BEIJING, April 9,
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, is thrilled to
announce the signing of a Memorandum of Understanding (MOU) with
RED DOT ANALYTICS PTE. LTD. ("RDA"), for collaborative efforts in
constructing AI data centers.
Red Dot Analytics, renowned for its groundbreaking work in AI
solutions, has notably led the deployment of AI-driven optimization
platform in the world's first "Sustainable Tropical Datacenter
Testbed", showcasing expertise in Digital Twin and Physics-informed
AI. Their focus on Cognitive Twin Solutions emphasizes AI-driven
optimization for sustainable design and operational efficiency in
data centers. The outcomes of RDA's AI solutions have been
remarkable in areas of reducing energy consumption, enhancing
resilience in both design and operations, as well as improving
asset utilization. Supporting both AI-Datacenters, and colocation
datacenters, more than 130MW of IT capacity and more than
10K racks, RDA's solutions are
currently deployed in over 15 data centers across Singapore, Hong
Kong, and Malaysia.
Under the MOU, RDA will strategically collaborate with AGMH to
pioneer innovative initiatives in constructing AI hyper-connected
GPU-driven data centers. Leveraging RDA's advanced Digital-twin
platform and Company's purpose-built data centers for AI workloads,
the partnership aims to validate designs, optimize predictions,
improve PUE, and enable intelligent monitoring. Together, they will
develop Digital-twin based, AI-driven solutions to enhance energy
efficiency and sustainability in AI data centers. Pilot projects
for AI data centers in Asia and
Canada are set to commence, with
further details to be discussed.
Mr. Zhu Bo, Chairman and Chief
Executive Officer of AGM Group, commented, " We are pleased to
solidify our collaboration with RDA, which highlights our
commitment to sustainable growth and innovation in AI computing. We
believe RDA's solution will significantly reduce the carbon
footprint of our AI data centers, creating substantial value
throughout their lifecycle. Since announcing our strategic upgrade,
the deployment of various new businesses has progressed rapidly. We
eagerly anticipate accelerating our global business development and
delivering enhanced value returns to our shareholders."
Mr. Henry Xu, Chief Executive
Officer of RDA, added, "We are delighted to partner with AGM in
their journey towards developing next-generation green,
sustainable, highly efficient, and resilient data centers to
support the widespread adoption of AI. Past achievements and the
recognition from major data center operators in Singapore and abroad have demonstrated the
effectiveness of our solution. RDA's mission is to bring innovation
to the forefront, revolutionizing data center management for a
smarter, greener future. We believe that with RDA's
industry-validated technology, AGM's business development will
become more efficient and sustainable."
About RED DOT ANALYTICS PTE. LTD.
Red Dot Analytics, based in Singapore, is an award-winning spin-off from
Nanyang Technological University,
Singapore, pioneering industrial
artificial intelligence (AI). With a mission to empower data
centers with a cutting-edge AI and digital platform, RDA has
successfully supported several data centers across Asia, positioning itself as a technology
leader to the evolution of data center management and operations in
the AI age. RDA's intelligent software brings innovation to the
forefront, revolutionizing data center management for a smarter,
greener future.
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
Website: http://www.agmprime.com
Seaquant Consulting
Ms. Kristy Li
Email: kristy@sea-quant.com
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SOURCE AGM Group
