BEIJING, Feb. 29,
2024 /PRNewswire/ -- 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, today unveiled
its strategic upgrade aimed at accelerating its global expansion.
Focused on advancing its Bitcoin mining and data
center operations, AGM Group is diversifying its portfolio to
include digital technology, cryptocurrency mining, and
technology hardware research and development, manufacture, and
sales.
Leveraging its extensive history of cultivating customer
relationships for mining machine purchases and collaborating with
energy partners who possess vast energy reserves, AGM Group is
poised to extend its reach into the mining industry. The company's
expansion strategy is multifaceted, encompassing self-constructed
projects, joint mining ventures, and strategic acquisitions. AGM
Group is committed to establishing and operating
Bitcoin mining data centers, coupled with offering
hosting services, in strategically chosen locations including
the United States, Canada, and Central
Asia. This initiative represents a significant step forward
in AGM Group's journey towards becoming a leader in the global
mining sector.
Mr. Zhu Bo, Chairman and Chief
Executive Officer of AGM Group, shared his excitement about the
company's prospects, stating, "We are currently in the early stages
of negotiations with energy providers and bitcoin
mining farms that possess established mining sites already utilized
by clients, in addition to discussions with our customers who are
in immediate need of mining hosting services. We anticipate sharing
further details shortly. Our initial phase targets include managing
up to 200MW of data centers worldwide, aiming for a hash rate of up
to 5 EH/s, and deploying over 50,000 mining machines by the end of
2024."
He added: "AGMH is set
to become a pivotal force in the mining industry, serving as a
critical link between two essential domains. On one side, our
profound expertise and industry experience place us in an optimal
position to understand and fulfill the demands of hosting
customers. On the other side, we stand unique with partners who are
energy sources but may lack the experience in establishing hosting
facilities or accessing potential customers. AGM is poised to
bridge this gap, providing necessary expertise and customer access.
This strategic enhancement is not just an evolution—it's a
transformative step forward in our mission for global expansion,
underlining our commitment to innovating within the mining sector
and beyond. We firmly believe that this strategy upgrading will
position our company with a more comprehensive business structure,
drive accelerated growth, and deliver enhanced value returns to our
shareholders."
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 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.
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.
For more information, please contact:
In China:
At the Company:
Email: ir@agmprime.com
Seaquant Consulting
Ms. Kristy Li
Email: kristy@sea-quant.com
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SOURCE AGM Group Holdings Inc.