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AGM Group Announces Order for 10,000 Cryptocurrency Mining Machines from Code Chain New Continent

By Orbit Brain

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AGM Group Announces Order for 10,000 Cryptocurrency Mining Machines from Code Chain New Continent

AGM Group Announces Order for 10,000 Cryptocurrency Mining Machines from Code Chain New Continent

Beijing, China, November 1, 2021 – AGM Group Holdings Inc (“AGMH” or ‘the Firm) (NASDAQ: AGMH), an built-in know-how firm specializing in offering fintech software program companies and producing high-performance {hardware} and computing gear, introduced as we speak that it has gained a purchase order order (the “Order”) from Code Chain New Continent Restricted (“Code Chain” or “CCNC”) (NASDAQ: CCNC), a vertically built-in cryptocurrency miner, for cryptocurrency mining machines.

Pursuant to the Order settlement, AGMH will ship 10,000 items of KOI Miner 100 TH/S mining machines price US$60 million from the primary quarter of 2022. This settlement additionally gives Code Chain with an choice to buy 10,000 further mining machines.

Mr. Chenjun Li, Co-Chief Government Officer of AGMH, commented: “We’re very happy with this collaboration with Code Chain, and we consider is a improbable step ahead for each events. This Order signifies that the standard of our mining gear is acknowledged within the trade, and can additional strengthen our means to serve a rising and broad consumer base. Wanting forward, we are going to proceed to reinforce our experience, know-how, and expertise to discover enterprise alternatives whereas serving to our shoppers to innovate and thrive within the evolving cryptocurrency market.”

Mr. Tingjun Yang, Chief Government Officer of Code Chain, mentioned, ” Our group is worked up to associate with AGMH. The collaboration will present us with a long-term and secure provide of mining gear, marking a significant milestone in our continued mining expansions. We’re devoted to advancing cryptocurrency know-how and intention to additional enrich our cryptocurrency portfolio because the Filecoin mining asset buy in October and deployment of 10,000 Bitcoin mining machines in March 2021. Acquiring extra mining machines and accelerating their deployment is of utmost significance to CCNC and is a dedication our total group strives to realize.”

About AGM Group Holdings Inc.

Included in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an built-in know-how firm specializing in offering fintech software program companies and producing high-performance {hardware} and computing gear. AGMH’s mission is to turn into one of many key members and contributors within the international fintech and blockchain ecosystem. For extra data, please go to www.agmprime.com.

About Code Chain New Continent Restricted

Code Chain New Continent Restricted engages within the analysis, design, and growth of digital tokens that mix the five-W components (when, the place, who, why, what), geographic location through the Beidou satellite tv for pc system, and identification data utilizing Code Chain know-how. The digital tokens are distinctive, tradable, and inheritable digital belongings and can’t be tampered with. The digital tokens are based mostly on and saved within the Code Chain system and can be utilized to watch and doc all types of shopper behaviors that contain code-scanning. The Firm has lately diversified its enterprise into Bitcoin mining and is dedicated to changing into a vertically built-in cryptocurrency miner.

Ahead-Wanting Statements

This information launch incorporates “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended, and as outlined within the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology akin to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and related statements. All statements aside from statements of historic truth on this press launch are forward-looking statements and contain sure dangers and uncertainties that would trigger precise outcomes to vary materially from these within the forward-looking statements. These forward-looking statements are based mostly on administration’s present expectations, assumptions, estimates and projections concerning the Firm and the trade wherein the Firm operates, however contain a variety of unknown dangers and uncertainties, Additional data relating to these and different dangers is included within the Firm’s filings with the U.S. Securities and Alternate Fee. The Firm undertakes no obligation to replace forward-looking statements to replicate subsequent occurring occasions or circumstances, or adjustments in its expectations, besides as could also be required by regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are cheap, it can not guarantee you that such expectations will change into right, and precise outcomes might differ materially from the anticipated outcomes. You might be urged to think about these components fastidiously in evaluating the forward-looking statements contained herein and are cautioned to not place undue reliance on such forward-looking statements, that are certified of their entirety by these cautionary statements.


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