Mar 1 2024: AGM Group Holdings Inc. (“AGMH” or the “Company”) (AGMH) has revealed its strategic enhancement designed to expedite its global expansion efforts. The focus is on advancing its Bitcoin mining and data center operations, with AGM Group diversifying its portfolio to encompass digital technology, cryptocurrency mining, and technology hardware research and development, manufacturing, and sales.
Drawing on its extensive track record of fostering customer relationships for mining machine acquisitions and collaborating with energy partners possessing significant energy reserves, AGM Group is primed to broaden its presence in the mining industry. The company’s expansion approach is multifaceted, incorporating self-developed projects, joint mining ventures, and strategic acquisitions. AGM Group is dedicated to establishing and managing Bitcoin mining data centers, alongside providing hosting services, in strategically selected locations such as the United States, Canada, and Central Asia. This initiative marks a substantial advancement in AGM Group’s quest to emerge as a leader in the global mining sector.
Mr. Zhu Bo, Chairman and CEO of AGM Group, expressed his enthusiasm for the company’s prospects, remarking, “We are currently engaged in initial discussions with energy providers and bitcoin mining farms that operate established mining sites already utilized by clients, as well as conversing with our customers who require immediate mining hosting services. Further details are expected to be shared imminently. Our initial objectives include overseeing up to 200MW of data centers worldwide, targeting a hash rate of up to 5 EH/s, and deploying over 50,000 mining machines by the conclusion of 2024.”
He continued, stating, “AGMH is poised to become a pivotal presence in the mining industry, serving as a crucial intermediary between two indispensable realms. On one front, our extensive expertise and industry insight position us ideally to comprehend and meet the needs of hosting customers. Conversely, we possess unique partnerships with energy sources that may lack the expertise in establishing hosting facilities or accessing potential customers. AGM is positioned to bridge this gap, furnishing essential expertise and customer access. This strategic enhancement isn’t merely an evolution—it signifies a transformative stride forward in our pursuit of global expansion, underscoring our commitment to innovation within the mining sector and beyond. We firmly believe that this upgraded strategy will equip our company with a more robust business framework, propel accelerated growth, and deliver heightened value returns to our shareholders.”
