ABU DHABI, United Arab Emirates, Nov. 19, 2025 (GLOBE NEWSWIRE) -- NIP Group Inc. (“NIP Group” or the “Company”) (NASDAQ: NIPG), a leading digital entertainment company, today announced that it will hold an extraordinary general meeting of shareholders (the “EGM”) at 8:00 p.m., Hong Kong time, on December 29, 2025 at 29/F, Entertainment Building, 30 Queen's Road Central, Central, Hong Kong. The purpose of the EGM is for the Company's shareholders to consider and, if thought fit, pass each of the proposed re ...

Core Insights - NIP Group Inc. has expanded its Bitcoin mining operations, increasing its hash rate to approximately 11.3 EH/s, positioning itself among the top publicly traded Bitcoin mining operators globally [1][2] - The expansion is expected to generate around 160 Bitcoins per month, contributing significantly to the company's revenue and enhancing its financial foundation [2] - This strategic move aligns with NIPG's long-term vision and its partnership with the Abu Dhabi Investment Office, which supports the establishment of its division headquarters in Abu Dhabi [3] Expansion Details - The acquisition includes mining infrastructure and computational capacity with a combined hash rate of approximately 8.19 EH/s from various sellers, with the company issuing up to 314,515,762 Class A ordinary shares as consideration [4] - The closing of this acquisition is expected by December 15, 2025, subject to customary conditions [4] Strategic Vision - The company aims to create a foundation where digital currencies, AI, user engagement, and computing power converge with traditional gaming experiences [3] - NIPG's Co-CEO emphasized the importance of building large-scale computing power to pursue opportunities in high-performance computing, crypto mining, and AI applications in gaming and entertainment [5] - The recent transactions highlight NIPG's commitment to accelerating its digital infrastructure capabilities and creating long-term value for shareholders and partners [5]

Core Insights - NIP Group Inc. has appointed Carl Agren as COO of its Digital Computing Division, focusing on Bitcoin mining and digital computing infrastructure [1][2][3] - Agren's experience includes leadership roles in cryptocurrency mining and AI, which will aid in integrating the recently acquired Bitcoin mining operation [2][4] - The appointment is part of NIPG's strategic expansion into digital computing, with a new headquarters established in Abu Dhabi [3][4] Company Overview - NIP Group is a global digital entertainment company involved in gaming and esports, with a diversified ecosystem that includes esports teams, content networks, and game publishing [6] - The company operates across multiple regions, including Europe, the Middle East, Asia, and the Americas, aiming to enhance interactive entertainment experiences [6] Leadership and Strategy - Carl Agren's previous role as CEO of Phoenix Technology involved overseeing significant cryptocurrency mining operations and leading an IPO that raised approximately US$370 million [4] - His leadership is expected to strengthen NIPG's governance and operational capabilities in the digital computing sector [3][4] - The strategic partnership with the Abu Dhabi Investment Office supports the establishment of the new Digital Computing Division headquarters [4]

Core Insights - The company has completed the acquisition of on-rack crypto mining machines with a total hash rate of 3.11 EH/s, enhancing its capabilities in the crypto asset space [1][2][3] - The acquisition involved the issuance of 119,553,439 Class A ordinary shares as consideration for the products [2] - The mining operations are expected to produce approximately 60 Bitcoins per month, with the company establishing a digital computing division to manage these operations [3] Company Developments - Two new directors, Simon Ming Yeung Tang and Kee Wee Kiang Kenneth, have been appointed to the board, effective immediately [4] - Simon Ming Yeung Tang brings over 15 years of experience in corporate finance and has previously worked in investment banking and corporate law [5] - Kee Wee Kiang Kenneth has been active in the bitcoin mining industry since 2022, contributing to scaling mining projects internationally [6] Strategic Initiatives - The acquisition aligns with the company's strategic relocation of its global headquarters to Abu Dhabi, supported by a multi-year agreement with the Abu Dhabi Investment Office [7] - The agreement provides access to financial and non-financial growth opportunities over a four-year period, contributing to local employment in the esports and gaming sector [7] - The company aims to enhance its capacity across key business verticals, including esports operations and game publishing [7] Company Overview - NIP Group Inc. is a global digital entertainment company involved in various sectors, including esports teams, content creation, and game publishing [8] - The company operates across multiple regions, including Europe, the Middle East, Asia, and the Americas, collaborating with leading gaming companies [8]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of NIPG, a leading esports organization, which has shown a modest increase in revenue and net profit despite challenges in the industry [1][2] - As of August 25, NIPG's stock price increased by 2.11%, reaching $2.08 per share, with a total market capitalization of $121 million [1] - Financial data indicates that NIPG's total revenue for the year ending December 31, 2024, is projected to be $85.27 million, reflecting a year-on-year growth of 1.91% [1] - The company's net profit attributable to shareholders is expected to be -$12.69 million, showing a year-on-year improvement of 4.29% [1] Group 2 - NIPG is recognized for its extensive global footprint in esports, particularly in Asia, Europe, and South America, as reported by Frost & Sullivan [1] - The organization was founded on a passion for esports, with a belief that it can create historical and legendary experiences similar to traditional sports over the past century [1]

