AGM Holdings Forms Major Bitcoin & AI Data Center Joint Venture, Expands Mining Operations Ali Guerra | usagoldmines.com

BEIJING, Dec. 24, 2024 /PRNewswire/ — AGM Group Holdings Inc. (“AGM Holdings” or the “Firm”) (NASDAQ: AGMH), an built-in expertise firm specializing within the assembling and gross sales of high-performance {hardware} and computing tools, launched a press release of its CEO Dr. Bo Zhu right this moment, discussing the Firm’s progress methods and future initiatives within the cryptocurrency business.

Dr. Zhu, an skilled entrepreneur within the pc software program sector, at present serves as CEO of AGM Holdings. He joined the Firm in Could 2021 as Chief Technique Officer (CSO) and was appointed CEO and director in October 2023. Dr. Zhu earned his PhD in Laptop Science and Know-how from Zhejiang College in 2013 and has revealed over 20 analysis papers, 19 of that are listed in SCI/EI (science and engineering). Beneath are key insights from the interview:

AGM Holdings’ Key Milestones

• Strategic Partnerships: In 2021, AGM Holdings collaborated with Shenzhen Highsharp (Shenzhen Gaorui) Digital Ltd. (“HighSharp”) to boost ASIC chip R&D and mining tools choices.
• Main Orders: AGM Holdings secured contracts in 2021, together with:

i.    30,000 ASIC miners for Nowlit Options Corp (“Nowlit”).
ii.   25,000 MinerVa MV7 ASICs for MinerVa Semiconductor Corp.
iii.  1,500 Bitcoin miners for Meten Holding Group Ltd.

These collaborations evidenced by contractual agreements show the Firm’s dedication to progress within the digital forex business.

Strategic Positioning and Sustainable Development

Current highlights of AGM Holding’s strategic positioning embrace:

• Joint Enterprise: In December 2024, AGM Holdings partnered with Nowlit to develop a 375MW knowledge heart in Canada for Bitcoin mining and AI computing.
• Canaan Artistic World Pte Ltd. Partnership: In December 2024, AGM Holdings bought 2,000 A15 sequence water-cooled mining machines.

Trying Into the Future

Because the expertise revolution deepens and cryptocurrency good points broader public acceptance, the demand for high-performance computing environments and knowledge facilities is surging, forming the spine of those industries. Know-how improvement, deployment, and purposes will very doubtless rely upon sturdy {hardware} and software program ecosystems — an space the place the Firm possesses vital technical experience and useful resource benefits. Equally, computationally intensive processes like cryptocurrency mining and blockchain operations rely closely on computing energy and cost-effective vitality, presenting alternatives to showcase the Firm’s strengths and competencies. AGM Holdings is devoted to grow to be one of many key individuals and contributors within the world expertise {hardware} provide chain and blockchain ecosystem. This strategic positioning strives to drive long-term worth for the corporate, companions, and shareholders.

About AGM Group Holdings Inc.

AGM Group Holdings Inc. (NASDAQ: AGMH) is an built-in expertise firm specializing within the assembling and gross sales of high-performance {hardware} and computing tools. With a mission to grow to be a key participant and contributor within the world blockchain ecosystem, AGMH focuses on the analysis and improvement of blockchain-oriented Utility-Particular Built-in Circuit (ASIC) chips, the assembling and gross sales of high-end crypto miners for Bitcoin and different cryptocurrencies. For extra info, please go to www.agmprime.com.

Ahead-Trying Statements

Sure statements on this announcement are forward-looking statements. These forward-looking statements contain recognized and unknown dangers and uncertainties and are primarily based on the Firm’s present expectations and projections about future occasions that the Firm believes might have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Traders can establish these forward-looking statements by phrases or phrases equivalent to “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “tasks,” “intends,” “plans,” “will,” “would,” “ought to,” “might,” “might” or related expressions. The Firm undertakes no obligation to replace or revise publicly any forward-looking statements to mirror subsequent occurring occasions or circumstances, or adjustments in its expectations, besides as could also be required by regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are cheap, it can’t guarantee you that such expectations will change into right, and the Firm cautions traders that precise outcomes might differ materially from the anticipated outcomes and encourages traders to evaluate different elements that will have an effect on its future ends in the Firm’s registration assertion and different filings with the U.S. Securities and Change Fee.

For extra info, please contact:

AGM Group Holdings Inc.
E mail: ir@agmprime.com 
Web site: http://www.agmprime.com

Ascent Investor Relations LLC
Tina Xiao
President
Cellphone: +1-646-932-7242
E mail: investors@ascent-ir.com

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SOURCE AGM Group Holdings Inc.