BEIJING, Oct. 26, 2021 /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 announced it has entered into a strategic partnership with
Meten Holding Group Ltd. ("Meten") (NASDAQ: METX).
The partnership will primarily focus on research and development
support for blockchain applications, and in establishing a supply
chain for cryptocurrency mining. The agreement includes an
initial order from Meten for 1,500 Bitcoin mining machines worth
US$12 million. Meten also has
an option to purchase additional machines.
AGMH through its strategic partnership with HighSharp (Shenzhen
Gaorui) Electronic Technology Co., Ltd ("HighSharp") has built a
cutting-edge R&D capability with engineers who are experts in
blockchain and related technologies, which is also the major reason
why Meten chose to partner with AGMH.
Mr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented,
"We are delighted to partner with Meten to further develop a
blockchain ecosystem that integrates technology, products, sales
and service. Building on our recently announced
AGMH-HighSharp partnership, we see growing demand for our
high-performance mining hardware and related computing
equipment. These partnerships further validate our position
in the cryptocurrency mining world. Looking ahead, we are
optimistic in our ability to help mining clients to augment their
computing power, enabling their success in the rapidly growing
cryptocurrency industry while generating value for our
shareholders."
Mr. Jason Zhao,
Co-Founder and Executive Director of Meten, said: "We are
thrilled to be working with AGMH. With respective strengths,
we believe our partnership will further unlock the full potential
of the blockchain and cryptocurrency business, putting both of us
on the best path to success."
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 Meten Holding Group Inc.
Meten Holding Group Ltd., formerly known as Meten EdtechX
Education Group Ltd., is one of the leading omnichannel English
language training ("ELT") service providers in China, delivering English language and skills
training for Chinese students and professionals. In addition to
strengthening its position in the ELT service industry in
China, Meten actively explores the
blockchain and cryptocurrency mining business outside China, with a long-term goal of creating value
across the cryptocurrency industry. Meten expects to engage in
businesses related to blockchain and metaverse in North America and other countries and areas
around the world (not including China), including cryptocurrency mining,
mining farm construction, and mining pool and data center
operation. The Company is committed to strengthen its competitive
position in the industry and to be a leading technology driven
blockchain and metaverse company.
For more information, please visit:
https://investor.metenedu-edtechx.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
The Blueshirt Group
Ms. Feifei Shen
Phone: +86 13466566136
Email: feifei@blueshirtgroup.com
The Blueshirt Group
Ms. Suwen Feng
Phone: +86 139-1711-0134
Email: suwen@blueshirtgroup.com
In the United States:
The Blueshirt Group
Ms. Julia Qian
Phone: +1 973-619-3227
Email: Julia@blueshirtgroup.com
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SOURCE AGM Group Holdings Inc.