AGMH Enters Strategic Partnership with AI Service Provider RDA to Construct AI Data Centers
BEIJING, April 9, 2024 /PRNewswire/ -- AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ: AGMH), an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment, is thrilled to announce the signing of a Memorandum of Understanding (MOU) with RED DOT ANALYTICS PTE. LTD. ("RDA"), for collaborative efforts in constructing AI data centers.
Red Dot Analytics, renowned for its groundbreaking work in AI solutions, has notably led the deployment of AI-driven optimization platform in the world's first "Sustainable Tropical Datacenter Testbed", showcasing expertise in Digital Twin and Physics-informed AI. Their focus on Cognitive Twin Solutions emphasizes AI-driven optimization for sustainable design and operational efficiency in data centers. The outcomes of RDA's AI solutions have been remarkable in areas of reducing energy consumption, enhancing resilience in both design and operations, as well as improving asset utilization. Supporting both AI-Datacenters, and colocation datacenters, more than 130MW of IT capacity and more than 10K racks, RDA's solutions are currently deployed in over 15 data centers across Singapore, Hong Kong, and Malaysia.
Under the MOU, RDA will strategically collaborate with AGMH to pioneer innovative initiatives in constructing AI hyper-connected GPU-driven data centers. Leveraging RDA's advanced Digital-twin platform and Company's purpose-built data centers for AI workloads, the partnership aims to validate designs, optimize predictions, improve PUE, and enable intelligent monitoring. Together, they will develop Digital-twin based, AI-driven solutions to enhance energy efficiency and sustainability in AI data centers. Pilot projects for AI data centers in Asia and Canada are set to commence, with further details to be discussed.
Mr. Zhu Bo, Chairman and Chief Executive Officer of AGM Group, commented, " We are pleased to solidify our collaboration with RDA, which highlights our commitment to sustainable growth and innovation in AI computing. We believe RDA's solution will significantly reduce the carbon footprint of our AI data centers, creating substantial value throughout their lifecycle. Since announcing our strategic upgrade, the deployment of various new businesses has progressed rapidly. We eagerly anticipate accelerating our global business development and delivering enhanced value returns to our shareholders."
Mr. Henry Xu, Chief Executive Officer of RDA, added, "We are delighted to partner with AGM in their journey towards developing next-generation green, sustainable, highly efficient, and resilient data centers to support the widespread adoption of AI. Past achievements and the recognition from major data center operators in Singapore and abroad have demonstrated the effectiveness of our solution. RDA's mission is to bring innovation to the forefront, revolutionizing data center management for a smarter, greener future. We believe that with RDA's industry-validated technology, AGM's business development will become more efficient and sustainable."
About RED DOT ANALYTICS PTE. LTD.
Red Dot Analytics, based in Singapore, is an award-winning spin-off from Nanyang Technological University, Singapore, pioneering industrial artificial intelligence (AI). With a mission to empower data centers with a cutting-edge AI and digital platform, RDA has successfully supported several data centers across Asia, positioning itself as a technology leader to the evolution of data center management and operations in the AI age. RDA's intelligent software brings innovation to the forefront, revolutionizing data center management for a smarter, greener future.
About AGM Group Holdings Inc.
Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focusing on producing high-performance hardware and computing equipment. AGMH's mission is to become one of the key participants and contributors in the global fintech and blockchain ecosystem. For more information, please visit www.agmprime.com.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
For more information, please contact:
In China:
At the Company:
Email: ir@agmprime.com
Website: http://www.agmprime.com
Seaquant Consulting
Ms. Kristy Li
Email: kristy@sea-quant.com
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SOURCE AGM Group
