NEW YORK, Sept. 15, 2026 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (NASDAQ: AGMH, the “AGM Group” or the “Company”) today plans to commercialize the DePIN desktop node it is jointly developing with HashBeaver. Based on the previously disclosed trial production phase, the company intends to enhance preparations for volume production, develop sales channels and evaluate the integration of AI services. These efforts aim to generate additional revenue from hardware sales through product deliveries while exploring recurring revenue opportunities from contract management and AI services.
September 8, 2026
The company announced the joint development project with HashBeaver and revealed that the product has entered the beta production phase. Designed for homes, offices, and developers, the node uses an application-specific integrated circuit (“ASIC”) to perform SHA-256 hashes for Bitcoin mining. Planned features include connectivity to decentralized physical infrastructure networks (“DePIN”) and AI-assisted device management.
Preparing for production and sales in large quantities
AGM Group intends to apply systems engineering, manufacturing quality management, and supply chain orchestration capabilities to advance product testing, obtain applicable certifications, and prepare for high-volume manufacturing with HashBeaver. The parties plan to evaluate direct sales through official websites, regional distribution and wholesale purchases by partners as part of a phased market launch where permitted by applicable law.
Once the product is ready for delivery and the relevant commercial arrangements are in place, AGM intends to generate revenues from the supply of hardware, systems integration and agreed technical support services. The company plans to align production and inventory batches with confirmed orders and sales channel performance, while expanding delivery based on actual customer demand.
The company believes that Desktop Node can expand its hardware business to include individual users and small enterprises, adding a new product category to its offerings. As commercial deliveries begin and sales continue to grow, the business can contribute to increased revenues. The Company intends to monitor delivery volumes, realized selling prices, unit manufacturing costs and after-sales expenses to support the commercial sustainability of the product.
Evaluation of AI management and cloud services
The product’s planned AI capabilities will focus on device operations, including recommendations based on temperature, power consumption, network conditions, anomaly detection, and assistance with managing multiple devices. These functions are intended to reduce the configuration and maintenance workload for users and improve the device experience.
In subsequent software releases, the two parties intend to evaluate AI operations assistants and AI agent capabilities that would allow users to query device status, interpret alerts, and obtain operating recommendations through natural language interactions. Device configuration procedures will be performed within the scope authorized by the user. These capabilities remain subject to product development, testing, and validation.
The two parties also intend to evaluate integration with HashBeaver’s planned AI computing services and intelligent routing platform, allowing users to access cloud-based AI models and related services through accompanying software. This approach could enable existing device users to access AI services after the initial sale of devices, creating potential additional business opportunities.
The local computing capacity of the first generation ASIC node is dedicated to mining SHA-256 Bitcoin and does not perform general-purpose AI model training or inference. The planned AI model services will be provided through the integrated cloud computing infrastructure separately.
Explore recurring service revenue
The supply and delivery of hardware are the intended primary revenue sources for the project. As device deployments and active users increase, the two parties plan to evaluate management subscriptions for users running multiple devices, remote operations, maintenance services, and value-added technical support. They also intend to explore usage-based pricing for cloud AI services.
Once these services are developed and ready for commercialization, the customer base created through device sales can support subsequent service revenues and increase the lifetime value of the customer over the life of the device. Any financial contribution to the AGM from these services will depend on the service responsibilities, pricing and revenue sharing arrangements ultimately agreed upon between the parties.
The AGM will recognize the relevant revenue based on actual contracts and the fulfillment of applicable performance obligations. The production of inventory, expressions of interest through sales channels, and growth in platform users do not in themselves constitute recognized revenue.
Management comment
Dr. Bo Zhou, CEO of AGM Group Holdings Inc., commented:
“We aim to translate AGM’s systems engineering and supply chain capabilities into products that we can deliver consistently and meet user needs. The DePIN desktop node we are developing with HashBeaver provides a product opportunity to expand our hardware customer base and generate additional sales revenue.
“Our next phase will focus on product validation, cost management and sales execution. With the introduction of AI management capabilities and cloud services, we also aim to provide ongoing value to customers who have purchased our devices and continue to develop service revenue opportunities beyond the initial delivery of devices.”
Complete AI server work
September 3, 2026
AGM Group revealed that it has begun mass production and delivery of its all-flash servers. The company believes that enterprise AI storage and server products, along with desktop nodes for individuals and small enterprises, can meet different segments of demand for computing infrastructure.
By applying shared systems engineering, supply chain management and delivery support capabilities across product lines, AGM intends to expand its hardware offering and evaluate opportunities to sell software and technology services. The commercial progress and revenue contributions of the Desktop Node will depend on its testing and certification results, market demand and actual deliveries.
As the project progresses, the two parties plan to provide more information on verified product specifications, AI capabilities, initial sales markets and channels, pricing, and delivery schedules. They also intend to disclose confirmed orders, deliveries and related business developments at appropriate stages.
About AGM Group Holdings Inc.
AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focused on the research, development, assembly and sale of high-performance computing devices and equipment. Its business covers ASIC computing technology, cryptocurrency mining equipment, high-performance server systems, and emerging AI infrastructure solutions.
For more information, please visit
https://agmhgroup.com/
.
About Hash Beaver
HashBeaver is a digital infrastructure company focused on developing ASIC chips, Bitcoin mining technology, mining pool services, DePIN nodes and distributed computing solutions. It seeks to connect devices, computing networks, and artificial intelligence services.
For more information, please visit
https://hashbeaver.com/
.
Forward-looking statements
This announcement contains forward-looking statements, including statements regarding production volume, certifications, sales channels, commercial delivery, AI and AI agent capabilities, platform integration, pricing models, revenue growth, cost management, and business synergies. These statements are based on the Company’s current expectations, involve known and unknown risks and uncertainties, and are not guarantees of future revenues, profitability or product performance.
Actual results may vary materially due to factors including product development and certification timelines, component availability, financing and working capital requirements, manufacturing costs, market demand, customer payments and returns, collaboration agreements, cloud service costs, changes in Bitcoin market conditions, and applicable laws and regulations. Investors should also review the relevant risks disclosed in the company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement except as required by law.
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AGM Group Holdings Inc.
Email:
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Website:
https://agmhgroup.com/
