AGM GROUP HOLDINGS, INC.

We are a technology company that researches, develops, manufactures, assembles, and sells technology hardware. Our products and services include technology hardware. In the third quarter of 2021, we decided to enter into ASIC chip research and development through AGM HK. In August 2021, we launched our first ASIC crypto Miner, the KOI MINER C16 ("C16"). The C16 uses the C3012 chip, manufactured with Semiconductor Manufacturing International Corp.'s N+1 process. The C16 has a hash rate up to 113 TH/s and a power efficiency ratio of 30 J/T, supporting the mining of Bitcoin, Bitcoin Cash (BCH), and other cryptocurrencies. Our main competitors in cryptocurrency mining equipment are Bitmain, Canaan, and MicroBT, all located in China with ASIC research and development capabilities and supply chain connections in China. The C16's parameters exceed those of competitors' models, including Bitmain's Antminer S19 pro (power consumption of 3250W, hash rate of 104TH/S), Canaan's AvalonMiner1246 (A1246 hash rate of 90TH/S, power consumption of 3420W, power efficiency of 38J/T), and MicroBT's Whatminer M30S ++ (hash rate of 112TH/S, power consumption of 3472 W, power efficiency of 31 J/T). Since its launch, we have received orders for the C16 from buyers in the United States, Canada, and Europe.