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).

This partnership will be centered on the development and research of blockchain-related applications and on establishing a supply network for cryptocurrency mining. Meten has placed an initial order of 1,500 mining equipment worth US$12m in this agreement. Meten has the option of purchasing 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.

Comments by Mr. Chenjun Li Co-Chief executive officer at AGMH

Meten and I are pleased to be partnering to create a Blockchain ecosystem that includes technology, product sales, service, and products. Our high-performance, mining equipment and other computing gear are in increasing demand. This is in addition to the recently announced AGMH HighSharp partnership. Our position as a cryptocurrency miner is further supported by these partnerships. We are confident in our future ability to assist mining clients in increasing their computing power and allowing them to succeed in the fast-growing cryptocurrency industry. This will allow us to generate value for shareholders.
Jason Zhao is the Co-Founder of Meten and its Executive Director.

We are delighted to work with AGMH. We believe that our mutual strengths will allow us to unlock the potential of blockchain and cryptocurrency businesses, which will put both of us on a path of success.

FinancialNewsMedia provides the following information.

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