BEIJING, Nov. 11, 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, announced today that the Company is exploring
strategic opportunities to set up its North American manufacturing
operations in the United States or
Canada to strengthen the company's
leadership position in the Bitcoin mining sector.
This move is part of AGMH's ongoing efforts to expand its global
footprint in the cryptocurrency mining machine industry and
signifies a new stage of growth. North
America in particular is a key region for Bitcoin mining
where establishing a manufacturing base will bring the Company
closer to customers, streamline the supply chain, and mitigate the
impact of global logistics issues while accelerating local market
penetration. Pittsburgh and
Seattle are among cities the
Company is considering for this manufacturing base, which is
potentially expected to accommodate AGMH's R&D lab, hardware
production, assembly lines, and business development team.
This strategic initiative is led by Mr. Bo Zhu, Chief Strategy Officer of AGMH. Mr. Zhu
has extensive knowledge in the local North American customer base
and networks. As a first step in reaching into the North American
industry network, AGMH has sent some sample components of mining
machines to local manufacturers for production tests and
manufacturing base selection.
Mr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented:
"We are committed to developing and producing high-performance
mining hardware and software overseas to engage a broader range of
clients. The new manufacturing base will play a critical role in
our North American side of operations in the mining machine
business and spur our next stage of growth."
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.
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.