BEIJING, Dec. 24, 2024 — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), a technology firm specializing in assembling and selling high-performance hardware and computing equipment, issued a statement from CEO Dr. Bo Zhu today, outlining the Company’s growth plans and future cryptocurrency initiatives.
Dr. Zhu, a seasoned computer software entrepreneur, leads AGM Holdings. He joined in May 2021 as Chief Strategy Officer (CSO) and became CEO and director in October 2023. Dr. Zhu holds a PhD in Computer Science and Technology from Zhejiang University (2013) and has authored over 20 research papers, 19 indexed in SCI/EI.
AGM Holdings’ Key Achievements
- Strategic Alliances: In 2021, AGM Holdings partnered with Shenzhen Highsharp (Shenzhen Gaorui) Electronic Ltd. (“HighSharp”) to enhance ASIC chip R&D and mining equipment offerings.
- Significant Contracts: AGM Holdings secured contracts in 2021, including:
i. 30,000 ASIC miners for Nowlit Solutions Corp (“Nowlit”).
ii. 25,000 MinerVa MV7 ASICs for MinerVa Semiconductor Corp.
iii. 1,500 Bitcoin miners for Meten Holding Group Ltd.
These agreements underscore the Company’s commitment to digital currency market expansion.
Strategic Positioning and Sustainable Growth
Recent highlights of AGM Holding’s strategic positioning include:
- Joint Venture: In December 2024, AGM Holdings collaborated with Nowlit to establish a 375MW data center in Canada for Bitcoin mining and AI computing.
- Canaan Creative Global Pte Ltd. Partnership: In December 2024, AGM Holdings acquired 2,000 A15 series water-cooled mining machines.
Future Outlook
The growing technology revolution and broader cryptocurrency adoption are driving demand for high-performance computing and data centers. Technology development and application will depend on robust hardware and software ecosystems—an area where the Company has considerable expertise. Computationally intensive processes like cryptocurrency mining and blockchain operations necessitate significant computing power and cost-effective energy, offering opportunities for AGM Holdings. AGM Holdings aims to be a major player in the global technology hardware supply chain and blockchain ecosystem, creating long-term value for the company, partners, and shareholders.
About AGM Group Holdings Inc.
AGM Group Holdings Inc. (NASDAQ: AGMH) is a technology company specializing in assembling and selling high-performance hardware and computing equipment. Focused on becoming a key player in the global blockchain ecosystem, AGMH researches and develops blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, and assembles and sells high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit .
Forward-Looking Statements
This announcement contains forward-looking statements. These statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Forward-looking statements can be identified by words like “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company does not undertake to update or revise publicly any forward-looking statements, except as required by law. While the Company believes these expectations are reasonable, actual results may differ materially. Investors should review other factors that may affect future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
AGM Group Holdings Inc.
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Ascent Investor Relations LLC
Tina Xiao
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Phone: +1-646-932-7242
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SOURCE AGM Group Holdings Inc.
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