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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 "Company") (NASDAQ: AGMH), an integrated technology company focusing on providing
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[{"type":"text","content":"BEIJING, Nov. 3, 2021 /PRNewswire/ -- 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, announced today 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.\nPursuant to the Order agreement, AGMH is expected to deliver 10,000 units of 100 TH/S KOI mining machines worth US$65 million in the second half of 2022. This agreement also provides Code Chain with an option to purchase 10,000 additional mining machines. \nMr. Chenjun Li, Co-Chief Executive Officer of AGMH, commented: \"We are very pleased with this collaboration with Code Chain, and we believe it is a fantastic step forward for both parties. This Order signifies that the quality of our mining equipment is recognized in the industry. This will further strengthen our ability to serve a broad and growing client base. Looking ahead, we will continue to enhance our expertise, technology, and talent to explore business opportunities while helping our clients to innovate and thrive in the evolving cryptocurrency market.\"\nMr. Tingjun Yang, Chief Executive Officer of Code Chain, said, \" Our team is excited to partner with AGMH. The collaboration will provide us with a long-term and stable supply of mining equipment, marking a major milestone in our continued mining expansions.\"\nAbout AGM Group Holdings Inc.\nIncorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focusing on providing fintech software services and producing high-performance 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, please visit www.agmprime.com. \nAbout Code Chain New Continent Limited\nCode Chain New Continent Limited engages in the research, design, and development of electronic tokens that combine the five-W elements (when, where, who, why, what), geographic location via the Beidou satellite system, and identity information using Code Chain technology. The electronic token...