AGM Group Holdings Inc. - AGMH STOCK NEWS

AGM Group Holdings (AGMH) reported a remarkable financial performance for the first half of 2022, achieving total revenues of $113.6 million, a significant 209.5% increase from the previous period. The net income soared to $14.6 million, marking a 313.6% rise. The company's computing power delivered reached approximately 985,688 TH/S. Despite challenges from the Bitcoin price decline and China's COVID-19 lockdown, AGMH maintained a 19% profit margin, the highest recorded. The outlook remains optimistic, focusing on expansion and technological innovation.

AGM Group Holdings Inc. (NASDAQ: AGMH) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on May 16, 2022. The report includes audited consolidated financial statements and is available on the Company's website and the SEC's site. Shareholders can request a hard copy of the report free of charge. Established in April 2015, AGMH provides fintech software services and high-performance hardware.

AGM Group Holdings Inc. (AGMH) reported robust financial results for Q4 and full year 2021, indicating significant growth in the cryptocurrency mining sector. Q4 revenues soared to $31.37 million, a dramatic increase from $13,595 in Q4 2020, while full-year revenues reached $36.71 million, up from $53,305 in 2020. Net income for Q4 was $3.84 million, reversing a loss from the prior year. The company delivered 440,000 TH/S of computing power. AGMH is also planning a strategic relocation to North America, aiming to further enhance its market growth.

AGM Group Holdings Inc (NASDAQ: AGMH) announced it will report unaudited financial results for the fourth quarter and full year ended December 31, 2021, on April 26, 2022, prior to U.S. market opening. A conference call will follow at 8:00 AM ET on the same day. The company focuses on fintech software services and high-performance hardware production. AGM aims to be a key player in the global fintech and blockchain ecosystem.

AGM Group Holdings Inc. (NASDAQ: AGMH) has successfully delivered 1,335 Bitcoin mining machines to Meten Holding Group Ltd. (NASDAQ: METX) as part of a strategic partnership. This collaboration aims to develop a blockchain ecosystem by integrating technology, products, and services. Mr. Chenjun Li, Co-CEO of AGMH, highlighted that the delivery was achieved despite global supply chain disruptions, showcasing the company's execution capabilities. Both companies express optimism about enhancing their blockchain initiatives moving forward.

AGM Group Holdings Inc. (Nasdaq: AGMH) completed a registered direct offering of 2,898,552 Class A ordinary shares and a private offering of warrants for 1,449,276 Class A ordinary shares, raising approximately $20 million. This offering was conducted under a shelf registration statement filed with the SEC. The shares were registered, while the warrants and underlying shares are exempt from registration requirements. The law firm Ortoli Rosenstadt LLP represented AGM Group in this transaction, which could potentially enhance the company’s liquidity and growth prospects.

AGM Group Holdings Inc. (AGMH) has completed a registered direct offering and private placement, raising approximately US$20 million in gross proceeds. The offering includes 2,898,552 Class A ordinary shares priced at $6.90 each, with investors receiving one-half unregistered warrant per share. The 3.5-year warrants, exercisable at $8.30, total 1,449,276. Proceeds will support research and development, equipment sourcing, and talent recruitment, bolstering AGMH’s position in the blockchain ecosystem.

AGM Group Holdings Inc. (NASDAQ: AGMH) has announced a registered direct offering of $20 million of its Class A ordinary shares, expected to close around December 14, 2021. The offering includes 2,898,552 shares priced at $6.90 each, with investors also receiving warrants. Each share sold will be paired with one-half of a warrant, totaling 1,449,276 warrants at a strike price of $8.30. FT Global Capital, Inc. is the exclusive placement agent. The offering will be conducted under an effective shelf registration statement.

AGM Group Holdings Inc. (AGMH) reported its unaudited financial results for Q3 2021, highlighting significant growth in revenue and profitability. Total revenues soared to $5.34 million, up from $31,261 the previous year, largely due to the sale of cryptocurrency mining machines. Gross profit reached $0.71 million, marking a substantial increase. AGMH reversed its net loss to a net income of $0.20 million, compared to a loss of $0.32 million in Q3 2020. The company also secured multiple large purchase orders for its mining machines, reinforcing its market position amid ongoing semiconductor shortages.