AGM Group Holdings Inc., a fintech software service provider as well as a producer of computing equipment, and hardware in the high-performance category made some bitcoin (BTC) news. The company delivered Bitcoin mining machines of a quantity of 1, 335 units to Meten.
Meten is Meten Holding Group Ltd., listed as METX on NASDAQ. AGM is listed as AGMH on the global stock exchange marketplace.
A Blockchain-Focused Strategic Partnership
This delivery of crypto mining machines by AGM to Meten is toward the business objective of the companies to contribute to the growth of the blockchain ecosystem. The companies aim to achieve this objective by integrating their sales and services as well as their products and technology.
For the uninitiated, crypto mining machines are part of the mining process of cryptocurrencies such as bitcoins. These machines are high-performance computing machines used for bringing new cryptocurrencies into circulation.
The quality and reliability of the computing machines are key to the success of a crypto mining process. Crypto mining involves the resolution of a highly complex code, which necessitates performance-heavy machinery.
A Milestone for AGM Group
AGMH was able to fulfill the order for Meten despite challenges in the global supply chain toward the end of the year, according to the company’s Co-Chief Executive Officer, Mr. Chenjun Li. The company was successful in delivering the entire initial batch of mining machines to METX.
Mr. Chenjun Li also expressed confidence in scaling the company’s supply capabilities to cater to more large-scale orders in the future.
Meten Eyes Greater Growth
With its new procurement, Meten is confident of achieving further success in bitcoin mining. The co-founder of Meten, Mr. Jason Zhao, expressed his delight at the partnership between the two companies.
Mr. Jason Zhao, who is also the Executive Director of METX, expressed confidence in realizing the company’s vision of developing the blockchain ecosystem.
The strategic teaming of Meten and AGM Group – two leading players in the cryptocurrency sector, is yet another milestone for the cryptocurrency industry.
This partnership may encourage more partnerships, which would, in turn, help intensify the reach of cryptocurrencies. Such partnerships would also make reliable mining processes accessible to more crypto enthusiasts and investors