AGM Group announces major order for 25,000 digital currency mining machines
BEIJING, China, October 21, 2021 (PRNewswire) – AGM Holdings Group Inc. (“AGMH” or the “Company”) (Nasdaq: AGMH), an integrated technology company focused on the provision of fintech software services and the production of high performance computer hardware and equipment, today announced that ‘it agreed to supply MinerVa Semiconductor Corp. (“MinerVa”) with 25,000 units of sound 100 TH / S MinerVa MV7 ASIC
to build the MinerVa family of crypto miners. MinerVa is a leading high-performance ASIC design and manufacture company and is the distributor of industrial grade crypto miners to the world’s leading large-scale mining companies.
MinerVa maintains influential relationships and resource networks within Fintech and Blockchain ecosystems, and provides leading end-to-end technology solutions to notable global blockchain players such as Terawulf Inc. and TrueNorth Data Solutions. The company will soon receive a deposit of US $ 20 million for crypto miners. The remainder of the order value will be paid before the start of delivery.
Mr. Steven Sim, CFO of AGMH, said: “This order is in addition to the previous order from Nowlit of October 13.e and testifies to the effectiveness of our new growth strategy as we continue to consolidate our pioneering position in the market. The purchase allows us to increase our cash flow, giving us a solid financial foundation as we begin our mass production plans in 2022. By leveraging our advanced hardware and equipment production capabilities IT, we believe we are well positioned to seize the vast growth opportunities in this thriving industry. ”
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 that focuses on the provision of fintech software services and the production of high-tech computer hardware and equipment. performance. AGMH’s mission is to become one of the main participants and contributors to the global fintech and blockchain ecosystem. For more information, please visit www.agmprime.com.
This press 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 US Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “will”, “expects”, “anticipates”, “the future”, “the intention of”, ” plans ”,“ believes ”,“ estimates ”and similar statements. All statements other than statements of historical fact contained in this press release are forward-looking statements and involve certain risks and uncertainties which could cause actual results to differ materially from those of forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections regarding the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Additional information regarding these and other risks is included in the Company’s Filings with the United States Securities and Exchange Commission. The Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that these expectations will prove to be correct, and actual results may differ materially from anticipated results. You are urged to carefully consider these factors when evaluating the forward-looking statements contained herein, and you are cautioned not to place undue reliance on these forward-looking statements, which are qualified in their entirety by these cautionary statements.
For more information please contact:
In the business:
Weitian Group SARL
Phone: + 1-718-213-7386
AGM Holdings Group Inc. published this content on 21 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 21, 2021 09:03:08 PM UTC.