AGM Group and HashBeaver Jointly Develop Desktop DePIN Node for Bitcoin Mining

NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) -- AGM Group Holdings Inc. (NASDAQ: AGMH, “AGM Group,” “AGM” or the “Company”), an integrated technology company specializing in high-performance hardware and computing equipment, today announced a joint project with HashBeaver, a digital computing infrastructure company, to develop a new desktop node for decentralized physical infrastructure networks (“DePIN”).

The product is intended for use in homes and offices. It is expected to use a purpose-built application-specific integrated circuit (“ASIC”) to perform SHA-256 hashing for Bitcoin mining. Planned software features include device identification, remote management, operational data verification, mining-pool connectivity and artificial intelligence (“AI”)-assisted scheduling. The product aims to transform the traditional desktop Bitcoin miner into a personal computing terminal capable of connecting to distributed digital infrastructure networks.

HashBeaver will focus on ASIC chip development, algorithm development, firmware optimization and mining-pool connectivity, while AGM Group will contribute experience in server engineering, system design, thermal engineering, hardware integration, reliability testing and global supply chain management.

As AI, blockchain and edge computing continue to support the development of more distributed digital infrastructure, AGM Group and HashBeaver believe that future computing networks may include, alongside large-scale data centers, a growing number of connected edge devices owned and operated by individuals and enterprises that are capable of providing verifiable infrastructure services.

The desktop DePIN node is the first desktop digital infrastructure product jointly developed by the parties in response to this trend.

From Bitcoin Miner to DePIN Node

DePIN networks use blockchain, connected devices and digital incentive mechanisms to coordinate distributed physical devices that collectively provide computing, storage, communications, energy or data services.

While traditional desktop Bitcoin miners primarily contribute computing power to Bitcoin mining pools, the jointly developed product is intended to operate as a digital infrastructure node with a unique device identity, network connectivity, operational-status monitoring and verifiable contribution records.

The product is expected to comprise three interconnected functional layers:

1. Bitcoin Computing Layer

The product will provide SHA-256 computing power using a purpose-built ASIC chip and is intended to connect to compatible Bitcoin mining pools and related computing services.

HashBeaver will contribute its expertise in chip development, algorithm adaptation, firmware optimization and mining-pool connectivity, with a focus on balancing power consumption, operating stability and uptime.

2. DePIN Connectivity Layer

Through its planned software system, the product is intended to establish an independent digital identity and device profile for each node, recording information such as online status, operating time, hashrate performance, power consumption and other verifiable operating data.

Following the completion of relevant software development and technical integration, the device may connect to the HashBeaver ecosystem and supported third-party DePIN networks, enabling users to access various distributed infrastructure services through a single desktop device.

Any connection to third-party networks, digital incentive programs or node reward mechanisms will be subject to applicable network rules, technical verification and applicable laws and regulations.

3. AI-Assisted Management Layer

The product is intended to incorporate an AI-assisted device management system that analyzes operating data, ambient temperature, network conditions and user settings to support adjustments to power consumption, thermal performance, noise levels and operating modes.

Planned AI-assisted functions include:

• Intelligent power mode recommendations;
• Temperature and fan-control optimization;
• Detection of abnormal conditions and fault warnings;
• Operating schedule recommendations based on local electricity prices and preferred operating hours;
• Mining-pool connectivity and network-status analysis;
• Remote multi-device management and node scheduling; and
• Software interfaces for future DePIN and AI infrastructure services.
  

The first-generation product’s local specialized computing capacity is intended primarily for SHA-256 Bitcoin mining. Its AI functions are intended to support device management, operational optimization and network scheduling. The product’s ASIC chip is not designed for general-purpose AI model training or inference.

Enabling Individuals to Own Digital Infrastructure

Bitcoin mining, particularly at scale, often requires specialized facilities, large-scale power infrastructure and complex operational and maintenance systems. These requirements have contributed to the increasing concentration of computing power among large mining facilities and professional operators.

The jointly developed product is intended to introduce a new participation model. Rather than relying exclusively on cloud-based services, users will be able to own, operate and manage a physical digital infrastructure device.

Through simplified installation, network configuration, mining-pool connectivity and device management, the product is designed to make specialized computing equipment and easier and to facilitate their participation in supported distributed node networks.

The companies believe that individually owned edge devices may become an important component of future digital infrastructure. As AI and blockchain technologies increasingly converge, connected devices could support additional distributed computing and data services.

AGM Applies Server Engineering to Desktop Nodes

AGM Group has experience in ASIC-based computing equipment, high-performance servers and AI infrastructure systems. Under the joint development project, AGM Group is responsible for applying server-class systems engineering capabilities to the development of a more compact desktop device.

AGM Group’s principal research, development and commercialization responsibilities include:

• Product and system architecture design;
• Circuit, power supply and thermal-management design;
• Long-term reliability testing;
• Device management and remote operations architecture;
• Core component selection;
• Manufacturing quality management;
• Global supply chain coordination; and
• International certification and commercialization planning.
  

HashBeaver is primarily responsible for ASIC chip development, algorithm development, firmware optimization, mining-pool technology and node software, as well as planned connectivity with DePIN networks and AI computing service platforms.

