Breaking News: AGM Group Announces Strategic Partnership with Meten for Blockchain and Cryptocurrency Mining Business | Financial Buzz

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

AGM Group Holdings Inc. (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 in establishing a supply chain for cryptocurrency mining. 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 ahead, we are optimistic in our ability to help mining clients to augment their computing power, enabling their success in the rapidly growing cryptocurrency industry while generating value for our shareholders.”

Mr. Jason Zhao, Co-Founder and Executive Director of Meten, said: “We are thrilled to be working with AGMH.  With respective strengths, we believe our partnership will further unlock the full potential of the blockchain and cryptocurrency business, putting both of us on the best path to success.”

About AGM Group Holdings Inc.

Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment. AGMH’s mission is to become one of the key participants and contributors in the global fintech and blockchain ecosystem. For more information, please visit www.agmprime.com.

About Meten Holding Group Inc.

Meten Holding Group Ltd., formerly known as Meten EdtechX Education Group Ltd., is one of the leading omnichannel English language training (“ELT”) service providers in China, delivering English language and skills training for Chinese students and professionals. In addition to strengthening its position in the ELT service industry in China, Meten actively explores the blockchain and cryptocurrency mining business outside China, with a long-term goal of creating value across the cryptocurrency industry. Meten expects to engage in businesses related to blockchain and metaverse in North America and other countries and areas around the world (not including China), including cryptocurrency mining, mining farm construction, and mining pool and data center operation. The Company is committed to strengthen its competitive position in the industry and to be a leading technology driven blockchain and metaverse company.

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