BEIJING, Dec. 20, 2024 — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), a technology firm specializing in high-performance hardware and computing, today announced an investment intention agreement with Canadian partner NOWLIT Solutions Corp. (“Nowlit”), an energy technology company focused on energy solutions and data center infrastructure in Canada, to provide green energy data center and cryptocurrency computing resources. This move supports AGM Holdings’ North American expansion strategy within the AI and data center market.

Under the agreement, Nowlit will contribute its 50 megawatts (MW) of data center assets to AGM Energy Corp. (“AGM Energy” or the “JV”), the Canadian joint venture between AGM Holdings and Nowlit. Led by Nowlit’s founder, Mr. Ma, the JV will significantly expand capacity. The initial 50MW will support over 6,800 high-performance computing servers, providing approximately 2,457 petahashes (P) of computing power.

AGM Energy plans to develop additional Canadian data centers over the next two years, adding an average of 20MW per month, reaching a projected 375MW total capacity. The JV will also leverage industry partnerships to boost computing power. Total computing power is expected to reach 18,427P within two years.

This expansion demonstrates AGM Holdings’ commitment to the data center sector. By meeting the growing demand for digital assets and utilizing its hardware and software expertise, the Company is well-positioned to benefit from the AI revolution, fostering sustainable growth.

About NOWLIT Solutions Corp.

Founded in 2013, NOWLIT Solutions Corp. is a Canadian high-performance computing and data center provider. It offers complete solutions, including hardware, hosting, and setup. It also supports the blockchain ecosystem through hardware, software, and services. Nowlit has invested in large-scale oil and gas fields and develops data center infrastructure and bitcoin mining farms. For more information, please visit .

About AGM Group Holdings Inc.

AGM Group Holdings Inc. (NASDAQ: AGMH) is a technology company focused on assembling and selling high-performance hardware and computing equipment. Aiming to be a key player in the global blockchain ecosystem, AGMH develops blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips and high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit .

Forward-Looking Statements

This announcement contains forward-looking statements, which involve risks and uncertainties and are based on current expectations. These statements can be identified by words like “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” etc. The Company is not obligated to update these statements unless required by law. While the Company believes these statements are reasonable, actual results may differ significantly. Investors should review the Company’s SEC filings for more information.

For more information, please contact:

AGM Group Holdings Inc.
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Ascent Investor Relations LLC
Tina Xiao
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SOURCE AGM Group Holdings Inc.

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