AGM Group, a developer of crypto mining machines and a listed company of blockchain ASIC chips, announced that it has received a notice from Nasdaq that it does not meet the minimum bid requirements, because the closing price of the company's Class A common stock has been below the minimum price of $1.0 per share for 30 consecutive working days. If it fails to meet the Nasdaq listing rules by September 9, it will face delisting. At present, AGM Group's ASIC chips are mainly used in crypto mining machines, and the company's business is also involved in the assembly and sale of bitcoin mining machines.