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AGM Group Announces Strategic Partnership with Meten for Blockchain and Cryptocurrency Mining Business

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Revealed: Oct. 26, 2021 at 8:30 AM EDT|Up to date: 1 hour in the past

BEIJING, Oct. 26, 2021 /PRNewswire/ — AGM Group Holdings Inc. (“AGMH” or the “Firm”) (NASDAQ: AGMH), an built-in know-how firm specializing in offering fintech software program providers and producing high-performance {hardware} and computing gear, at the moment introduced it has entered right into a strategic partnership with Meten Holding Group Ltd. (“Meten”) (NASDAQ: METX).

The partnership will primarily concentrate on analysis and growth assist for blockchain functions, and in establishing a provide chain for cryptocurrency mining. The settlement contains an preliminary order from Meten for 1,500 Bitcoin mining machines price US$12 million.  Meten additionally has an choice to buy further machines.

AGMH via its strategic partnership with HighSharp (Shenzhen Gaorui) Digital Expertise Co., Ltd (“HighSharp”) has constructed a cutting-edge R&D functionality with engineers who’re specialists in blockchain and associated applied sciences, which can be the foremost purpose why Meten selected to accomplice with AGMH.

Mr. Chenjun Li, Co-Chief Govt Officer of AGMH, commented, “We’re delighted to accomplice with Meten to additional develop a blockchain ecosystem that integrates know-how, merchandise, gross sales and repair.  Constructing on our lately introduced AGMH-HighSharp partnership, we see rising demand for our high-performance mining {hardware} and associated computing gear.  These partnerships additional validate our place within the cryptocurrency mining world.  Wanting forward, we’re optimistic in our means to assist mining purchasers to reinforce their computing energy, enabling their success within the quickly rising cryptocurrency trade whereas producing worth for our shareholders.”

Mr. Jason Zhao, Co-Founder and Govt Director of Meten, mentioned: “We’re thrilled to be working with AGMH.  With respective strengths, we consider our partnership will additional unlock the total potential of the blockchain and cryptocurrency enterprise, placing each of us on the most effective path to success.”

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 providers and producing high-performance {hardware} and computing gear. AGMH’s mission is to develop into one of many key individuals and contributors within the international fintech and blockchain ecosystem. For extra data, please go to www.agmprime.com.

About Meten Holding Group Inc.

Meten Holding Group Ltd., previously referred to as Meten EdtechX Training Group Ltd., is among the main omnichannel English language coaching (“ELT”) service suppliers in China, delivering English language and expertise coaching for Chinese language college students and professionals. Along with strengthening its place within the ELT service trade in China, Meten actively explores the blockchain and cryptocurrency mining enterprise exterior China, with a long-term purpose of making worth throughout the cryptocurrency trade. Meten expects to have interaction in companies associated to blockchain and metaverse in North America and different nations and areas world wide (not together with China), together with cryptocurrency mining, mining farm development, and mining pool and information middle operation. The Firm is dedicated to strengthen its aggressive place within the trade and to be a number one know-how pushed blockchain and metaverse firm.

For extra data, please go to: https://investor.metenedu-edtechx.com.

Ahead Wanting Statements

This information launch comprises “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended, and as outlined within the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology comparable to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and comparable statements. All statements aside from statements of historic reality 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 primarily based on administration’s present expectations, assumptions, estimates and projections concerning the Firm and the trade through which the Firm operates, however contain numerous unknown dangers and uncertainties, Additional data concerning these and different dangers is included within the Firm’s filings with the U.S. Securities and Trade Fee. The Firm undertakes no obligation to replace forward-looking statements to mirror subsequent occurring occasions or circumstances, or adjustments in its expectations, besides as could also be required by legislation. Though the Firm believes that the expectations expressed in these forward-looking statements are cheap, it can’t guarantee you that such expectations will develop into appropriate, and precise outcomes might differ materially from the anticipated outcomes. You might be urged to think about these elements 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.

For extra data, please contact:

In China:

On the Firm:
Electronic mail: ir@agmprime.com

The Blueshirt Group
Ms. Feifei Shen
Cellphone: +86 13466566136
Electronic mail: feifei@blueshirtgroup.com

The Blueshirt Group
Ms. Suwen Feng
Cellphone: +86 139-1711-0134
Electronic mail: suwen@blueshirtgroup.com

In the United States:

The Blueshirt Group
Ms. Julia Qian
Cellphone: +1 973-619-3227
Electronic mail: Julia@blueshirtgroup.com

View authentic content material:

SOURCE AGM Group Holdings Inc.

The above press launch was offered courtesy of PRNewswire. The views, opinions and statements within the press launch should not endorsed by Grey Media Group nor do they essentially state or mirror these of Grey Media Group, Inc.



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