AGM Group Announces Order for 10,000 Cryptocurrency Mining Machines from Code Chain New Continent
04 November 2021 - 12:00AM
NEWSBTC
Beijing, China, November 1, 2021 – AGM Group Holdings Inc (“AGMH”
or ‘the Company) (NASDAQ: AGMH), an integrated technology company
focusing on providing fintech software services and producing
high-performance hardware and computing equipment, announced today
that it has won a purchase order (the “Order”) from Code Chain New
Continent Limited (“Code Chain” or “CCNC”) (NASDAQ: CCNC), a
vertically integrated cryptocurrency miner, for cryptocurrency
mining machines. Pursuant to the Order agreement, AGMH will deliver
10,000 units of KOI Miner 100 TH/S mining machines worth US$60
million from the first quarter of 2022. This agreement also
provides Code Chain with an option to purchase 10,000 additional
mining machines. Mr. Chenjun Li, Co-Chief Executive Officer of
AGMH, commented: “We are very pleased with this collaboration with
Code Chain, and we believe is a fantastic step forward for both
parties. This Order signifies that the quality of our mining
equipment is recognized in the industry, and will further
strengthen our ability to serve a growing and broad client base.
Looking ahead, we will continue to enhance our expertise,
technology, and talent to explore business opportunities while
helping our clients to innovate and thrive in the evolving
cryptocurrency market.” Mr. Tingjun Yang, Chief Executive Officer
of Code Chain, said, ” Our team is excited to partner with AGMH.
The collaboration will provide us with a long-term and stable
supply of mining equipment, marking a major milestone in our
continued mining expansions. We are dedicated to advancing
cryptocurrency technology and aim to further enrich our
cryptocurrency portfolio since the Filecoin mining asset purchase
in October and deployment of 10,000 Bitcoin mining machines in
March 2021. Obtaining more mining machines and accelerating their
deployment is of utmost importance to CCNC and is a commitment our
entire team strives to achieve.” 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 providing fintech software services and
producing high-performance hardware and computing equipment. AGMH’s
mission is to become one of the key participants and contributors
in the global fintech and blockchain ecosystem. For more
information, please visit www.agmprime.com. About Code Chain
New Continent Limited Code Chain New Continent Limited engages
in the research, design, and development of electronic tokens that
combine the five-W elements (when, where, who, why, what),
geographic location via the Beidou satellite system, and identity
information using Code Chain technology. The electronic tokens are
unique, tradable, and inheritable digital assets and cannot be
tampered with. The electronic tokens are based on and stored in the
Code Chain system and can be used to monitor and document all kinds
of consumer behaviors that involve code-scanning. The Company has
recently diversified its business into Bitcoin mining and is
committed to becoming a vertically integrated cryptocurrency miner.
Forward-Looking Statements This news 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
U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “future,” “intends,” “plans,”
“believes,” “estimates” and similar statements. All statements
other than statements of historical fact in this press release are
forward-looking statements and involve certain risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. These forward-looking
statements are based on management’s current expectations,
assumptions, estimates and projections about the Company and the
industry in which the Company operates, but involve a number of
unknown risks and uncertainties, Further information regarding
these and other risks is included in the Company’s filings with the
U.S. Securities and Exchange Commission. The Company undertakes no
obligation to update 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 actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
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