Financially, agm group holdings became off to a exquisite q3, with sales of $five.34 million, rewarding its foray into bitcoin system manufacturing.

With its mostly foreign purchaser base, it changed into not predicted to be suffering from china's internal regulatory actions on crypto, until this information approximately the biden administration probably focused on smic.

Now, with smic, a chinese language chipmaker (fab) offering semiconductors to agmh, the latter should run out of components.

Being also a designer of chips, AGMH could still source chips from alternative fabs, and its miners are also more efficient than competitors.

With its strategic purpose to begin operations in the u.s. and excessive 2022 capability sales in case it is able to deliver, the corporation should be on traders' watchlist.

Those who have been investing in Bitcoin mining companies have often read about their CEOs ordering tens of thousands of miners from suppliers in China. One of these suppliers who also manufactures coin-producing machines is AGM Group Holdings (NASDAQ:AGMH), one of the few U.S.-listed companies.

However, I found it intriguing that the company's shares (in deep blue) have been battered much more than Bitcoin (BTC-USD) itself, as well as Code Chain New Continent (NASDAQ:CCNC), a miner to which AGMH is expected to deliver 10,000 units of its KOI mining machines worth $65 million in the second half of 2022.