategy, Policy & Communications
Hawkins Was Instrumental in Strategy, Marketing & Communications That Helped Drive Global Adoption of the USDC Stablecoin, Will Play Central Role at Aleo in Shaping Privacy and Security, Pioneering Voice and Policy Engagements SAN FRANCISCO, May 13, 2025--(BUSINESS WIRE)--The Aleo Network Foundation (Aleo), the leading platform for building private, secure, scalable, and programmable Web3 applications, today announced the appointment of Josh Hawkins as Executive Vice President of Strategy, Policy & Communications. Hawkins joins from Circle Financial, the global fintech firm behind the $60 billion USDC stablecoin, where he served as Senior Vice President of Marketing & Communications, most recently building a team in Strategy and Policy focused on strategic positioning and global thought leadership, playing a central role in shaping the company's voice and executive presence. At Circle, Hawkins helped guide the company through its rapid ascent as one of the most trusted names in digital assets. He led global communications strategy during critical moments of industry evolution, helped manage regulatory engagement across key markets around the world, and was a public voice for transparency, trust, and responsible innovation in crypto. His leadership extended beyond media and messaging — helping Circle navigate policy frameworks, expand its global footprint, and build institutional confidence in the crypto economy. At Aleo, Hawkins will oversee global communications and policy. His focus will be on amplifying Aleo's mission to bring programmable privacy to the Web3 world and the enterprise while helping shape the broader conversation around privacy, security, and compliance in the decentralized internet. "Aleo is playing a critical role in enabling blockchain to deliver on its true potential by offering the most secure privacy in the history of technology," said Hawkins. "The teams commitment to open-source values, cutting-edge cryptography, and thoughtful engagement with policy and developer communities is exactly what the industry needs. I'm looking forward to joining this exceptional team to help scale that vision globally." "We're excited to welcome Josh to Aleo," said Leena Im, Chief Operating Officer of the Aleo Network Foundation. "His deep expertise at the intersection of communications, policy, and fintech will be invaluable as we grow our presence in the global Web3 ecosystem. Josh's leadership will help position Aleo as not just a technology leader, but a public voice for what responsible privacy can look like on the internet." Aleo is backed by top-tier investors including a16z, Haun Ventures, SoftBank, Samsung Next, and others. In 2024, Aleo announced a strategic partnership with Google Cloud to support the deployment and scalability of zero-knowledge applications with a robust developer infrastructure. About Aleo Aleo is building the infrastructure for the next generation of private, decentralized applications. Using zero-knowledge cryptography, Aleo enables scalable, off-chain execution with on-chain verification — delivering privacy without compromising programmability. Developers can build powerful, secure applications without exposing user data. As the industry continues to push toward more secure and privacy-first solutions, Aleo remains committed to making privacy a native, accessible feature for all builders on the decentralized web. For more information about Aleo and to stay updated on its latest developments, visit View source version on Contacts SutherlandGold, aleo@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Gulf Today
26-03-2025
- Business
- Gulf Today
Christopher Aleo defends Lesotho: 'A strategic resource for Africa and the world'
Swiss-Italian financier and entrepreneur Christopher Aleo, founder and CEO of iSwiss Bank, has spoken out forcefully in defense of the Kingdom of Lesotho following controversial remarks by former US President Donald J. Trump, who recently dismissed the southern African country as 'a place nobody's ever heard of.' Aleo's response, however, was anything but dismissive. 'While I fully recognize the significant role President Trump has played in shaping global discussions, his recent statement regarding Lesotho is a misstep — both politically and strategically,' Aleo said. 'At a time when the world is looking more and more to Africa for its future, it is not only unwise but deeply short-sighted to underestimate a country like Lesotho.' Lesotho's Role in a Changing Global Landscape Often overlooked on the geopolitical map, Lesotho is a landlocked, mountainous country entirely surrounded by South Africa. Despite its modest size, it plays a disproportionately important role in southern Africa's water security, energy supply, mineral exports, and regional industrial stability. 'Lesotho provides nearly 50% of the potable water used by South Africa's industrial and residential sectors,' Aleo noted. 'Its water infrastructure is of regional significance. Its highlands are rich in diamonds and other rare minerals — many of which are vital to advanced technologies highly sought after by global powers, including the U.S. itself.' But Aleo emphasizes that Lesotho's real power lies in its human capital. 'It is a country of young people with energy, ideas, and a growing sense of agency. It's time we look at countries like Lesotho not as aid recipients, but as rising economic partners.' iSwiss Bank's Vision: Long-Term, Inclusive, Green Under Aleo's leadership, iSwiss Bank has made Lesotho a central pillar in its Africa strategy, officially launching operations in Maseru in 2024. The bank's mission is to act as both a provider of modern financial tools and as a conduit for global investment into projects with high impact and local benefit. 'Our focus is not speculative,' Aleo emphasized. 'We're here to stay. We are building systems — not just making transactions.' Key iSwiss initiatives in Lesotho include: The launch of a large-scale photovoltaic solar park, the first of its kind in southern Africa, funded entirely through an innovative energy securitization model managed by iSwiss Hedge Fund;The development of a Free Economic Zone, designed to attract international investors through favorable regulatory frameworks and infrastructure;Investments in the textile sector, one of Lesotho's most dynamic industries, with a goal of enhancing value-added production and boosting job creation;Support for diamond sector modernization, including in-country cutting and polishing facilities to retain more wealth locally. In addition to economic initiatives, iSwiss is also focusing on financial inclusion and youth empowerment by partnering with universities, incubators, and NGOs to deliver training, access to capital, and microcredit services for young entrepreneurs. Cooperation with Leadership and Institutional Reform Aleo also enjoys a close working relationship with Lesotho's President, Sam Matekane, whom he describes as 'a visionary and reform-minded leader with a pragmatic approach to growth.' 'The government of Lesotho has shown that it's serious about becoming a modern, connected economy,' Aleo said. 'They're not just asking for help; they're building the conditions for partnerships.' The Free Economic Zone initiative is seen as one of the most ambitious projects in the country's recent history, and could serve as a blueprint for other African nations seeking to attract private capital while preserving national sovereignty. Already, neighboring countries have begun inquiring about the iSwiss model, according to Aleo. Changing the Narrative on Africa Beyond the specifics of Trump's comments, Aleo believes the real issue is how Africa is still perceived by many global leaders and institutions. 'For too long, the continent has been cast either as a place of need or a resource to be extracted. That binary thinking is obsolete. Africa is diverse, dynamic, and essential to solving global challenges — from climate resilience to food security and energy.' He calls for a reorientation of international business mindsets: 'Africa is not just the next market; it is already shaping the next phase of globalization. Ignoring that is not just disrespectful — it's a strategic mistake.' Looking Ahead As part of iSwiss Bank's long-term plan, Aleo intends to double the group's operational presence in Lesotho by the end of 2025, expand into new sectors including agritech and logistics, and continue building bridges between African innovation and European capital. 'Investing in Lesotho today means investing in a future of cooperation, resilience, and shared prosperity,' Aleo concluded. 'We're proud to be part of this journey, and we invite others — from the public and private sectors alike — to do the same.'