Core Viewpoint - The article highlights the financial performance and market position of NIPG, a leading esports organization, showcasing its growth in revenue and net profit despite a net loss. Financial Performance - As of December 31, 2024, NIPG reported total revenue of $85.27 million, reflecting a year-on-year growth of 1.91% [1] - The company's net profit attributable to shareholders was -$12.69 million, showing a year-on-year increase of 4.29% [1] Market Position - NIPG is recognized as a leading esports organization with a broad global footprint, particularly in Asia, Europe, and South America, according to a Frost & Sullivan report [1] - The company was founded on a passion for esports, believing it can create historical and legendary experiences similar to traditional sports over the past century [1]

Core Viewpoint - The article highlights the financial performance and market position of NIPG, a leading esports organization, showcasing its growth in revenue and net profit despite a net loss. Financial Performance - As of December 31, 2024, NIPG reported total revenue of $85.27 million, reflecting a year-on-year growth of 1.91% [1] - The company's net profit attributable to shareholders was -$12.69 million, showing a year-on-year increase of 4.29% [1] Market Position - NIPG is recognized as a leading esports organization with a significant global presence, particularly in Asia, Europe, and South America, according to a Frost & Sullivan report [1] - The company was founded on a passion for esports, believing it can create historical and legendary experiences similar to traditional sports over the past century [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of NIPG, a leading esports organization, which has shown a modest increase in revenue and net profit despite challenges in the industry [1][2] - As of August 20, NIPG's stock price increased by 2.9% to $1.88 per share, with a total market capitalization of $11 million [1] - Financial data indicates that for the year ending December 31, 2024, NIPG's total revenue is projected to be $85.27 million, reflecting a year-on-year growth of 1.91%, while the net profit attributable to shareholders is expected to be -$12.69 million, showing a year-on-year increase of 4.29% [1] Group 2 - NIPG is recognized for its extensive global presence in esports, particularly in Asia, Europe, and South America, as per a report by Frost & Sullivan [1] - The company was founded on a passion for esports, with a belief that it can create historical and legendary experiences similar to traditional sports over the past century [1]

Core Viewpoint - NIPG (Nippon Ichi Software) experienced a stock price increase of 5.59%, reaching $1.89 per share, with a total market capitalization of $110 million as of August 19 [1] Financial Performance - For the fiscal year ending December 31, 2024, NIPG reported total revenue of $85.27 million, reflecting a year-on-year growth of 1.91% [1] - The company recorded a net loss attributable to shareholders of $12.69 million, which represents a year-on-year improvement of 4.29% [1] Company Overview - NIPG is recognized as a leading esports organization, with a significant global presence in Asia, Europe, and South America, as per a Frost & Sullivan report [1] - The company was founded on a passion for esports, believing that it can create historical and legendary experiences akin to traditional sports over the past century [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market position of NIPG, which has seen a stock price increase and a modest revenue growth [1] - As of August 18, NIPG's stock rose by 2.4% to $1.75 per share, with a total market capitalization of $10.2 million [1] - NIPG reported total revenue of $85.27 million for the year ending December 31, 2024, reflecting a year-on-year growth of 1.91% [1] Group 2 - The company experienced a net loss attributable to shareholders of $12.69 million, which represents a year-on-year increase of 4.29% [1] - NIPG is recognized as a leading esports organization with a significant global presence, particularly in Asia, Europe, and South America, according to a Frost & Sullivan report [1] - The foundation of NIPG is rooted in a passion for esports, with a belief that it can create historical and legendary experiences similar to traditional sports over the past century [1]