AGM Group Holdings Inc. Announces Entry into ASIC R&D and Manufacturing Field
US Eastern time: 2021-08-05 08:30
BEIJING, Aug. 5, 2021 /PRNewswire/ -- AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ: AGMH), a software company providing fintech software, and trading education software and website service, today announced that the Company will enter into the ASIC chip research and development field, and will subsequently commence high-performance ASIC computing equipment manufacturing and sales. The new business segment will be led and operated by the Company's newly hired executives and targeting the institutional market.
The newly appointed executives, Co-CEO Mr. Chenjun Li and CSO Mr. Bo Zhu, have vast experiences and industry resources in chip designs and blockchain applications. As one of the pioneers in the ASIC chip design area, Mr. Chenjun Li has extensive experience in the chip production supply chain. In 2013, Mr. Chenjun Li designed the first-generation ASIC applicable to Bitcoin computing and successfully completed the mass production of 16nm and 10nm ASIC chips at TMSC and Samsung in 2015 and 2017, respectively. Meanwhile, Mr. Bo Zhu possesses an in-depth understanding of the blockchain technology application, as well as a well-known reputation and extensive network within the industry due to the extended time spent in high-performance computing research in the past years.
"I am delighted to join AGMH, and I will assist the Company in launching its branded high-performance ASIC and ASIC miner with a goal of enabling AGMH to become one of the key players in the market." Mr. Chenjun Li commented, "The Company plans to release the latest ASIC miner and its parameters in the near future. Meanwhile, Mr. Bo Zhu and I will be jointly responsible for expanding our products to reach the overseas institutional clients and networks, and providing innovative energy optimization solutions for the customers."
About AGM Group Holdings Inc.
Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. is software company, currently providing fintech software, and trading education software and website service. For more information, please visit www.agmprime.com.
Forward Looking Statements
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