NIP Group Inc. Expands into Bitcoin Mining with Strategic Acquisition of Crypto Mining Machines

Reuters

2025/07/01

NIP Group Inc. Expands into Bitcoin Mining with Strategic Acquisition of Crypto Mining Machines

NIP Group Inc. $(NIPG)$, a leading digital entertainment company, has announced a definitive asset-purchase agreement to acquire crypto mining machines from Fortune Peak Limited and Apex Cyber Capital Limited. These machines, currently used for Bitcoin mining, are expected to generate significant Bitcoin mining revenue post-acquisition. NIPG has established a Digital Computing Division to manage the operations and future development of its compute infrastructure. This strategic move extends NIPG's business into the digital infrastructure space, adding a hash rate of 3.11 EH/s with an expected production of about 60 Bitcoins per month. The acquisition will be financed through the issuance of approximately 119,553,439 Class A ordinary shares to the sellers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NIP Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9487401-en) on July 01, 2025, and is solely responsible for the information contained therein.

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Expands into Bitcoin Mining with Strategic Acquisition of Crypto Mining Machines","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      NIP Group Inc. Expands into Bitcoin Mining with Strategic Acquisition of Crypto Mining Machines\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        NIP Group Inc. <a href=\"https://laohu8.com/S/NIPG\">$(NIPG)$</a>, a leading digital entertainment company, has announced a definitive asset-purchase agreement to acquire crypto mining machines from Fortune Peak Limited and Apex Cyber <a href=\"https://laohu8.com/S/CAPFF\">Capital Limited</a>. These machines, currently used for Bitcoin mining, are expected to generate significant Bitcoin mining revenue post-acquisition. NIPG has established a Digital Computing Division to manage the operations and future development of its compute infrastructure. This strategic move extends NIPG's business into the digital infrastructure space, adding a hash rate of 3.11 EH/s with an expected production of about 60 Bitcoins per month. The acquisition will be financed through the issuance of approximately 119,553,439 Class A ordinary shares to the sellers.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NIP Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. 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Expands into Bitcoin Mining with Strategic Acquisition of Crypto Mining Machines\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-01 19:01</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      NIP Group Inc. Expands into Bitcoin Mining with Strategic Acquisition of Crypto Mining Machines\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        NIP Group Inc. <a href=\"https://laohu8.com/S/NIPG\">$(NIPG)$</a>, a leading digital entertainment company, has announced a definitive asset-purchase agreement to acquire crypto mining machines from Fortune Peak Limited and Apex Cyber <a href=\"https://laohu8.com/S/CAPFF\">Capital Limited</a>. These machines, currently used for Bitcoin mining, are expected to generate significant Bitcoin mining revenue post-acquisition. NIPG has established a Digital Computing Division to manage the operations and future development of its compute infrastructure. This strategic move extends NIPG's business into the digital infrastructure space, adding a hash rate of 3.11 EH/s with an expected production of about 60 Bitcoins per month. The acquisition will be financed through the issuance of approximately 119,553,439 Class A ordinary shares to the sellers.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NIP Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9487401-en) on July 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B64PRP62.GBP","symbol_name":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250701:nNDL7jg6cq:1","article_id":"2548036900","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548036900","pubTimestamp":1751367670,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"NIP Group Inc. , a leading digital entertainment company, has announced a definitive asset-purchase agreement to acquire crypto mining machines from Fortune Peak Limited and Apex Cyber Capital Limited. 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Expands into Bitcoin Mining with Strategic Acquisition of Crypto Mining Machines\n    \n\n        NIP Group Inc. $(NIPG)$, a leading digital entertainment company, has announced a definitive asset-purchase agreement to acquire crypto mining machines from Fortune Peak Limited and Apex Cyber Capital Limited. These machines, currently used for Bitcoin mining, are expected to generate significant Bitcoin mining revenue post-acquisition. NIPG has established a Digital Computing Division to manage the operations and future development of its compute infrastructure. This strategic move extends NIPG's business into the digital infrastructure space, adding a hash rate of 3.11 EH/s with an expected production of about 60 Bitcoins per month. The acquisition will be financed through the issuance of approximately 119,553,439 Class A ordinary shares to the sellers.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NIP Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9487401-en) on July 01, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}