AGM Group Holdings ( (AGMH) ) has shared an announcement.
On March 2, 2025, AGM Group Holdings Inc. announced a public offering of 16,390,000 Class A ordinary shares and accompanying warrants, raising approximately $5.4 million in gross proceeds. The offering, which closed on March 4, 2025, was facilitated by Maxim Group LLC as the exclusive placement agent. The proceeds are intended to fund the acquisition of 2,000 bitcoin mining machines, enhancing the company’s operations in the blockchain and cryptocurrency mining industry. This strategic move is expected to strengthen AGM’s market position and potentially increase shareholder value.
More about AGM Group Holdings
AGM Group Holdings Inc. is an integrated technology company that specializes in assembling and selling high-performance hardware and computing equipment. The company focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips and the production of high-end crypto miners for Bitcoin and other cryptocurrencies.
YTD Price Performance: -93.00%
Average Trading Volume: 1,043,017
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.77M
Learn more about AGMH stock on TipRanks’ Stock Analysis page.