NIP Group announces closing of mining assets acquisition

NIP Group (NIPG) announced the completion of its previously announced acquisition of on-rack crypto mining machines with an aggregate hash rate of 3.11 EH/s from Apex Cyber Capital Limited and Prosperity Oak Holdings, to which Fortune Peak Limited assigned all of its rights, benefits and obligations under the Agreement to complete the transaction. Pursuant to the definitive asset-purchase agreement entered into on July 1, 2025, the Company issued an aggregate of 119,553,439 Class A ordinary shares to the Sellers as consideration for the Products. All closing conditions for the transaction were satisfied in accordance with the Agreement, and the Transaction closed on September 5, 2025.