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

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 ahe...