AGM Group Holdings Inc. Announces Strategy of its Blockchain Business with Bitcoin Miner Production and High-performance Chip Solutions As Core Development
US Eastern time: 2021-08-24 08:30
BEIJING, Aug. 24, 2021 /PRNewswire/ -- AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ: AGMH), an integrated technology company focusing on blockchain-oriented ASIC chip design, advanced crypto miner production, and fintech software service, today announced its growth strategy mainly focusing on crypto miner business and high-performance ASIC chip research and development, and supplemented by development of blockchain and fintech applications. AGMH has assembled a team of industry veterans in high-performance chip designs and blockchain applications to support its growth strategy.
Latest release of AGMH's in-house branded Bitcoin Miner - KOI MINER C16 ("C16") has a hash rate up to 113 TH/s and a power efficiency ratio of 30 J/T, supporting the mining of Bitcoin, Bitcoin Cash and other cryptocurrencies. C16's parameters have surpassed its peer miners including Bitmain's Antminer S19 pro and Canaan's AvalonMiner1246.
Mr. Chenjun Li, Co-CEO of the Company, commented, "With increased institutional investment and attention to blockchain and cryptocurrencies, many large listed crypto mining companies in the United States and Canada have demonstrated a huge demand for high-end Bitcoin miners, and we expect that our C16 miners have the opportunity to secure a considerable amount of orders in this trend."
In implementing the strategy, AGMH's fintech product team remains actively researching and seeking opportunities to introduce blockchain-based NFT and Defi technologies into existing products and services, aiming to provide more values to clients.
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 focusing on high-performance ASIC chip solutions including chip design, chip research and development, and crypto miner production. It also provides fintech software services. AGMH is one of the few companies listed on a U.S. stock exchange with both ASIC chip design and crypto miner production capabilities and its released crypto miner has competitive product performance and parameters. AGMH's mission is to become one of the key participants and contributors in the global blockchain ecosystem. For more information, please visit www.agmprime.com.
Forward Looking Statements
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