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AGM Group Holdings Inc. (NASDAQ: AGMH) is an investment holding company headquartered in Beijing, China. Incorporated in April 2015, the company specializes in blockchain-oriented ASIC chip design, the production of high-end cryptocurrency mining equipment, and fintech technology software services.
AGMH's core business revolves around the sale of cryptocurrency mining machines and standardized computing equipment, which generate the majority of its revenue. The company is committed to advancing the global fintech and blockchain ecosystem by providing state-of-the-art technology solutions.
Recent Achievements and Projects:
- On May 19, 2023, AGM Group received a notification from Nasdaq regarding non-compliance due to the delayed filing of its annual report for the fiscal year 2022. The company is actively working to regain compliance.
- On February 29, 2024, AGMH announced a strategic upgrade to accelerate global expansion, focusing on Bitcoin mining and data center operations across the United States, Canada, and Central Asia.
- On March 22, 2024, AGMH established a subsidiary in Canada as part of its strategic initiative to enhance its global footprint in energy development, data center construction, and mining operations.
- On April 9, 2024, AGMH signed a Memorandum of Understanding (MOU) with Red Dot Analytics PTE. LTD. to collaborate in constructing AI data centers, emphasizing AI-driven optimization for sustainable and efficient data center operations.
- On May 20, 2024, the company received another notice of non-compliance from Nasdaq due to the delayed filing of its annual report for the fiscal year 2023. AGMH is focused on promptly addressing these issues to ensure the continued listing of its shares on Nasdaq.
AGMH is dedicated to becoming a pivotal force in the global fintech and blockchain sectors. By leveraging its extensive experience and strategic partnerships, the company aims to deliver innovative and sustainable solutions that enhance value for its shareholders and clients.
For more information, please visit AGM Group Holdings Inc.
AGM Group Holdings Inc. (NASDAQ: AGMH) has scheduled its earnings conference call for the first half ended June 30, 2021, on September 29, 2021, at 8:00 a.m. ET. The call will be accessible via dial-in numbers listed for various regions. A playback of the call will be available until October 6, 2021. AGMH specializes in blockchain-oriented ASIC chip design and crypto miner production, aiming to be a key contributor to the blockchain ecosystem. For further information, visit www.agmprime.com.
AGM Group Holdings (AGMH) has announced a strategic partnership with HighSharp, a leading fabless integrated circuit designer. This collaboration aims to enhance growth in the cryptocurrency market by combining AGMH's software capabilities with HighSharp's ASIC chip design expertise. Key aspects include HighSharp endorsing intellectual property rights, AGMH targeting $100 million in global orders within six months, and plans for a joint venture if targets are met, with AGMH owning 60%. This partnership is designed to address market demands and drive future growth.
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.
AGM Group Holdings Inc. (NASDAQ: AGMH) has launched its first ASIC Miner, the KOI MINER C16, equipped with the advanced C3012 chip from Semiconductor Manufacturing International Corp. The C16 boasts a hash rate of up to 113 TH/s and a power efficiency of 30 J/T, specifically designed for mining BTC, BCH, and other cryptocurrencies. Its sales are anticipated to commence in the U.S., Canada, and Europe by the end of August 2021. Co-CEO Chenjun Li emphasizes the company's commitment to R&D and stable supply chains despite the global chip shortage.
AGM Group Holdings Inc. (AGMH) has announced its foray into ASIC chip research and development, with plans to manufacture and sell high-performance ASIC computing equipment targeting institutional clients. Newly appointed executives, Co-CEO Chenjun Li and CSO Bo Zhu, bring extensive experience in chip design and blockchain applications. Li has a history of successfully producing ASIC chips for Bitcoin, while Zhu has significant industry connections. The company aims to become a key player in the market and will introduce its latest ASIC miner soon.
AGM Group Holdings Inc. (AGMH) announced the appointment of Chenjun Li as Co-Chief Executive Officer, effective July 12, 2021. Mr. Li brings over 10 years of experience in credit card systems and 8 years in blockchain technology. Previously serving as CTO at Shenzhen HighSharp Electronics Ltd., he led the R&D of high-performance ASICs. Under his leadership, the company aims to expand into the chip industry and develop blockchain-oriented ASICs, thereby implementing its growth strategy. This management change could position AGMH as a key player in the evolving fintech and ASIC markets.
AGM Group Holdings Inc. (AGMH) announced a letter of intent on August 7, 2020, to acquire 100% equity interest in Safe Gold Financial Holdings Limited. The acquisition involves an all-cash transaction based on the net asset value of Safe Gold and its subsidiary Safe Gold SF, plus an HK$8.5 million premium, adjusted by HK$14 million owed by shareholders. Safe Gold holds multiple Hong Kong Financial Services Licenses and is active on HKEX and HKFE, potentially enhancing AGMH's service offerings in the financial sector.
AGM Group Holdings Inc. (AGMH) has announced it has regained compliance with NASDAQ's Listing Rule 5550(a)(3) concerning public holders. On July 23, 2020, NASDAQ confirmed that AGMH now has over 300 public holders, resolving a previous non-compliance issue notified on January 31, 2020. This rule is crucial for maintaining its listing on the NASDAQ Capital Market. AGMH operates in accounting and ERP software, fintech solutions, and trading education services.
AGM Group Holdings Inc. (AGMH) announced a Memorandum of Understanding with GMTK Global Pty Ltd to promote its new online trading education and social trading network platform, FXSC, in Australia. The partnership aims to enhance access to FXSC, which features innovative elements like tiered trading contests and real-time interaction. The binding agreement is expected to be finalized by August 15, 2020. CEO Wenjie Tang expressed optimism about entering the Australian market through this collaboration, which could expand the company's reach and user engagement.
AGM Group Holdings Inc. (AGMH) has launched FXSC, an innovative online trading education and social trading network platform aimed at forex traders. The platform, accessible in Chinese and English, offers virtual trading simulations and contests, allowing users to compete for prizes in a risk-free environment. AGMH's CEO, Wenjie Tang, stated that this launch marks a significant expansion into the trading education market, with plans to evolve FXSC into a multilingual platform covering various trading assets. The company anticipates that FXSC could become a key business line shortly.
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