BEIJING, China, October 21, 2021, — AGM Group Holdings Inc.(” AGMH” or the “Business”) (Nasdaq: AGMH), an integrated innovation business concentrated on offering fintech software application services and producing high-performance hardware and computing devices, today revealed that it consented to provide MinerVa Semiconductor Corp. (” MinerVa”) with 25,000 systems of its 100 TH/S MinerVa MV7 ASIC
to construct the MinerVa household of crypto miners. MinerVa is a leading high-performance ASIC style and producing business and is the unique supplier of industrial-grade crypto miners to leading worldwide massive mining business.
MinerVa has prominent relationships and resource networks within the Fintech and Blockchain environments and supplies top-tier end-to-end innovation options to noteworthy worldwide blockchain gamers like Terawulf Inc. and TrueNorth Data Solutions. T he Business will quickly get a US$20 million deposit for the crypto miners The rest of the order worth will be paid prior to shipment commences.
Mr. Steven Sim, Chief Financial Officer of AGMH, commented, “ This order constructs on the pr evious Nowlit order from October 13 th and is a testimony to the efficiency of our brand-new development method as we continue to strengthen our pioneering position in the market. The purchase allows us to increase our cashflow, which provides us a sound monetary footing as we start our prepare for mass production in2022 Leveraging our innovative hardware and computing devices production abilities, our company believe we are well-positioned to record the huge development chances in this flourishing 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. To learn more, please see www.agmprime.com.
Forward-Looking Statements
This press release includes “positive declarations” within the significance of Area 27 A of the Securities Act of 1933, as changed, and Area 21 E of the Securities Exchange Act of 1934, as changed, 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 besides declarations of historic reality in this news release are positive declarations and include particular 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, More 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 responsibility to upgrade positive declarations to show subsequent taking place 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 ensure you that such expectations will end up being right, and real outcomes might vary materially from the prepared for outcomes. You are advised to think about these aspects thoroughly in examining the positive declarations consisted of herein and are warned not to position unnecessary dependence on such positive declarations, which are certified in their totality by these cautionary declarations.
To learn more, please contact:
At the Business:
Email: [email protected]
Financier Relations:
Sherry Zheng
Weitian Group LLC
Email: [email protected]
Phone: +1-718-213-7386
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