By integrating chip development, device design, node software, mining-pool connectivity and AI-assisted device management, the parties intend to develop a desktop device that combines Bitcoin mining and DePIN connectivity.

Dr. Bo Zhu, Chief Executive Officer of AGM Group Holdings Inc., commented:

“AI, blockchain and edge computing are supporting the development of more distributed digital infrastructure. Future computing networks may include, alongside large-scale data centers, a growing number of connected devices owned by individuals and enterprises.

“This collaboration allows AGM Group to apply its server engineering, hardware design and global supply chain capabilities to desktop nodes. We intend for the product to combine Bitcoin mining, DePIN connectivity and AI-assisted device management.”

Chovy Ni, Chief Executive Officer of HashBeaver, commented:

“Bitcoin has demonstrated that users around the world can collectively maintain an open, distributed computing network. DePIN applies similar distributed principles to a broader range of physical infrastructure sectors, including computing, storage, communications, energy and data.

“Through this joint development, we aim to enable individual users to access Bitcoin mining capabilities, node networks and AI-assisted device management through a desktop device. Every connected device may operate as a physical node capable of generating verifiable operational data.”

Planned DePIN Node Ecosystem

AGM Group and HashBeaver plan to build a distributed infrastructure ecosystem around the desktop DePIN node, comprising hardware devices, a Bitcoin mining pool, node-management software and an AI-assisted scheduling system.

Within this ecosystem, the desktop DePIN node may serve as a hardware gateway through which users can connect to HashBeaver’s digital computing network. HashBeaver’s mining pool and node platform are intended to connect and manage distributed devices, while the AI-assisted device-management system is intended to analyze operating data to support operating efficiency, stability and device management.

Subject to technological feasibility and applicable regulatory requirements, the parties plan to evaluate future initiatives including:

• Connecting to additional compatible DePIN networks;
• Establishing distributed node identity and device reputation systems;
• Introducing an AI-assisted multi-node management platform;
• Providing developers with node data and device-management interfaces;
• Exploring edge data collection, storage and network services;
• Integrating with HashBeaver’s planned AI computing services and routing platform; and
• Developing a series of desktop DePIN nodes for different use cases.
  

This product roadmap is intended to support HashBeaver’s planned expansion beyond Bitcoin mining technology and mining-pool services into a digital infrastructure platform connecting personal hardware, distributed nodes and AI computing services.

At the same time, it is intended to support AGM Group’s expansion from high-performance hardware and server systems into AI-assisted terminals and DePIN hardware.

Product Validation and Commercialization Plan

The desktop DePIN node is currently in the pilot production stage.

As product testing and applicable certification processes progress, the parties plan to announce additional information regarding:

• Final industrial design;
• Verified specifications for hashrate, power consumption and noise levels;
• AI-assisted device-management functions;
• Supported mining pools and DePIN networks;
• Node software and mobile applications;
• Suggested retail pricing;
• Initial countries and regions of availability;
• Pre-sale and commercial delivery schedules; and
• International certification progress.
  

Subject to applicable laws and regulations, the parties plan to leverage AGM Group’s global supply chain and hardware commercialization capabilities, together with HashBeaver’s mining pool, community and digital computing infrastructure, to support planned product sales and node deployment in North America, Europe, Asia and other international markets.

Subject to technological feasibility and market demand, the parties may evaluate future product lines, including higher-hashrate nodes, low-power nodes, home energy nodes and edge devices connected to distributed AI computing services.

About AGM Group Holdings Inc.

AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focused on the research, development, assembly and sales of high-performance hardware and computing equipment. The Company’s business covers ASIC computing technology, cryptocurrency mining equipment, high-performance server systems and emerging artificial intelligence infrastructure solutions.
For more information, please visit https://agmhgroup.com/.

About HashBeaver

HashBeaver is a digital infrastructure company focused on ASIC chip development, Bitcoin mining technology, mining pool services, DePIN nodes and distributed computing solutions.

HashBeaver seeks to connect chips, hardware devices, computing networks and AI services, enabling users worldwide to more easily own, operate and participate in digital infrastructure.

For more information, please visit https://hashbeaver.com/.

Risk and Reward Disclaimer

The desktop DePIN node does not guarantee any Bitcoin mining output, node rewards or any economic return.

Actual operating results will depend on numerous factors, including Bitcoin network difficulty, mining pool performance, device uptime, electricity prices, equipment configuration, market conditions, third-party DePIN network rules and applicable laws and regulations.

This announcement does not indicate that AGM Group or HashBeaver is issuing any token and does not constitute an offer to sell, or a solicitation of an offer to purchase, any cryptocurrency, token, security or investment product.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, statements concerning the development of the desktop DePIN node, engineering validation, pilot production, AI functionality, DePIN network integration, regulatory certification, commercialization plans, product performance, market availability and future cooperation between the parties.

Forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections. Actual results may differ materially from current expectations due to factors including technical development risks, product testing results, component availability, manufacturing costs, regulatory requirements, market demand, Bitcoin prices, network difficulty, electricity prices and supply chain conditions.

The Company undertakes no obligation to publicly update or revise any forward-looking statement except as required by applicable laws and regulations.

Investor Relations Contact:
AGM Group Holdings Inc.
Email: ir@agmhgroup.com
Website: https://agmhgroup.com/