Benzinga | Oct 13, 2021 01:38PM EDT

AGM Group Holding Announces First Significant Order Of 30,000 Digital Currency Mining Machines

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 that it has received a purchase order (the "Order") from Nowlit Solutions Corp, a leading digital currency equipment supply chain services and consultancy company in North America with strong relationships and resources within the Fintech and Blockchain ecosystems having supplied leading global players including Lake Parime USA Inc. and StrongHold Digital Mining. Pursuant to the terms of the Order, the Company shall deliver 30,000 units of 100 TH/S ASIC crypto miners with an aggregate operating hash power of 3000 PH/S to Nowlit Solutions within the fourth quarter of 2021.

Mr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented, "We are excited to announce this first purchase order from Nowlit Solutions, which is another remarkable progress we had made since the announcement of the Company's new growth strategy and the strategic partnership with HighSharp Electronic Technology Co. The fulfillment of the order in the next couple of months will accelerate our completion of the target USD 100m of orders which will bring forward the formation of the Joint Venture with HighSharp and our goal to position the Company as a cutting edge player in the next generation product research and development in the industry. We look forward to cooperating with more technology companies to seize the enormous business opportunities from this dynamic and fast-growing industry."