$AGM Group (AGMH.US)$ AGM Group Holdings (NASDAQ: AGMH) has ...

$AGM Group (AGMH.US)$ AGM Group Holdings (NASDAQ: AGMH) has signed an investment intention agreement with Canadian energy technology company Nowlit Solutions Corp. to expand high-performance computing capabilities. Under the agreement, Nowlit will contribute its existing 50 megawatts (MW) data center assets to AGM Energy Corp., their joint venture in Canada.

The initial 50MW contribution will enable hosting over 6,800 high-performance computing servers, providing an estimated computing power of 2,457 petahashes. The joint venture plans to expand capacity by 20MW per month over the next two years, targeting a total capacity of 375MW and 18,427 petahashes of computing power.