Meten Holding Group Ltd. (“Meten” or the “Company”) (NASDAQ: METX), one of the leading omnichannel English language training (“ELT”) service providers in China with a strategic plan in developing its blockchain and cryptocurrency mining business, today announced that it entered into a strategic cooperation agreement (the “Agreement”) with AGM Group Holdings Inc. (“AGMH”) (NASDAQ: AGMH), an integrated technology company focusing on fintech software services and high-performance hardware and computing equipment manufacturing, to accelerate the development Meten’s blockchain and cryptocurrency mining business.
Pursuant to the Agreement, both parties agree to primarily cooperate on the research and development of blockchain applications and the establishment of a supply chain for cryptocurrency mining business. The Agreement contains an initial order of AGMH’s cryptocurrency mining machines from Meten and an option for Meten to purchase additional machines later.
Mr. Jason Zhao, Co-Founder and Executive Director of Meten, commented: “We are thrilled to be working with AGMH, a company with excellent design and production capabilities of sophisticated high-performance chipsets and equipment. AGMH, through its strategic partnership with HighSharp (Shenzhen Gaorui) Electronic Technology Co., Ltd., has upgraded its R&D capabilities and built a team of engineers with expertise in blockchain and related technologies. Leveraging AGMH’s advanced technology, experienced team and superior quality miners, we believe our partnership will accelerate Meten’s development in the field of blockchain and cryptocurrency and further unlock the full potential of our new business initiatives, putting us on the best path to success.”
About Meten Holding Group Inc.
Meten Holding Group Ltd., formerly known as Meten EdtechX Education Group Ltd., is one of the leading omnichannel English language training (“ELT”) service providers in China, delivering English language and skills training for Chinese students and professionals. In addition to strengthening its position in the ELT service industry in China, Meten actively explores the blockchain and cryptocurrency mining business outside China, with a long-term goal of creating value across the cryptocurrency industry. Meten expects to engage in businesses related to blockchain and metaverse in North America and other countries and areas around the world (not including China), including cryptocurrency mining, mining farm construction, and mining pool and data center operation. The Company is committed to strengthen its competitive position in the industry and to be a leading technology driven blockchain and metaverse company.
