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 has entered 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 & HighSharp: A Partnership That Can Build Revenue GrowthThe terms of the HighSharp partnership will enable AGMH to use the latest gen of chips and production services available. The deal enables AGMH to target a minimum of $100M in orders during the six-month term. Should orders exceed the target minimum, the two parties will form a joint venture to build upon next-generation product research and development for premium semiconductor solutions for supercomputing hardware. With this announcement, AGMH has also shifted broader focus into new business lines including ASIC chip research and development, and crypto mining equipment manufacturing and sales.
Refined Business Growth & AGMH’s Jinli Miner-C16AMGH recently formed a new company growth strategy, paired with veteran team members with extensive experience in high-performance chip designs 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 strong metrics that include a hashrate of 113TH/s and power efficiency of 30J/T, reflecting performance that is best in class. The company also continues to geo-diversify its clientele, with many clients of the C16 coming from the U.S. and Canada, allowing for minimal exposure to independent policy-making impacts (such as the recent development of China’s ban on bitcoin) 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 the NASDAQ (NASDAQ:AGMH) and also provides fintech software services to supplement blockchain-based products. AGMH is currently aiming to be a key participant and contributor in the global blockchain ecosystem.
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