NIP Group Agrees to Acquire Bitcoin Miners in Up to $27.3 Million Deal

NIP Group has agreed to acquire operational Bitcoin mining machines delivering roughly 4.47 exahashes per second (EH/s) in a deal valued at up to $27.3 million. The acquisition will expand the company's total mining capacity to approximately 13.85 EH/s and lift projected monthly output to 195 BTC from 160 BTC. To fund the purchase, the Nasdaq-listed operator will issue up to 247.1 million Class A ordinary shares. Because the rigs are already deployed at hosting facilities, NIP Group expects immediate output upon closing.