AGM Group Holdings, Inc. Q3 FY2021 earnings call

• New business launch: The company had revenue of $5.34 million in Q3, with the KOI MINER C16 gaining attention. Secured a purchase order for 67,500 crypto mining machines. - Partnerships: Partnered with Highsharp Electronic Technology, with plans to set up a joint venture where AGM will hold a 60% stake. - Supply chain: Through partnership with Highsharp, can tap into supplier orders for semiconductor wafers, and supply crunch expected to ease mid-2022. - US expansion: Planning to set up a manufacturing base in the US/Canada to be closer to customers and overcome logistic challenges. - Fintech: Expect to enter definitive agreement with Australian licensed broker for social trading and educational websites by end of 2021 Q4; have subsidiaries in Singapore and Hong Kong, expanding team for blockchain and Fintech development.

In the third quarter, AGM Group generated revenue of $5.34 million, primarily from sales of crypto mining machines. Specifically, only 880 machines, approximately 1.3% of current total orders with a total computing power of 79,200 TH per second, contributed to Q3 revenues. The remaining orders will be reflected in future revenues as deliveries are fulfilled. The cryptocurrency mining equipment segment is the main contributor, with revenue from this segment being $5.34 million out of the total revenue.

• Expect to enter definitive agreement with Australian licensed broker for social trading and educational websites by end of 2021 Q4. - Supply crunch in semiconductor expected to ease mid-2022. - Focus in Q4 2021 and 2022: Deliver mining machines, ramp up production capacity, and secure more purchase orders.

• Forward-looking statements involve inherent risks and uncertainties; actual results may differ. - Supply chain challenges with semiconductors, though partnership helps secure resources. - Market risks related to cryptocurrency mining sector.

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