Oct. 29 at 2:59 PM
$ICG looks interesting semiconductor play asics goldshell have treasury seems double bottom.
Bull case:
$ICG trades at 1.0x 2025E sales (
$130M cap /
$130M rev) and 0.5x cash (
$81M cash), with
$25M ETH treasury (0.2x cap).
445% YoY Q1 rev + 50% ETH/altcoin rally = 3x–6x upside to
$4–
$7 (3–5x sales, 10–15x FCF). Aleo
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