AGM Group Holdings Inc. Announces Strategy of its Blockchain Business with Bitcoin Miner Production and High-performance Chip Solutions As Core Development
AGM Group Holdings Inc. (NASDAQ: AGMH) announced a strategic focus on enhancing its crypto miner business and ASIC chip R&D on Aug. 24, 2021. The company launched its KOI MINER C16, featuring a hash rate of 113 TH/s and power efficiency of 30 J/T, outperforming competitors like Bitmain's Antminer S19 pro. Co-CEO Chenjun Li highlighted rising institutional demand for high-end miners. AGMH's fintech team aims to integrate blockchain technologies like NFTs and DeFi into its services, enhancing client value.
- Launch of KOI MINER C16 with 113 TH/s hash rate and 30 J/T efficiency.
- Product performance surpasses competitors, increasing market competitiveness.
- Increased institutional investment in blockchain and crypto drives demand.
- Experienced team in ASIC design supports growth strategy.
- None.
BEIJING, Aug. 24, 2021 /PRNewswire/ -- AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ: AGMH), an integrated technology company focusing on blockchain-oriented ASIC chip design, advanced crypto miner production, and fintech software service, today announced its growth strategy mainly focusing on crypto miner business and high-performance ASIC chip research and development, and supplemented by development of blockchain and fintech applications. AGMH has assembled a team of industry veterans in high-performance chip designs and blockchain applications to support its growth strategy.
Latest release of AGMH's in-house branded Bitcoin Miner - KOI MINER C16 ("C16") has a hash rate up to 113 TH/s and a power efficiency ratio of 30 J/T, supporting the mining of Bitcoin, Bitcoin Cash and other cryptocurrencies. C16's parameters have surpassed its peer miners including Bitmain's Antminer S19 pro and Canaan's AvalonMiner1246.
Mr. Chenjun Li, Co-CEO of the Company, commented, "With increased institutional investment and attention to blockchain and cryptocurrencies, many large listed crypto mining companies in the United States and Canada have demonstrated a huge demand for high-end Bitcoin miners, and we expect that our C16 miners have the opportunity to secure a considerable amount of orders in this trend."
In implementing the strategy, AGMH's fintech product team remains actively researching and seeking opportunities to introduce blockchain-based NFT and Defi technologies into existing products and services, aiming to provide more values to clients.
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 high-performance ASIC chip solutions including chip design, chip research and development, and crypto miner production. It also provides fintech software services. AGMH is one of the few companies listed on a U.S. stock exchange with both ASIC chip design and crypto miner production capabilities and its released crypto miner has competitive product performance and parameters. AGMH's mission is to become one of the key participants and contributors in the global 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
View original content:SOURCE AGM Group Holdings Inc.
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