tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

NIP expands Bitcoin mining capacity with additional asset-purchase agreement

NIP Group (NIPG) announced another major expansion of its Bitcoin mining operations. 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. 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.

Claim 70% Off TipRanks This Holiday Season

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1