AGM sells cryptocurrency mining hardware, primarily its KOI MINER series of ASIC miners. These machines mine Bitcoin and other cryptocurrencies, using the flagship C21 model to deliver high hash rates and energy efficiency. AGM operates as a trading and distribution business rather than a manufacturer. The company sources hardware from a single supplier and resells it to a concentrated group of direct customers. AGM recently completed a strategic restructuring by divesting its legacy software development, fintech, and consulting businesses in China to focus exclusively on the crypto hardware market. Today, AGM maintains a lean structure with core subsidiaries located in Hong Kong and Canada. Its business model relies on the price spread between procurement and resale, though a total reliance on one supplier for hardware limits the company's pricing leverage. AGM faces significant customer concentration, as a few direct buyers generate the majority of its revenue. To fund inventory purchases and general operations, the company utilizes equity offerings and debt financing. Through this transition, AGM has shifted from a diversified technology services firm to a specialized distributor of hardware for the digital asset mining industry.