AGM Group Announces Significant Order for 25,000 Digital Currency Mining Machines
21 Octubre 2021 - 9:00AM
NEWSBTC
BEIJING, China, October 21, 2021, – AGM Group Holdings Inc.
(“AGMH” or the “Company”) (Nasdaq: AGMH), an integrated technology
company focused on providing fintech software services and
producing high-performance hardware and computing equipment, today
announced that it agreed to supply MinerVa Semiconductor Corp.
(“MinerVa”) with 25,000 units of its 100 TH/S MinerVa MV7 ASIC to
build the MinerVa family of crypto miners. MinerVa is a
premier high-performance ASIC design and manufacturing company and
is the exclusive distributor of industrial-grade crypto miners to
leading global large-scale mining companies. MinerVa has
influential relationships and resource networks within the Fintech
and Blockchain ecosystems and provides top-tier end-to-end
technology solutions to notable global blockchain players like
Terawulf Inc. and TrueNorth Data Solutions. The Company will
soon receive a US$20 million deposit for the crypto miners.
The remainder of the order value will be paid before delivery
commences. Mr. Steven Sim, Chief Financial Officer of AGMH,
commented, “This order builds on the previous Nowlit order from
October 13th and is a testament to the effectiveness of our new
growth strategy as we continue to solidify our pioneering position
in the market. The purchase enables us to increase our
cashflow, which gives us a sound financial footing as we begin our
plans for mass production in 2022. Leveraging our advanced hardware
and computing equipment production capabilities, we believe we are
well-positioned to capture the vast growth opportunities in this
thriving industry.” 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. 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: At the Company: Email:
ir@agmprime.com Investor Relations: Sherry Zheng Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com Phone: +1-718-213-7386
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