• Shopify for forex brokers: AGMH provides the comprehensive white-label platform, technology, and liquidity solutions that allow other companies and brokers to offer online forex trading to their customers.
• Fiserv for online trading platforms: Like Fiserv provides core processing and technology solutions for banks and credit unions, AGMH offers the backend infrastructure and fintech services specifically for online trading operations.
• AWS for online trading infrastructure: AGMH provides scalable technological infrastructure and solutions for financial trading, including ventures into digital assets, similar to how AWS provides foundational cloud services for many online businesses.

• Financial Technology Services: This service category involves the development, operation, and maintenance of advanced trading systems and platforms, primarily for online foreign exchange (FX) market products, serving financial institutions and individual investors.
• Trading and Investment Activities: This involves the company engaging in proprietary trading and investment using its own capital across various financial instruments.

AGMH (AGM Group Holdings Inc.) operates as a FinTech service provider offering both comprehensive brokerage services and technology solutions. While they do provide FinTech solutions to financial institutions and technology companies (B2B), a significant portion of their business, particularly through their subsidiary Forge Securities, directly caters to individual investors and traders. Given the nature of their public-facing brokerage platform and the challenges in identifying specific named B2B customers, we will describe AGMH's major customers as primarily individuals for the purpose of this categorization.

The categories of individual customers that AGMH primarily serves include:

• Retail Foreign Exchange (Forex) Traders: Individuals who actively trade currency pairs in the global foreign exchange market, utilizing AGMH's platforms and services for leveraged forex trading.
• Retail Futures and CFD Traders: Individual investors and traders who engage in speculating on the price movements of various financial instruments, such as commodities, stock indices, and cryptocurrencies, through futures contracts and Contracts for Difference (CFDs).
• Individual Investors Seeking Diverse Global Market Access: General individual investors who utilize AGMH's platform to access a wide array of global financial instruments and markets, often seeking advanced trading tools, competitive pricing, and diversified investment opportunities beyond traditional stock trading.

It is also important to note that AGMH provides FinTech solutions (e.g., proprietary trading systems, trading platforms) to financial institutions and technology companies. While specific names of these B2B customer companies are not publicly disclosed, they represent a significant and growing part of AGMH's business, especially in the context of their strategic emphasis on technology solutions.

Bo Zhu, Chief Executive Officer, Chief Strategy Officer and Director
Bo Zhu serves as the Chief Executive Officer, Chief Strategy Officer, and a Director of AGM Group Holdings Inc.. As of July 2025, he holds a majority of the company's voting power through Class B ordinary shares issued for services rendered and to be rendered.

Steven Yuan Ning Sim, Chief Financial Officer
Steven Yuan Ning Sim was appointed as the Chief Financial Officer of AGM Group Holdings Inc. in September 2021. He brings over 15 years of experience in audit and financial management. Prior to joining AGM, Mr. Sim served as the Chief Financial Officer of Pintec Technology Holdings Limited from October 2016 to August 2021. He was also the vice president of finance at Sohu.com Inc. from 2014 to 2016. Earlier in his career, from 2011 to 2014, he was the chief financial officer at Leyou Inc.. Mr. Sim also held various roles at prominent public accounting firms, including Deloitte & Touche, KPMG Europe LLP, Ernst & Young, and BDO Raffles, between 2001 and 2010. Since March 2021, he has also served as an independent director of Skillful Craftsman Education Technology Limited.

Chenjun Li, Co-Chief Executive Officer
Chenjun Li was appointed Co-Chief Executive Officer of AGM Group Holdings Inc. in July 2021. He has more than 10 years of experience in credit card and related systems, and 8 years of experience in blockchain-oriented ASIC and other blockchain application technologies. Before this role, Mr. Li was the Chief Technology Officer at Shenzhen HighSharp Electronics Ltd., where he led the research and development of SMIC and TSMC high-performance ASIC solutions. His previous experience includes positions at Shanghai Huateng Software System Co., Ltd. and Tonglian Payment Network Service Co..

Chong Chao Ma, Chief Executive Officer of AGM Canada Holdings Limited
Chong Chao Ma was appointed CEO of AGM Canada Holdings Limited, a wholly-owned subsidiary of AGM Group Holdings, in August 2024. He has nearly 30 years of experience in data mining, machine learning, and AI development. Before joining AGM Group, Mr. Ma served as the head of development and operation at NOWLIT Solutions Corp. and as joint chief executive officer at MinerVa Semiconductor Corp..

