NIP Group Enters Bitcoin Mining with 3.11 EH/s Acquisition

NIP Group, a U.S. publicly traded company, has announced its foray into the Bitcoin mining industry. The company has signed a definitive asset purchase agreement to acquire cryptocurrency mining machines from Fortune Peak Limited and Apex Cyber Capital Limited. These machines are currently used for Bitcoin mining and are expected to generate significant revenue upon the completion of the acquisition. The deal includes a combined hash rate of 3.11 EH/s, with an expected production of approximately 60 Bitcoins per month.

To support this new venture, NIP Group has established a dedicated Digital Computing Division. This division will oversee the operations of the acquired mining machines and lead the future development of the company’s compute infrastructure capabilities. The transaction represents a strategic extension of NIP Group’s business into the digital infrastructure space, aligning with its long-term vision of supporting compute-intensive innovation.

Under the terms of the agreement, NIP Group will pay for the mining machines through the issuance of approximately 119,553,439 Class A ordinary shares to the sellers. Additionally, the company and the sellers will enter into an investor rights agreement to define certain rights and obligations among them. The closing of the proposed transaction is expected to occur on or before September 30, 2025, subject to customary closing conditions.

Hicham Chahine, Co-CEO of NIP Group, commented on the strategic significance of this move. He highlighted that while the company remains committed to its entertainment and gaming roots, owning foundational computing capacity will become increasingly essential for harnessing next-generation, scalable business opportunities. These opportunities include high-performance computing (HPC), artificial intelligence (AI), advanced gaming technologies, and other compute-heavy applications. Chahine emphasized that this acquisition provides a relatively low-risk pathway into Bitcoin mining and lays the groundwork for capturing future digital infrastructure opportunities.

Through this strategic move, NIP Group is not only expanding into Bitcoin mining but also laying the digital foundation for its long-term vision in high-performance computing and AI-powered entertainment. As the company continues to diversify its revenue streams and invest in next-generation infrastructure, it remains committed to delivering innovation-driven value to its global stakeholders.