AGM Group Enters Two New Business Lines, Announces Strategic Partnership With HighSharp
September 29 2021 - 1:30PM
NEWSBTC
China, September 29, 2021 – AGM Group Holdings Inc. (“AGMH”)
(NASDAQ: AGMH), an integrated technology company focused on
advanced blockchain chip solutions, fintech software services, and
crypto-miner production, announced that it has entered an initial
six-month strategic cooperation agreement with HighSharp Electronic
Technology Co., Ltd, an integrated circuit designer providing
advanced semiconductor solutions for supercomputing hardware. AGM
Holdings & HighSharp: A Partnership That Can Build Revenue
Growth The terms of the HighSharp partnership will enable AGMH to
use the latest gen of chips and production services available. The
deal enables AGMH to target a minimum of $100M in orders during the
six-month term. Should orders exceed the target minimum, the two
parties will form a joint venture to build upon next-generation
product research and development for premium semiconductor
solutions for supercomputing hardware. With this announcement, AGMH
has also shifted broader focus into new business lines including
ASIC chip research and development, and crypto mining equipment
manufacturing and sales. Refined Business Growth & AGMH’s
Jinli Miner-C16 AMGH recently formed a new company growth strategy,
paired with veteran team members with extensive experience in
high-performance chip designs and blockchain applications. The
company is also exploring blockchain-based NFT and DeFi
technologies to build the ecosystem around existing product
offerings. AGMH recently released its first ASIC crypto miner, the
KOI Miner C16 (“C16”), with strong metrics that include a hashrate
of 113TH/s and power efficiency of 30J/T, reflecting performance
that is best in class. The company also continues to geo-diversify
its clientele, with many clients of the C16 coming from the U.S.
and Canada, allowing for minimal exposure to independent
policy-making impacts (such as the recent development of China’s
ban on bitcoin) and for industry-leading practices. About AGM
Holdings (AGMH): AGM Group Holdings Inc., is a financial
integration company focused on high-performance chip solutions. The
company is headquartered in Beijing, China, and provides chip
design, chip research and development, and crypto mining hardware.
AGM Group Holdings Inc. trades on the NASDAQ (NASDAQ:AGMH) and also
provides fintech software services to supplement blockchain-based
products. AGMH is currently aiming to be a key participant and
contributor in the global blockchain ecosystem. For more
information on AGMH: Website: https://www.agmprime.com/ Email:
ir@agmprime.com
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