AGM Group Holdings Inc. Announces First Significant Order of 30,000 Digital Currency Mining Machines
October 13 2021 - 8:56AM
NEWSBTC
BEIJING, China, October 13, 2021 – AGM Group Holdings Inc. (“AGMH”
or the “Company”) (Nasdaq: AGMH), an integrated technology company
focusing on providing fintech software services and producing
high-performance hardware and computing equipment, today announced
that it has received a purchase order (the “Order”) from Nowlit
Solutions Corp, a leading digital currency equipment supply chain
services and consultancy company in North America with strong
relationship and resource within the Fintech and Blockchain
ecosystems having supplied leading global players including Lake
Parime USA Inc. and StrongHold Digital Mining. Pursuant to the
terms of the Order, the Company shall deliver 30,000 units of 100
TH/S ASIC crypto miners with an aggregate operating hash power of
3000 PH/S to Nowlit Solutions within the fourth quarter of 2021.
Mr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented, “We
are excited to announce this first purchase order from Nowlit
Solutions, which is another remarkable progress we had made since
the announcement of the company’s new growth strategy and the
strategic partnership with HighSharp Electronic Technology Co. The
fulfillment of the order in the next couple of months will
accelerate our completion of the target USD 100M of orders which
will bring forward the formation of the Joint Venture with
HighSharp and our goal to position the company as a cutting edge
player in the next generation product research and development in
the industry. We look forward to cooperating with more technology
companies to seize the enormous business opportunities from this
dynamic and fast-growing industry.” Strategic Partnerships For
Growth AGM Group Holdings is committed to hitting the $100 million
sales mark in the next six months. Nowlit, in addition to
previously announced partnerships, will enable the company to reach
$100 million in orders, a set minimum threshold following the
partnership with HighSharp. AGM, in partnership with Nowlit and
HighSharp, will produce leading crypto miners for the industry with
best-in-class performance. This will also enable AGM to expand its
reach and tap into a broader miner market. 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 providing fintech software services
and producing high-performance hardware and computing equipment.
AGMH’s mission is to become one of the key participants and
contributors in the global fintech and 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.
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