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) completed a registered direct offering of 2,898,552 Class A ordinary shares and a private offering of warrants for 1,449,276 Class A ordinary shares, raising approximately $20 million. This offering was conducted under a shelf registration statement filed with the SEC. The shares were registered, while the warrants and underlying shares are exempt from registration requirements. The law firm Ortoli Rosenstadt LLP represented AGM Group in this transaction, which could potentially enhance the company’s liquidity and growth prospects.
AGM Group Holdings Inc. (AGMH) has completed a registered direct offering and private placement, raising approximately US$20 million in gross proceeds. The offering includes 2,898,552 Class A ordinary shares priced at $6.90 each, with investors receiving one-half unregistered warrant per share. The 3.5-year warrants, exercisable at $8.30, total 1,449,276. Proceeds will support research and development, equipment sourcing, and talent recruitment, bolstering AGMH’s position in the blockchain ecosystem.
AGM Group Holdings Inc. (NASDAQ: AGMH) has announced a registered direct offering of $20 million of its Class A ordinary shares, expected to close around December 14, 2021. The offering includes 2,898,552 shares priced at $6.90 each, with investors also receiving warrants. Each share sold will be paired with one-half of a warrant, totaling 1,449,276 warrants at a strike price of $8.30. FT Global Capital, Inc. is the exclusive placement agent. The offering will be conducted under an effective shelf registration statement.
AGM Group Holdings Inc. (AGMH) reported its unaudited financial results for Q3 2021, highlighting significant growth in revenue and profitability. Total revenues soared to $5.34 million, up from $31,261 the previous year, largely due to the sale of cryptocurrency mining machines. Gross profit reached $0.71 million, marking a substantial increase. AGMH reversed its net loss to a net income of $0.20 million, compared to a loss of $0.32 million in Q3 2020. The company also secured multiple large purchase orders for its mining machines, reinforcing its market position amid ongoing semiconductor shortages.
AGM Group Holdings Inc. (NASDAQ: AGMH) announced it will report its unaudited financial results for Q3 2021 on December 3, 2021, before U.S. market opens. The earnings conference call will occur at 8:00 AM ET on the same day. Interested participants must register online beforehand to obtain access details. Founded in April 2015 and headquartered in Beijing, AGMH focuses on fintech software services and high-performance computing equipment, aiming to contribute to the global fintech ecosystem.
AGM Group Holdings Inc (AGMH) announced its plans to explore strategic opportunities for establishing a manufacturing base in North America, specifically in the U.S. or Canada, to enhance its position in the Bitcoin mining sector. This initiative aims to streamline supply chains and improve local market penetration. Potential locations include Pittsburgh and Seattle. Led by Chief Strategy Officer Bo Zhu, AGMH has already started testing components with local manufacturers. Co-CEO Chenjun Li highlighted the significance of this move for expanding their North American operations and client engagement.
AGM Group Holdings Inc (AGMH) has secured a purchase order from Code Chain New Continent Limited (CCNC) for 10,000 cryptocurrency mining machines valued at $65 million. The order is set for delivery in the second half of 2022 and includes an option for an additional 10,000 units. This collaboration is expected to strengthen AGMH's position in the cryptocurrency market and enhance its capabilities in providing high-performance mining equipment. The agreement marks a significant milestone for both AGMH and CCNC as they expand in the cryptocurrency sector.
AGM Group Holdings Inc. (AGMH) has announced a strategic partnership with Meten Holding Group Ltd. (METX) on October 26, 2021. This collaboration aims to advance research and development for blockchain applications and establish a supply chain for cryptocurrency mining. Meten has placed an initial order for 1,500 Bitcoin mining machines valued at $12 million, with options for more. AGMH's partnership with HighSharp has bolstered its R&D capabilities, positioning the company favorably in the cryptocurrency mining sector, as expressed by executives from both companies.
AGM Group Holdings Inc. (Nasdaq: AGMH) announced a significant order to supply MinerVa Semiconductor Corp. with 25,000 units of its 100 TH/S MinerVa MV7 ASIC for crypto mining. The order, valued at US$20 million as an initial deposit, enhances AGMH's financial position and supports its growth strategy. CFO Steven Sim highlighted this order's role in increasing cash flow and establishing a solid foundation for mass production plans in 2022, thereby positioning AGMH to capitalize on growth opportunities in the fintech and blockchain sectors.
AGM Group Holdings Inc. (AGMH) announced a significant purchase order from Nowlit Solutions Corp for 30,000 units of 100 TH/S ASIC crypto miners, totaling a hash power of 3000 PH/S. The fulfillment is expected in Q4 2021, aligning with AGMH's goal to achieve USD 100 million in orders. This order marks a pivotal moment in AGMH's growth strategy and partnership with HighSharp Electronic Technology. The company aims to enhance its position within the fintech and blockchain industries.
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