AGM Group Announces Order for 10,000 Cryptocurrency Mining Machines from Code Chain New Continent
BEIJING, Nov 3, 2021 /PRNewswire/ — AGM Group Holdings Inc ("AGMH" or the "Business") (NASDAQ: AGMH), an integrated technology company focused on providing fintech software services and manufacturing high-end hardware and computing equipment, today announced that it has won a purchase order (the "Order") from Code Chain New Continent Limited ("Code Chain" or "CCNC") (NASDAQ: CCNC), a vertically integrated cryptocurrency miner, for cryptocurrency mining machines.
Under the order agreement, AGMH is expected to supply 10,000 units of 100 TH/S KOI mining machines worth $65 million in the second half of 2022. This agreement also provides Code Chain with an option to purchase 10,000 additional mining machines.
Mr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented: "We are very pleased with this partnership with Code Chain and we believe it is a fantastic step forward for both parties. This order means that the quality of our mining equipment is recognized in the industry. This will further strengthen our ability to serve a broad and growing customer base. Looking ahead, we will continue to improve our expertise, technology and talent to explore business opportunities, while helping our customers to innovate and thrive in the evolving cryptocurrency market."
mr. Tingjun Yang, Chief Executive Officer of Code Chain, said: "Our team is delighted to partner with AGMH. The partnership will provide us with a long-term and stable supply of mining equipment, an important milestone in our ongoing mining expansion."
About AGM Group Holdings Inc.
included in April 2015 and the head office is located in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focused on providing fintech software services and manufacturing high-end 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, visit www.agmprime.com.
About Code Chain New Continent Limited
Code Chain New Continent Limited is engaged in the research, design and development of electronic tokens that combine the five W elements (when, where, who, why, what), geographic location through the Beidou satellite system and identity information using Code Chain technology. The electronic tokens are unique, tradable and inheritable digital assets and cannot be tampered with. The electronic tokens are based on and stored in the Code Chain system and can be used to monitor and document all kinds of consumer behavior that involves scanning codes. The company has recently diversified its business into Bitcoin mining and aims to become a vertically integrated cryptocurrency miner.
This press 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 US Private Securities Litigation Reform Act of 1995 These forward-looking statements can be identified by terms such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar statements. Any 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. More information about these and other risks is contained in the Company's filings with the United States Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements to reflect subsequent events or conditions or changes in its expectations, except as required by law. While the Company believes that the expectations expressed in these forward-looking statements are reasonable, it makes no representation that such expectations will prove correct and that actual results could differ materially from those anticipated. You are urged to carefully consider these factors when evaluating the forward-looking statements contained herein and cautioned not to place undue reliance on such forward-looking statements, which in their entirety are qualified by these cautionary statements.
In China:
At the company:
Email: ir@agmprime.com
Mrs Feifei Shen
E-mail: feifei@blueshirtgroup.com
Mrs. Suwen Feng
E-mail: suwen@blueshirtgroup.com
In the United States:
Mrs Julia Qian
E-mail: Julia@blueshirtgroup.com
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SOURCE AGM Group Holdings Inc.
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