Welcome to our dedicated page for Agm Group Holdings news (Ticker: AGMH), a resource for investors and traders seeking the latest updates and insights on Agm Group Holdings stock.
AGM Group Holdings Inc. (NASDAQ: AGMH) is a leading technology innovator specializing in blockchain infrastructure solutions, including ASIC chip design, cryptocurrency mining hardware, and fintech software services. This page serves as the definitive source for all official company announcements and market-moving developments.
Investors and industry observers will find timely updates on quarterly earnings, strategic partnerships, product innovations, and market expansion initiatives. Our curated news collection includes press releases covering financial results, technology breakthroughs in energy-efficient computing, and advancements in blockchain ecosystem development.
Key updates include announcements about North American data center operations, AI-driven computing solutions, and sustainable mining technologies. All content is sourced directly from AGMH's corporate communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for convenient access to essential information about AGMH's progress in shaping blockchain infrastructure. Check regularly for updates on hardware production milestones, fintech service expansions, and strategic moves within the cryptocurrency technology sector.
AGM Group Holdings Inc. (NASDAQ: AGMH) has appointed Mr. Chong Chao Ma as the new CEO of its Canadian subsidiary, AGM Canada Holdings This strategic move aims to expand the company's presence in the North American cryptocurrency and blockchain market. Mr. Ma brings nearly 30 years of experience in data mining, machine learning, and AI development to his new role.
Previously, Mr. Ma served as the head of development and operation at NOWLIT Solutions Corp. and joint CEO at MinerVa Semiconductor Corp. He holds two Master of Science degrees in Information Technology and Management Information Systems. The company believes that Mr. Ma's expertise will be important in advancing AGM Canada's strategic goals and establishing it as a leader in the technology sector.
AGM Group Holdings Inc. (NASDAQ: AGMH), a fintech and high-performance computing company, has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's stock has traded below $1.00 per share for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). AGMH has been granted a 180-day compliance period until January 13, 2025, to regain compliance by maintaining a closing bid price of $1.00 or higher for at least ten consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day period. AGMH is actively monitoring the situation and considering options to meet the continued listing requirements.
On May 20, 2024, AGM Group Holdings (NASDAQ: AGMH) received a notice from Nasdaq regarding non-compliance due to delayed filing of their 2023 annual report (Form 20-F). The notice doesn't affect the immediate trading or listing of AGMH's securities. The company has 60 days to submit a plan to regain compliance. If Nasdaq approves the plan, AGMH could have until November 11, 2024, to meet the requirements. AGMH is dedicated to resolving this issue promptly.
AGM Group Holdings (AGMH) reported a remarkable financial performance for the first half of 2022, achieving total revenues of $113.6 million, a significant 209.5% increase from the previous period. The net income soared to $14.6 million, marking a 313.6% rise. The company's computing power delivered reached approximately 985,688 TH/S. Despite challenges from the Bitcoin price decline and China's COVID-19 lockdown, AGMH maintained a 19% profit margin, the highest recorded. The outlook remains optimistic, focusing on expansion and technological innovation.
AGM Group Holdings Inc. (NASDAQ: AGMH) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on May 16, 2022. The report includes audited consolidated financial statements and is available on the Company's website and the SEC's site. Shareholders can request a hard copy of the report free of charge. Established in April 2015, AGMH provides fintech software services and high-performance hardware.
AGM Group Holdings Inc. (AGMH) reported robust financial results for Q4 and full year 2021, indicating significant growth in the cryptocurrency mining sector. Q4 revenues soared to $31.37 million, a dramatic increase from $13,595 in Q4 2020, while full-year revenues reached $36.71 million, up from $53,305 in 2020. Net income for Q4 was $3.84 million, reversing a loss from the prior year. The company delivered 440,000 TH/S of computing power. AGMH is also planning a strategic relocation to North America, aiming to further enhance its market growth.