BEIJING, China, October 13, 2021– AGM Group Holdings Inc.(” AGMH” or the “Business”) (Nasdaq: AGMH), an integrated innovation business concentrating on offering fintech software application services and producing high-performance hardware and computing devices, today revealed that it has actually gotten an order (the “Order”) from Nowlit Solutions Corp, a leading digital currency devices supply chain services and consultancy business in The United States and Canada with strong relationship and resource within the Fintech and Blockchain environments having actually provided leading worldwide gamers consisting of Lake Parime U.S.A. Inc. and Fortress Digital Mining. Pursuant to the regards to the Order, the Business will provide 30,000 systems of 100 TH/S ASIC crypto miners with an aggregate operating hash power of 3000 PH/S to Nowlit Solutions within the 4th quarter of2021
Mr. Chenjun Li, C o-Chief Executive Officer of AGMH, commented, “We are delighted to reveal this very first order from Nowlit Solutions, which is another exceptional development we had actually made considering that the statement of the business’s brand-new development method and the tactical collaboration with HighSharp Electronic Innovation Co. The satisfaction of the order in the next number of months will accelerate our conclusion of the target USD 100 M of orders which will advance the development of the Joint Endeavor with HighSharp and our objective to place the business as a cutting edge gamer in the next generation item research study and advancement in the market. We anticipate complying with more innovation business to take the huge service chances from this vibrant and fast-growing market.”
Tactical Collaborations For Development
AGM Group Holdings is devoted to striking the $100 million sales mark in the next 6 months. Nowlit, in addition to formerly revealed collaborations, will allow the business to reach $100 million in orders, a set minimum limit following the partnership with HighSharp.
AGM, in collaboration with Nowlit and HighSharp, will produce leading crypto miners for the market with best-in-class efficiency. This will likewise allow AGM to broaden its reach and take advantage of a more comprehensive miner market.
About AGM Group Holdings Inc.
Integrated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated innovation business concentrating on offering fintech software application services and producing high-performance hardware and computing devices. AGMH’s objective is to turn into one of the secret individuals and factors in the worldwide fintech and blockchain community. For additional information, please see www.agmprime.com.
Positive Declarations
This press release consists of “positive declarations” within the significance of Area 27 A of the Securities Act of 1933, as modified, and Area 21 E of the Securities Exchange Act of 1934, as modified, and as specified in the U.S. Personal Securities Lawsuits Reform Act of1995 These positive declarations can be determined by terms such as “will,” “anticipates,” “expects,” “future,” “means,” “strategies,” “thinks,” “price quotes” and comparable declarations. All declarations aside from declarations of historic reality in this news release are positive declarations and include specific threats and unpredictabilities that might trigger real outcomes to vary materially from those in the positive declarations. These positive declarations are based upon management’s present expectations, presumptions, price quotes, and forecasts about the Business and the market in which the Business runs, however include a variety of unidentified threats and unpredictabilities, Additional info relating to these and other threats is consisted of in the Business’s filings with the U.S. Securities and Exchange Commission. The Business carries out no commitment to upgrade positive declarations to show subsequent happening occasions or situations, or modifications in its expectations, other than as might be needed by law. Although the Business thinks that the expectations revealed in these positive declarations are affordable, it can not guarantee you that such expectations will end up being right, and real outcomes might vary materially from the expected outcomes. You are prompted to think about these aspects thoroughly in assessing the positive declarations included herein and are warned not to position excessive dependence on such positive declarations, which are certified in their totality by these cautionary declarations.
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