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Manufacturers
Business Description
Goldshell, founded in 2017 and headquartered in Shanghai with additional offices in Hangzhou, Hong Kong, and Singapore, designs and manufactures ASIC mining hardware for retail and semi-professional cryptocurrency miners across multiple proof-of-work algorithms.
The company organizes its product catalog into five platform tiers (BOX, LITE, MAX, ECHO, and the BYTE), each calibrated to a different deployment context. BOX-series units are compact, low-noise machines aimed at residential use; the KD-BOX targets Kadena's KHeavyHash algorithm at 1.6 TH/s and 205W, running at ≤35 dB. The MAX tier scales to higher throughput: the KD MAX delivers 40.2 TH/s on Kadena at 3,350W in a 200 × 264 × 290 mm chassis. The ECHO series, launched on the company's fifth anniversary, integrates power supplies and runs at 45, 55 dB; the E-KA1M mines Kaspa at 5.5 TH/s from a 1,800W draw. Across its lineup, Goldshell covers at least seven algorithms: Scrypt (LTC/DOGE), Blake3 (Alephium), KHeavyHash (Kaspa), SHA-3X (Tari), zkSNARK (Aleo), HNS (Handshake), and Blake2B (Siacoin).
In March 2025, Goldshell unveiled the BYTE at Mining Disrupt 2025 (Booth #15), a modular desktop unit weighing 0.4 kg and measuring 135 × 63 × 106 mm. The BYTE uses hot-swappable hash cards (AE, DG, AL, and XT variants), enabling zero-downtime algorithm switching and simultaneous dual-algorithm mining at ≤45 dB. Retail pricing ranges from $254 to $691 depending on card configuration.
The company's corporate parent is Intchains Group Limited (NASDAQ: ICG), which completed the acquisition of Goldshell brand-related assets from GOLDSHELL PTE. LTD., a Singapore-registered entity, on February 28, 2024. Intchains operates a fabless model, retaining front-end and back-end IC design in-house; R&D headcount exceeds 70% of total staff, with the core team averaging more than a decade of integrated-circuit experience. Financially, Intchains reported Q1 2025 revenues of US$18.2 million, up 445.5% year-over-year, on ASIC chip sales volume of 709,857 units (+43.6% versus Q1 2024). Q3 2024 revenue had already reached US$8.6 million, up 781.4% year-over-year, with 207,838 chips sold.
In Q3 2024, Intchains launched Goldshell Pay, a blockchain payment solution targeting merchants, alongside plans to commercialize a hardware cryptocurrency wallet by Q4 2024, positioning the brand beyond stand-alone mining hardware into broader Web3 infrastructure. With the modular BYTE platform now shipping and new ASIC designs ramped through early 2025, Goldshell is broadening its addressable hardware market across both home and portable deployment segments.
