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AGM Group Holdings Inc. Announces Launch of ASIC Miner with Hash Rate Up to 110T
BEIJING, Aug. 12, 2021 /PRNewswire/ -- AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ: AGMH), an integrated technology company focusing on
About this update from Agm Group Holdings Inc.
[{"type":"text","content":"BEIJING, Aug. 12, 2021 /PRNewswire/ -- AGM Group Holdings Inc. (\"AGMH\" or the \"Company\") (NASDAQ: AGMH), an integrated technology company focusing on high-performance chip solutions, computing equipment and fintech software services, today announced the launch of its first ASIC Miner - KOI MINER C16 (\"C16\"). C16 is equipped with the C3012 chip made by Semiconductor Manufacturing International Corp.'s N+1 process. C16 has a hash rate up to 113 TH/s and a power efficiency ratio of 30 J/T, supporting the mining of BTC, BCH and other cryptocurrencies. C16 is expected to launch sales in the United States, Canada and Europe around the end of August 2021.\nFor the external structure, C16 adopts the design of dual air ducts, which significantly resolves the high-temperature shortcomings of similar products and optimizes the performance of the miners. It also supports cluster deployment and network monitoring. C16's core hash rate and unit power consumption parameters have surpassed its peer miners and are among the top global high hash rate miner models. C16 users could generate more cryptocurrencies at a lower cost, enjoying an upgrade in mining experience. \nMr. Chenjun Li, Co-CEO of the Company, entered the crypto chip field in 2013 and was one of the pioneers within the industry. With extensive experience and industry resources, Mr. Chenjun Li has been able to ensure the stability of the supply chain and secure the supplies to worldwide cryptocurrencies mining operators despite the global chip shortage. \"Our company attaches great importance to investing in research and development, meeting our customer needs, providing stable product shipments, and maintaining good relationships with our suppliers.\" Mr. Chenjun Li commented, \"The launch of C16 is our initial step to the cryptocurrencies mining market. AGMH is aiming to launch more types of miners in the future, providing diverse product selections to our customers.\"\nAbout AGM Group Holdings Inc.\nIncorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. is an integrated technology company focusing on high-performance chip solutions, computing equipment and fintech software services. For more information, please visit www.agmprime.com. \nForward Looking Statements\nThis news release contains \"forward-looking statements\" within the meaning o...