North America Presents New Opportunities for Crypto Miners -Breaking
In the recent years, cryptocurrency perceptions have changed dramatically. A number of major corporations announced earlier in the year that they were more open to accepting cryptocurrency as payment for their products and services. Major corporations and business have been more open to cryptocurrency and blockchain investments since then. Mastercard (NYSE) recently announced it would acquire CipherTrace blockchain analytics startup, which is just the latest indicator of major companies’ acceptance for the technology.
“Digital assets can reimagine commerce from every day acts such as paying or getting paid, to transform economies and make them more inclusive and productive.”
said Ajay Bhalla, President, Cyber & Intelligence at Mastercard.
With the explosive growth of digital assets, comes the necessity to protect it. We will use the complementing capabilities of Mastercard & CipherTrace in order to achieve this goal.
AGM Group Holdings Inc. (NASDAQ: AGMH), Marathon Digital Holdings, Inc. (NASDAQ: MARA), HIVE Blockchain Technologies Ltd. (NASDAQ: NASDAQ:), SOS Limited (NYSE: SOS), Bit Digital, Inc. (NASDAQ: BTBT)
It is constantly evolving, and the cryptocurrency market has become more complicated. Because of the popularity of digital currencies, governments are pushing for greater regulation. The New York Times reports that cryptocurrency has evolved from being a curiosity to a highly-accepted innovation. Federal regulators are now racing to reduce the risks to consumers and the financial markets.
“The concern has only grown because both established and newly formed firms are rushing to discover ways to gain from the vast wealth of cryptocurrency in the traditional financial system via quasi-banking services, such as interest-bearing and lending.”
According to the Times, Market Research Engine predicts that the global blockchain market will grow at an annual rate of 69.3% and USD 15.1 Billions by 2024.
AGM Group Holdings Inc. (NASDAQ: AGMH) just announced breaking news that, “the Company is exploring strategic opportunities to set up a North American manufacturing base in the United States or Canada, in order to position the company’s leadership in Bitcoin mining.
The move is part of AGMH’s ongoing efforts to expand its global footprint in the mining machine industry, and signifies a new phase of growth for the Company. North America is a key region for Bitcoin mining. Therefore, building a manufacturing base in America or Canada will allow the Company to be closer to its customers and streamline the supply chain. It will also reduce the global logistics impact, increase local market penetration, and mitigate any potential disruptions. Pittsburgh and Seattle are among the Company’s considerations for the manufacturing base, which is expected to accommodate AGMH’s R&D lab, hardware production, assembly and business development team.
Bo Zhu (Chief Strategy Office, AGMH) is leading this initiative. Zhu is an expert in North America’s local customers and relationships. AGMH sent samples of components from mining machines to local producers for testing and selection.
The Co-Chief Executive of AGMHMH Mr. Chenjun Li commented:
“Apart China, we’re committed to creating and manufacturing high-performance mining machine hardware and software to serve a wider client pool in foreign countries. This new manufacturing base is crucial for the North American mining machine business. It will also help us to grow our Company’s next stage of growth.
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