AGM Group Announces Strategic Partnership with Meten for Blockchain and Cryptocurrency Mining Business
26 Oktober 2021 - 03:00PM
NEWSBTC
BEIJING, October 26, 2021 – 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
it has entered into a strategic partnership with Meten Holding
Group Ltd. (“Meten”) (NASDAQ: METX). The partnership will primarily
focus on research and development support for blockchain
applications, and establishing a supply chain for cryptocurrency
mining business. The agreement includes an initial order from
Meten for 1,500 Bitcoin mining machines worth US$ 12 million.
Meten also has an option to purchase additional machines. AGMH
through its strategic partnership with HighSharp (Shenzhen Gaorui)
Electronic Technology Co., Ltd (“HighSharp”) has built a
cutting-edge R&D capability with engineers who are experts in
blockchain and related technologies, which is also the major reason
why Meten chose to partner with AGMH. Mr. Chenjun Li, Co-Chief
Executive Officer of AGMH, commented, “We are delighted to partner
with Meten to further develop a blockchain ecosystem that
integrates technology, products, sales, and service. Building
on our recently announced AGMH-HighSharp partnership, we see
growing demand for our high-performance mining hardware and related
computing equipment. These partnerships further validate our
position in the cryptocurrency mining world. Looking ahead,
we are optimistic in our ability to help mining clients to augment
their computing power, enabling their success in the rapidly
growing cryptocurrency industry while generating value for our
shareholders.” Mr. Jason Zhao, Co-Founder and Executive
Director of Meten, said: “We are thrilled to be working with
AGMH. With respective strengths, we believe our partnership
will further unlock the full potential of the blockchain and
cryptocurrency business, putting both of us on the best path to
success.” About AGM Group Holdings Inc. Incorporated 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. About Meten Holding Group Inc. Meten Holding
Group Ltd., formerly known as Meten EdtechX Education Group Ltd.,
is one of the leading omnichannel English language training (“ELT”)
service providers in China, delivering English language and skills
training for Chinese students and professionals. In addition to
strengthening its position in the ELT service industry in China,
Meten actively explores the blockchain and cryptocurrency mining
business outside China, with a long-term goal of creating value
across the cryptocurrency industry. Meten expects to engage in
businesses related to blockchain and metaverse in North America and
other countries and areas around the world (not including China),
including cryptocurrency mining, mining farm construction, and
mining pool and data center operation. The Company is committed to
strengthening its competitive position in the industry and to being
a leading technology-driven blockchain and metaverse company. For
more information, please visit:
https://investor.metenedu-edtechx.com. Forward-Looking Statements
This news 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 U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates” and similar statements.
All 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, Further information
regarding these and other risks is included in the Company’s
filings with the U.S. Securities and Exchange Commission. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
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