Nasdaq-listed NIP Group Inc, is increasing its bitcoin mining operations, growing its whole capability to roughly 11.3 EH/s and is projected to generate round 160 monthly.
NIP Group Scales Bitcoin Mining Capability to 11.3 EH/s
NIP Group Inc. (NIPG), a Nasdaq-listed digital leisure agency, introduced the growth of its bitcoin ( BTC) mining operations, growing its whole capability to roughly 11.3 EH/s. This transfer reportedly positions the corporate among the many prime publicly traded bitcoin miners globally and is predicted to generate round 160 BTC monthly, relying on community situations.
The growth helps NIPG’s broader technique to combine digital currencies, synthetic intelligence (AI), and high-performance computing into its gaming and leisure platforms. It additionally aligns with the corporate’s partnership with the Abu Dhabi Funding Workplace, which can host the division’s new headquarters.
As a part of the deal, NIPG will purchase 8.19 EH/s of mining infrastructure from Apex Cyber Capital Restricted, Prosperity Oak Holdings Restricted, and Noveau Jumpstar Restricted. The corporate will subject as much as 314.5 million Class A extraordinary shares, with the transaction anticipated to shut by Dec. 15, 2025.
Hicham Chahine, Co-CEO of NIPG, mentioned the transaction demonstrates the velocity at which the corporate is advancing its digital infrastructure technique. He continued:
“Constructing large-scale computing energy provides us a stronger basis to pursue alternatives in high-performance computing, crypto mining and AI purposes in gaming and leisure. As a pioneer amongst gaming firms establishing vital computing infrastructure, we’re uniquely positioned to discover rising use instances on the intersection of gaming, esports, streaming, crypto and AI.”
Chahine additionally mentioned that whereas NIPG stays dedicated to its gaming and leisure heritage, his workforce views computing energy as a core enabler of the following stage of the corporate’s development.
Carl Agren, COO of NIPG Mining and Digital Property, mentioned the corporate is deploying these property with precision to ship steady output and put together for superior purposes.
The media assertion asserts that NIPG’s collection of latest transactions accelerates the growth of its digital infrastructure, underscoring the corporate’s dedication to its strategic street map and producing long-term worth for shareholders and companions.
FAQ 🧠
- What’s NIPG’s new Bitcoin mining capability? NIPG now operates at 11.3 EH/s, rating amongst prime international public miners.
- How does this growth help NIPG’s technique? It boosts crypto, AI, and computing energy for next-gen gaming and leisure platforms.
- The place is NIPG’s mining division headquartered? The brand new headquarters shall be primarily based in Abu Dhabi, supported by a neighborhood funding partnership.
- When will the infrastructure deal shut? The acquisition is predicted to finalize by Dec. 15, 2025.
