BEIJING, Nov. 3, 2021 /PRNewswire/ -- AGM Group Holdings
Inc ("AGMH" or the "Company")
(NASDAQ: AGMH), an integrated technology company focusing on
providing fintech software services and producing high-performance
hardware and computing equipment, announced today that it has won a
purchase order (the "Order") from Code Chain New Continent
Limited ("Code Chain" or "CCNC") (NASDAQ: CCNC), a
vertically integrated cryptocurrency miner, for cryptocurrency
mining machines.
Pursuant to the Order agreement, AGMH is expected to deliver
10,000 units of 100 TH/S KOI mining
machines worth US$65 million in the second half of
2022. This agreement also provides Code Chain with an option
to purchase 10,000 additional mining machines.
Mr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented:
"We are very pleased with this collaboration with Code Chain, and
we believe it is a fantastic step forward for both parties. This
Order signifies that the quality of our mining equipment is
recognized in the industry. This will further strengthen our
ability to serve a broad and growing client base. Looking ahead, we
will continue to enhance our expertise, technology, and talent to
explore business opportunities while helping our clients to
innovate and thrive in the evolving cryptocurrency market."
Mr. Tingjun Yang, Chief Executive
Officer of Code Chain, said, " Our team is excited to partner with
AGMH. The collaboration will provide us with a long-term and stable
supply of mining equipment, marking a major milestone in our
continued mining expansions."
About AGM Group Holdings Inc.
Incorporated in April 2015 and
headquartered in Beijing, China,
AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology
company focusing on providing fintech software services and
producing high-performance hardware and computing equipment. AGMH's
mission is to become one of the key participants and contributors
in the global fintech and blockchain ecosystem. For more
information, please visit www.agmprime.com.
About Code Chain New Continent Limited
Code Chain New Continent Limited engages in the research,
design, and development of electronic tokens that combine the
five-W elements (when, where, who, why, what), geographic location
via the Beidou satellite system, and identity information using
Code Chain technology. The electronic tokens are unique, tradable,
and inheritable digital assets and cannot be tampered with. The
electronic tokens are based on and stored in the Code Chain system
and can be used to monitor and document all kinds of consumer
behaviors that involve code-scanning. The Company has recently
diversified its business into Bitcoin mining and is committed to
becoming a vertically integrated cryptocurrency miner.
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning 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 defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. All statements other than statements of historical fact
in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates, but involve
a number of unknown risks and uncertainties, Further information
regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
For more information, please contact:
In China:
At the Company:
Email: ir@agmprime.com
The Blueshirt Group
Ms. Feifei Shen
Phone: +86 13466566136
Email: feifei@blueshirtgroup.com
The Blueshirt Group
Ms. Suwen Feng
Phone: +86 139-1711-0134
Email: suwen@blueshirtgroup.com
In the United States:
The Blueshirt Group
Ms. Julia Qian
Phone: +1 973-619-3227
Email: Julia@blueshirtgroup.com
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SOURCE AGM Group Holdings Inc.