AGM Group Holdings Inc. Announces First Significant Order of 30,000 Digital Currency Mining Machines


BEIJING, China, October 13, 2021 – AGM Group Holdings Inc. (“AGMH” or the “Company”) (Nasdaq: AGMH), an built-in know-how firm specializing in offering fintech software program providers and producing high-performance {hardware} and computing tools, at this time introduced that it has obtained a purchase order order (the “Order”) from Nowlit Solutions Corp, a number one digital foreign money tools provide chain providers and consultancy firm in North America with robust relationship and useful resource inside the Fintech and Blockchain ecosystems having provided main world gamers together with Lake Parime USA Inc. and StrongHold Digital Mining. Pursuant to the phrases of the Order, the Company shall ship 30,000 items of 100 TH/S ASIC crypto miners with an combination working hash energy of 3000 PH/S to Nowlit Solutions inside the fourth quarter of 2021.

Mr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented, “We are excited to announce this first purchase order from Nowlit Solutions, which is another remarkable progress we had made since the announcement of the company’s new growth strategy and the strategic partnership with HighSharp Electronic Technology Co. The fulfillment of the order in the next couple of months will accelerate our completion of the target USD 100M of orders which will bring forward the formation of the Joint Venture with HighSharp and our goal to position the company as a cutting edge player in the next generation product research and development in the industry. We look forward to cooperating with more technology companies to seize the enormous business opportunities from this dynamic and fast-growing industry.”

Strategic Partnerships For Growth

AGM Group Holdings is dedicated to hitting the $100 million gross sales mark within the subsequent six months. Nowlit, along with beforehand introduced partnerships, will allow the corporate to achieve $100 million in orders, a set minimal threshold following the partnership with HighSharp.

AGM, in partnership with Nowlit and HighSharp, will produce main crypto miners for the business with best-in-class efficiency. This may even allow AGM to broaden its attain and faucet right into a broader miner market.

About AGM Group Holdings Inc.

Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an built-in know-how firm specializing in offering fintech software program providers and producing high-performance {hardware} and computing tools. AGMH’s mission is to turn into one of the important thing contributors and contributors within the world fintech and blockchain ecosystem. For extra data, please go to www.agmprime.com.

Forward-Looking Statements

This information launch comprises “forward-looking statements” inside the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as outlined within the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology akin to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and comparable statements. All statements aside from statements of historic truth on this press launch are forward-looking statements and contain sure dangers and uncertainties that might trigger precise outcomes to vary materially from these within the forward-looking statements. These forward-looking statements are based mostly on administration’s present expectations, assumptions, estimates, and projections in regards to the Company and the business during which the Company operates, however contain a quantity of unknown dangers and uncertainties, Further data relating to these and different dangers is included within the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to replace forward-looking statements to mirror subsequent occurring occasions or circumstances, or modifications in its expectations, besides as could also be required by legislation. Although the Company believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that such expectations will turn into right, and precise outcomes might differ materially from the anticipated outcomes. You are urged to contemplate these elements rigorously in evaluating the forward-looking statements contained herein and are cautioned to not place undue reliance on such forward-looking statements, that are certified of their entirety by these cautionary statements.



Source link