BEIJING, October 26, 2021– AGM Group Holdings Inc. (” AGMH” or the “Business”) (NASDAQ: AGMH), an integrated innovation business concentrating on supplying fintech software application services and producing high-performance hardware and computing devices, today revealed it has actually participated in a tactical collaboration with Meten Holding Group Ltd. (” Meten”) (NASDAQ: METX).
The collaboration will mostly concentrate on research study and advancement assistance for blockchain applications, and developing a supply chain for cryptocurrency mining service. The contract consists of a preliminary order from Meten for 1,500 Bitcoin mining makers worth US$ 12 million. Meten likewise has an alternative to acquire extra makers.
AGMH through its tactical collaboration with HighSharp (Shenzhen Gaorui) Electronic Innovation Co., Ltd (” HighSharp”) has actually constructed an innovative R&D ability with engineers who are specialists in blockchain and associated innovations, which is likewise the significant reason that Meten selected to partner with AGMH.
Mr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented, “We are thrilled to partner with Meten to additional establish a blockchain community that incorporates innovation, items, sales, and service. Structure on our just recently reveal d AGMH-HighSharp pa rtnership, we see growing need for our high-performance mining hardware and associated computing devices. These collaborations even more confirm our position in the cryptocurrency mining world. Looking ahead, we are positive in our capability to assist mining customers to enhance their computing power, allowing their success in the quickly growing cryptocurrency market while creating worth for our investors.”
Mr. Jason Zhao, Co-Founder and Executive Director of Meten, stated: “We are enjoyed be dealing with AGMH. With particular strengths, our company believe our collaboration will even more open the complete capacity of the blockchain and cryptocurrency service, putting both people on the very best course to success.”
About AGM Group Holdings Inc.
Included in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated innovation business concentrating on supplying 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 find out more, please go to www.agmprime.com.
About Meten Holding Group Inc.
Meten Holding Group Ltd., previously referred to as Meten EdtechX Education Group Ltd., is among the leading omnichannel English language training (” ELT”) provider in China, providing English language and abilities training for Chinese trainees and experts. In addition to enhancing its position in the ELT service market in China, Meten actively checks out the blockchain and cryptocurrency mining service outside China, with a long-lasting objective of developing worth throughout the cryptocurrency market. Meten anticipates to participate in organizations associated with blockchain and metaverse in The United States and Canada and other nations and locations all over the world (not consisting of China), consisting of cryptocurrency mining, mining farm building, and mining swimming pool and information center operation. The Business is devoted to enhancing its competitive position in the market and to being a leading technology-driven blockchain and metaverse business.
To find out more, please go to: https://investor.metenedu-edtechx.com.
Positive Declarations
This press release consists of “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 recognized by terms such as “will,” “anticipates,” “expects,” “future,” “plans,” “strategies,” “thinks,” “price quotes” and comparable declarations. All declarations besides declarations of historic truth 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 existing 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 details 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 ensure you that such expectations will end up being proper, and real outcomes might vary materially from the expected outcomes. You are advised to think about these elements thoroughly in examining the positive declarations consisted of herein and are warned not to put unnecessary dependence on such positive declarations, which are certified in their whole by these cautionary declarations.
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