Share this article
BTC
$82,810.37
-
0.75%ETH
$1,788.43
-
1.03%USDT
$0.9995
-
0.01%XRP
$2.0843
-
3.59%BNB
$588.82
-
1.31%SOL
$118.56
-
1.36%USDC
$1.0000
+
0.01%DOGE
$0.1642
-
3.45%ADA
$0.6381
-
3.50%TRX
$0.2386
+
0.81%LEO
$9.0354
+
0.56%LINK
$12.61
-
2.19%TON
$3.3063
+
0.12%XLM
$0.2499
-
2.62%SHIB
$0.0₄1210
-
1.94%AVAX
$17.18
-
5.80%SUI
$2.1496
-
4.52%HBAR
$0.1561
-
3.73%LTC
$81.27
-
2.70%OM
$6.2007
-
0.15%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
AGM Receives Second Batch of Orders for ASIC Miners
The order from MinerVa builds on a previous deal for 30,000 units of ASIC crypto miners to Nowlit Solutions.
AGM Group, a fintech software-service and hardware provider, said it received an order for 25,000 of its 100 terahash-per-second ASIC miners from MinerVa Semiconductor.
- The Beijing-based company will get $20 million in deposit, with the rest paid before delivery starts, according to a statement. The company didn’t disclose the total amount for the deal.
- “The purchase enables us to increase our cash flow, which gives us a sound financial footing as we begin our plans for mass production in 2022,” said recently appointed Steven Sim, the company’s chief financial officer.
- MinerVa is a high-performance ASIC design and manufacturing company that provides technology services to notable global blockchain players including Terawulf and TrueNorth Data Solutions.
- On Oct. 13, AGM Group signed a deal to supply 30,000 units of 100 TH/s ASIC crypto miners to Nowlit Solutions .
- The stock of AGM Group (AGMH) was up 3.2% on Wednesday at 10 a.m. in New York.
Aoyon Ashraf
Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.
