NEW YORK, Nov. 2, 2021 /PRNewswire/ -- Code Chain New
Continent Limited (the "Company" or "Code
Chain") (NASDAQ: CCNC), a vertically integrated cryptocurrency
miner, today announced that it has entered into a major order
agreement (the "Agreement") with AGM Group Holdings Inc. ("AGMH")
(NASDAQ: AGMH).
Pursuant to the Agreement, the Company will purchase 10,000
units of KOI Miner 100 TH/S mining machines from AGMH, for a
purchase price of US$65 million. The
mining machines are expected for delivery during the second half of
2022. Code Chain also has an option to purchase 10,000
additional units.
AGMH is an integrated technology company focusing on providing
Fintech software services and producing high-performance hardware
and computing equipment. This order will utilize AGMH's hardware
technologies to bolster Code Chain's business growth, as well as to
extend support for building a blockchain ecosystem.
Mr. Tingjun Yang, Chief Executive
Officer of Code Chain, commented, "We are 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. Code Chain is dedicated to seeking
innovative cryptocurrency technologies and enriching its
cryptocurrency portfolio following its deployment of 10,000 Bitcoin
mining machines and purchase of Filecoin mining asset earlier this
year. We look forward to working with the AGMH team well into the
future."
Mr. Chenjun Li, Co-Chief Executive Officer of AGMH,
said "This order will strengthen our ability to serve a
growing and broad customer base. We can further enhance our
expertise, technology, and talent to explore opportunities while
helping our clients to innovate and thrive in the evolving
market."
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.
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.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including certain plans, expectations, goals, and
projections, which are subject to numerous assumptions, risks, and
uncertainties. These forward-looking statements may include, but
are not limited to, statements containing words such as "may,"
"could," "would," "plan," "anticipate," "believe," "estimate,"
"predict," "potential," "expects," "intends", "future" and
"guidance" or similar expressions. These forward-looking statements
speak only as of the date of this press release and are subject to
change at any time. These forward-looking statements are based upon
management's current expectations and are subject to a number of
risks, uncertainties and contingencies, many of which are beyond
the Company's control that may cause actual results, levels of
activity, performance or achievements to differ materially from any
future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. The
Company's actual results could differ materially from those
contained in the forward-looking statements due to a number of
factors, including those described under the heading "Risk Factors"
in the Company's public filings with the Securities and
Exchange Commission, including the Company's annual report on 10-K.
The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required under applicable
law.
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SOURCE Code Chain New Continent Limited