AGM Receives Second Batch of Orders for ASIC Miners

AGM Receives Second Batch of Orders for ASIC Miners
AGM Group, a fintech software-service and hardware provider, said it received an order for 25,000 of its 100 terahash-per-second ASIC miners from MinerVa Semiconductor.The Beijing-based company will get $20 million in deposit, with the rest paid before delivery starts, according to a statement. The company didn’t disclose the total amount for the deal.“The purchase enables us to increase our cash flow, which gives us a sound financial footing as we begin our plans for mass production in 2022,” said recently appointed Steven Sim, the company’s chief financial officer.MinerVa is a high-performance ASIC design and manufacturing company that provides technology services…