Benzinga | Aug 12, 2021 08:05AM EDT

AGM Group Holdings Inc. Announces Launch Of ASIC Miner With Hash Rate Up to 110T

AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ:AGMH), an integrated technology company focusing on high-performance chip solutions, computing equipment and fintech software services, today announced the launch of its first ASIC Miner - KOI MINER C16 ("C16"). C16 is equipped with the C3012 chip made by Semiconductor Manufacturing International Corp.'s N+1 process. C16 has a hash rate up to 113 TH/s and a power efficiency ratio of 30 J/T, supporting the mining of BTC, BCH and other cryptocurrencies. C16 is expected to launch sales in the United States, Canada and Europe around the end of August 2021.

For the external structure, C16 adopts the design of dual air ducts, which significantly resolves the high-temperature shortcomings of similar products and optimizes the performance of the miners. It also supports cluster deployment and network monitoring. C16's core hash rate and unit power consumption parameters have surpassed its peer miners and are among the top global high hash rate miner models. C16 users could generate more cryptocurrencies at a lower cost, enjoying an upgrade in mining experience.