AGM Receives Second Batch of Orders for ASIC Miners

 AGM Receives Second Batch of Orders for ASIC Miners



AGM Group, a fintech software-service and {hardware} supplier, mentioned it obtained an order for 25,000 of its 100 terahash-per-second ASIC miners from MinerVa Semiconductor.

  • The Beijing-based firm will get $20 million in deposit, with the remainder paid earlier than supply begins, in line with a statement. The corporate didn’t disclose the full quantity for the deal.
  • “The acquisition permits us to extend our money circulate, which supplies us a sound monetary footing as we start our plans for mass manufacturing in 2022,” mentioned recently appointed Steven Sim, the corporate’s chief monetary officer.
  • MinerVa is a high-performance ASIC design and manufacturing firm that gives expertise providers to notable international blockchain gamers together with Terawulf and TrueNorth Knowledge Options.
  • On Oct. 13, AGM Group signed a deal to produce 30,000 models of 100 TH/s ASIC crypto miners to Nowlit Options .
  • The inventory of AGM Group (AGMH) was up 3.2% on Wednesday at 10 a.m. in New York.



Source link

Related post