AGM Group Announces Order for 10,000 Cryptocurrency Mining Machines from Code...
Beijing, China, November 1, 2021 – AGM Group Holdings Inc (“AGMH” or ‘the Company) (NASDAQ: AGMH), an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment, announced today that it has won a purchase order (the “Order”) from Code Chain New Continent Limited (“Code Chain” or “CCNC”) (NASDAQ: CCNC), a vertically integrated cryptocurrency miner, for cryptocurrency mining machines. Pursuant to the Order agreement, AGMH will deliver 10,000 units of KOI Miner 100 TH/S mining machines worth....
Related News
Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting that this is Iran’s largest seizure of cryptocurrency mining machines to date. Tehran police chief General Hossein Rahimi said that the mining machines were seized at an illegal mining farm — an abandoned factory west of the capital. Cryptocurrency mining is an authorized activity in....
Shenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd., a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch of mining machines to Kazakhstan.” The company explained that bitcoin mining machines will be delivered to Kazakhstan in three batches. The first batch consists of “320 mining machines with a theoretical maximum total hash rate capacity of 18.2 PH/s,” Bit Mining claims, noting....
Over 1,000 bitcoin mining machines have been totally destroyed in Malaysia after they were seized for illegally mining the cryptocurrency using stolen electricity. The mining machines, worth about $1.26 million, were steamrolled in the Malaysian city of Miri and eight people have been arrested so far. Over a Thousand Bitcoin Mining Machines Demolished in Malaysia Malaysian authorities have completely destroyed 1,069 bitcoin mining machines confiscated between February and April with a steamroller, local media reported Friday. The mining machines were seized in a joint operation carried out....
BEIJING, October 26, 2021 – AGM Group Holdings Inc. (“AGMH” or the “Company”) (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 establishing a supply chain for cryptocurrency mining business. The agreement includes an initial order from Meten for 1,500 Bitcoin....
Bitcoin mining operations have become cheaper these days, as the value of the cryptocurrency has been steadily declining. On Amazon.com, bitcoin mining rigs can be bought for less than $1000 while some startup companies claim that you can be able to run a bitcoin miner for lower electricity costs. Smaller ASIC bitcoin mining machines of approximately 1000-1115 GH/s cost roughly $500-700 per unit, reflecting how smaller-scale miners can be able to have their own technologies. The Bitmain AntMiner S5 claims to be the most power-efficient Bitcoin miner currently on the market and it also....