BEIJING, Dec. 24,
2024 /PRNewswire/ -- AGM Group Holdings Inc. ("AGM
Holdings" or the "Company") (NASDAQ: AGMH), an integrated
technology company specializing in the assembling and sales of
high-performance hardware and computing equipment, released a
statement of its CEO Dr. Bo Zhu
today, discussing the Company's growth strategies and future
initiatives in the cryptocurrency industry.
Dr. Zhu, an experienced entrepreneur in the computer software
sector, currently serves as CEO of AGM Holdings. He joined the
Company in May 2021 as Chief Strategy
Officer (CSO) and was appointed CEO and director in October 2023. Dr. Zhu earned his PhD in Computer
Science and Technology from Zhejiang University in 2013 and has published
over 20 research papers, 19 of which are indexed in SCI/EI (science
and engineering). Below are key insights from the interview:
AGM Holdings' Key Milestones
- Strategic Partnerships: In 2021, AGM Holdings
collaborated with Shenzhen Highsharp (Shenzhen Gaorui) Electronic
Ltd. ("HighSharp") to enhance ASIC chip R&D and
mining equipment offerings.
- Major Orders: AGM Holdings secured contracts in 2021,
including:
i. 30,000 ASIC miners
for Nowlit Solutions Corp ("Nowlit").
ii. 25,000 MinerVa MV7 ASICs for MinerVa Semiconductor
Corp.
iii. 1,500 Bitcoin miners for Meten Holding
Group Ltd.
These collaborations evidenced by contractual agreements
demonstrate the Company's commitment to growth in the digital
currency industry.
Strategic Positioning and Sustainable Growth
Recent highlights of AGM Holding's strategic positioning
include:
- Joint Venture: In December
2024, AGM Holdings partnered with Nowlit to develop a 375MW
data center in Canada for
Bitcoin mining and AI computing.
- Canaan Creative Global Pte Ltd. Partnership: In
December 2024, AGM Holdings purchased
2,000 A15 series water-cooled mining machines.
Looking Into the Future
As the technology revolution deepens and
cryptocurrency gains broader public acceptance, the
demand for high-performance computing environments and data centers
is surging, forming the backbone of these industries. Technology
development, deployment, and applications will very likely depend
on robust hardware and software ecosystems — an area where the
Company possesses significant technical expertise and resource
advantages. Similarly, computationally intensive processes like
cryptocurrency mining and blockchain operations rely
heavily on computing power and cost-effective energy, presenting
opportunities to showcase the Company's strengths and competencies.
AGM Holdings is dedicated to become one of the key participants and
contributors in the global technology hardware supply chain
and blockchain ecosystem. This strategic positioning strives to
drive long-term value for the company, partners, and
shareholders.
About AGM Group Holdings Inc.
AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated
technology company specializing in the assembling and sales of
high-performance hardware and computing equipment. With a mission
to become a key participant and contributor in the global
blockchain ecosystem, AGMH focuses on the research and development
of blockchain-oriented Application-Specific Integrated Circuit
(ASIC) chips, the assembling and sales
of high-end crypto miners for
Bitcoin and other cryptocurrencies. For
more information, please visit www.agmprime.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as "approximates," "assesses," "believes," "hopes," "expects,"
"anticipates," "estimates," "projects," "intends," "plans," "will,"
"would," "should," "could," "may" or similar expressions. The
Company undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the U.S. Securities and Exchange Commission.
For more information, please contact:
AGM Group Holdings
Inc.
Email: ir@agmprime.com
Website: http://www.agmprime.com
Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE AGM Group Holdings Inc.