ASIC chip company raises $2 million, with an additional $6 million to be raised later

【Crypto World】Listed blockchain chip company AGM Group recently completed the delivery of a $2 million convertible note. This financing was conducted in two phases—$1.5 million in the first phase and $500,000 in the second phase, which was completed on December 18.

It is worth noting that AGM Group had previously reached a larger-scale financing agreement with investors, planning to raise a total of $6 million through convertible notes in three phases. This funding is mainly used for ASIC chip research and development and commercialization. Based on the completion of the first phase of $2 million, this financing plan is progressing smoothly. For the crypto industry dedicated to hardware innovation, such financing actions signal the industry’s ongoing development.