NIP Group Expands Bitcoin Mining Capacity with Additional Asset-Purchase Agreement
By:
NIP GROUP INC. via
GlobeNewswire
November 03, 2025 at 07:30 AM EST
Expands Hash Rate to 11.3 EH/s ABU DHABI, United Arab Emirates, Nov. 03, 2025 (GLOBE NEWSWIRE) -- NIP Group Inc. (“NIPG” or the “Company”) (NASDAQ: NIPG), a leading digital entertainment company, today announced another major expansion of its Bitcoin mining operations, positioning the company as a pioneering major gaming entertainment company to establish large-scale crypto and high-performance computing infrastructure. The expansion brings NIPG's total mining capacity to approximately 11.3 EH/s, ranking among the top publicly traded Bitcoin mining operators globally. Operations are expected to generate approximately 160 Bitcoins per month, subject to the global network hash rate, creating significant new revenue that strengthens the company's financial foundation while building capabilities for next-generation gaming and entertainment platforms. This strategic move creates a foundation of infrastructure where digital currencies, AI, user engagement and computing power converge with traditional gaming experiences. The expansion aligns with NIPG's long-term vision and recently announced partnership with Abu Dhabi Investment Office, which supports the expansion and establishment of the division headquarters in Abu Dhabi. Under the new acquisition, NIPG will acquire mining infrastructure and computational capacity with a combined hash rate of approximately 8.19 EH/s from certain sellers, including Apex Cyber Capital Limited, Prosperity Oak Holdings Limited, and Noveau Jumpstar Limited. The company will issue up to 314,515,762 Class A ordinary shares as consideration, with closing expected by December 15, 2025, subject to customary conditions. Hicham Chahine, Co-CEO of NIPG, commented, "This transaction demonstrates the speed at which we are advancing our digital infrastructure strategy. Building large-scale computing power gives us a stronger foundation to pursue opportunities in high-performance computing, crypto mining and AI applications in gaming and entertainment. As a pioneer among gaming companies establishing significant computing infrastructure, we're uniquely positioned to explore emerging use cases at the intersection of gaming, esports, streaming, crypto and AI. While we remain committed to our gaming and entertainment heritage, we see computing power as a core enabler of the next stage of our growth." Carl Agren, COO of NIPG Mining and Digital Assets, commented, "We will deploy these assets with efficiency and precision, delivering stable output immediately while preparing our computing base for more advanced applications ahead." NIPG's series of recent transactions accelerates the buildout of its digital infrastructure capabilities, highlighting the company's commitment to delivering on its strategic roadmap and creating long-term value for shareholders and partners. About NIP Group Safe Harbor Statements For investor and media inquiries, please contact:
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