NIP Group Expands Bitcoin Mining Capacity with Third Tranche Asset-Purchase Agreement
Key Highlights
- ➤Third tranche adds 4.47 EH/s of operational Bitcoin mining hardware
- ➤NIPG will issue up to 247,091,740 Class A ordinary shares
- ➤Total Bitcoin mining capacity reaches approximately 13.85 EH/s across three tranches
- ➤Full deployment expected to generate approximately 195 Bitcoins monthly
- ➤Closing subject to customary conditions, expected within ten business days thereafter
Expert Statements
Hicham Chahine, Co-CEO of NIP Group
“We are rapidly executing on our digital infrastructure strategy with this third tranche of mining asset acquisitions. Scaling our hashrate to nearly 14 EH/s solidifies our position as a significant player in the Bitcoin mining space, while generating tangible revenue that supports our broader transformation. The disciplined, share-based consideration structure allows us to expand our compute footprint, and we’ll evaluate opportunities to deploy this capacity toward AI, HPC and other compute-intensive applications that complement our entertainment business.”
Carl Agren, COO of NIPG Mining and Digital Assets
“These on-rack assets are immediately operational and will be integrated into our existing hosting framework with minimal ramp time. We are focused on efficient deployment, stable production and maximizing the utility of our growing computing base across multiple revenue streams.”
ABU DHABI, United Arab Emirates, Oct. 20, 2026 (GLOBE NEWSWIRE) -- NIP Group Inc. ("NIPG" or the "Company") (NASDAQ: NIPG), where digital entertainment meets computing infrastructure, today announced it has entered into a definitive on-rack sales and purchase agreement (the "Agreement") to acquire on-rack crypto mining machines (the "Products") from certain sellers (collectively, the "Sellers").
The Bitcoin mining hardware has a combined hashrate of approximately 4.47 exahash per second (EH/s) and is currently deployed and operational at hosting facilities. Upon closing, these assets will immediately add to NIP Group's Bitcoin mining production. Under the terms of the Agreement, NIP Group will issue to the Sellers as consideration for the Products up to 247,091,740 Class A ordinary shares of the Company.
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