The widespread industry shift away from Proof-of-Work (PoW) consensus mechanisms towards more energy-efficient Proof-of-Stake (PoS) models, exemplified by Ethereum's successful transition, threatens the long-term viability and profitability of AGMH's significant investments in PoW cryptocurrency mining operations and related services. This trend could lead to reduced demand for PoW mining hardware, increased competition for remaining PoW assets, and potential obsolescence of their mining infrastructure.

For AGM Group Holdings Inc. (AGMH), the addressable markets for their main products and services can be identified within the financial technology sector, primarily in the China and Asia-Pacific regions, with some global market data available for related services.

• Financial Technology (Fintech) Services: The China Fintech Market was valued at approximately USD 76.50 billion in 2024 and is projected to reach USD 410.69 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 18.30% between 2025 and 2034. Other estimates for the China Fintech Market indicate a valuation of USD 4.59 trillion in 2024, expected to reach USD 9.97 trillion by 2030 (CAGR 13.8%), and USD 51.28 billion in 2025, climbing to USD 107.55 billion by 2030 (CAGR 15.97%). The transaction value of Fintech in China was estimated to exceed USD 4 trillion in 2023.

• Online Trading and E-Brokerage Services:

  • Global Online Trading Platform Market: This market was valued at USD 10.15 billion in 2024 and is projected to grow to USD 16.71 billion by 2032, exhibiting a CAGR of 6.4% during the forecast period. Another estimate projects the global market to grow from USD 11.64 billion in 2025 to USD 21.37 billion by 2035, with a CAGR of 6.80%.

  • China E-Brokerage Market: This market is anticipated to add more than USD 940 million between 2024 and 2029. China's Online Trading Platform market held the largest market share in the Asia-Pacific region.

  • Securities Brokerage and Transaction Services in China: The market size for this industry in China is estimated at USD 31.5 billion in 2025 and has been growing at a CAGR of 5.5% between 2020 and 2025.

• Algorithmic Trading Solutions: The China algorithmic trading market generated revenue of USD 1,464.6 million in 2024 and is expected to reach USD 3,163.9 million by 2030, with a CAGR of 13.9% from 2025 to 2030.

Here are 3-5 expected drivers of future revenue growth for AGM Group Holdings Inc. (AGMH) over the next 2-3 years:

1. Global Expansion in Bitcoin Mining and Data Center Operations: AGM Group Holdings is strategically expanding its global footprint in Bitcoin mining and data center operations. This initiative includes self-constructed projects, joint mining ventures, and strategic acquisitions in key regions such as the United States, Canada, and Central Asia. The company aims to manage up to 200MW of data centers and deploy over 50,000 mining machines by the end of 2024.
2. Strategic Partnerships to Enhance High-Performance Computing Capabilities: AGMH is focused on strengthening its high-performance computing capabilities through strategic partnerships. An example is the collaboration with Canada's Nowlit Solutions Corp. to develop green energy data centers and boost cryptocurrency computing power. This partnership is expected to lead to the incremental development of additional data centers in Canada over the next two years, targeting a total computing power capacity of 18,427 petahashes. This expansion is aligned with the increasing demand for digital assets and advancements in artificial intelligence technology.
3. Launch of New Blockchain-Oriented Products and Services: The company is driving revenue growth through the research and development, assembly, and sales of new blockchain-oriented products. This includes Application-Specific Integrated Circuit (ASIC) chips and high-end crypto miners specifically designed for Bitcoin and other cryptocurrencies.
4. Expansion of Service Offerings and Strengthening Market Position: AGM Group Holdings is concentrating on expanding its service offerings and strengthening its market position within the technology sector, particularly concerning cryptocurrency mining machines and standardized computing equipment. This broader focus on service expansion and market reinforcement is expected to contribute to future revenue growth.

Share Issuance

• AGM Group Holdings Inc. completed a 50-for-1 reverse stock split effective June 3, 2025, to maintain its Nasdaq listing. This action reduced the total issued and outstanding Class A ordinary shares from approximately 98.7 million to about 1.97 million and Class B ordinary shares from 2.1 million to approximately 42,000.
• In September 2025, AGM Group Holdings entered into agreements with an institutional investor to issue up to $6 million in original issue discount convertible advances. The first tranche provided gross proceeds of $1.38 million to the company.
• On August 29, 2025, the company adopted the 2025 Share Incentive Plan to provide equity-based incentives to its employees, officers, directors, and other eligible participants.

Inbound Investments

• AGM Group Holdings Inc. secured up to $6 million in original issue discount convertible advances from an institutional investor in September 2025, with an initial gross proceed of $1.38 million.

Capital Expenditures

• As of October 2025, capital expenditures for AGM Group Holdings Inc. were reported as "n/a" in available financial statistics.