- NIP Group (NASDAQ: NIPG) expands into Bitcoin mining with strategic asset acquisition.
- Acquisition to add 3.11 EH/s hash rate, producing approximately 60 Bitcoins monthly.
- Transaction involves issuance of 119,553,439 Class A ordinary shares, with expected completion by September 30, 2025.
NIP Group (NIPG, Financial) has announced a significant strategic expansion into the Bitcoin mining sector through an asset-purchase agreement with Fortune Peak Limited and Apex Cyber Capital Limited. This acquisition involves crypto mining machines with a combined hash rate of 3.11 exahashes per second (EH/s), which are projected to generate about 60 Bitcoins each month.
The transaction will be executed by issuing approximately 119,553,439 Class A ordinary shares to the sellers, indicating NIPG's leverage of stock issuance over cash payments. The closure of the deal is expected by September 30, 2025, contingent upon customary closing conditions.
To manage the operations of the newly acquired mining platforms, NIPG has established a dedicated Digital Computing Division. This strategic move marks NIPG's entry into digital infrastructure, aligning with its long-term vision to diversify beyond its entertainment and gaming roots. The company aims to capitalize on future opportunities in high-performance computing (HPC), artificial intelligence (AI), and advanced gaming technologies.
This acquisition not only enables NIPG to generate a new revenue stream through Bitcoin mining but also positions the company to explore next-generation digital infrastructure applications that are essential in today's tech-driven landscape.
