China, September 29, 2021 – AGM Group Holdings Inc. (“AGMH”) (NASDAQ: AGMH), an integrated technology company focused on advanced blockchain chip solutions, fintech software services and crypto-miner production, announced that it had entered into an initial six-month strategic cooperation agreement with HighSharp Electronic Technology Co., Ltd., an integrated circuit designer providing advanced semiconductor solutions for supercomputing hardware.
AGM Holdings and HighSharp: A Partnership That Can Generate Revenue Growth
The terms of the HighSharp partnership will allow AGMH to use the latest generation of chips and production services available. The deal allows AGMH to target a minimum of $ 100 million in orders within six months. If orders exceed the target minimum, the two parties will form a joint venture to build on next-generation product research and development for high-end semiconductor solutions for supercomputing hardware. With the announcement, AGMH also focused more on new business areas, including research and development of ASIC chips, as well as the manufacture and sale of crypto-mining equipment.
AGMH’s Refined and Jinli Miner-C16 Business Growth
AMGH recently formed a new business growth strategy, coupled with senior team members with extensive experience in high performance chip design and blockchain applications. The company is also exploring blockchain-based NFT and DeFi technologies to build the ecosystem around existing product offerings.
AGMH recently released its first ASIC crypto miner, the KOI Miner C16 (“C16”), with solid metrics that include a hash rate of 113TH / s and power efficiency of 30J / T, reflecting best-in-class performance . The company also continues to geo-diversify its customer base, with many C16 customers coming from the United States and Canada, allowing minimal exposure to independent political impacts (such as the recent development of China’s bitcoin ban) and for industry-leading practices.
About AGM Holdings (AGMH):
AGM Group Holdings Inc. is a financial integration company focused on high performance chip solutions. The company is headquartered in Beijing, China, and provides chip design, chip research and development, and crypto mining hardware. AGM Group Holdings Inc. trades on NASDAQ (NASDAQ: AGMH) and also provides fintech software services to complement blockchain-based products. AGMH is currently aiming to be a key participant and contributor in the global blockchain ecosystem.
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