The invention relates to an ice auger, and more specifically the invention relates to cutting means of an ice auger. Known problem of ice augers is that different ice conditions require various ice augers with different characteristics. When drilling hard ice, an ice auger having a steep inclination angle of cutting blades is useful, because it can bite hard the ice. In other ice conditions, the same ice auger may bite the ice too hard, which can make drilling very laborious. According to an embodiment of the invention, an ice auger comprises an adjustment part arranged in connection with a cutting blade of said ice auger for adjusting cutting characteristic of the cutting blade, which may provide an ice auger suitable for different kinds of ice conditions.