Core Insights - NIP Group Inc. has established a Digital Computing Division to enhance its digital infrastructure strategy and has acquired crypto mining machines to boost Bitcoin mining revenue [1][4] - The acquisition includes products with a combined hash rate of 3.11 EH/s, expected to produce approximately 60 Bitcoins per month [2] - The transaction is set to close by September 30, 2025, subject to customary closing conditions [3] Company Strategy - The acquisition represents a strategic expansion into digital infrastructure, aiming to support compute-intensive innovations such as high-performance computing (HPC) and AI-driven entertainment services [4] - The company plans to leverage its new computing capacity to diversify revenue streams and invest in next-generation infrastructure [4] Financial Details - NIPG will compensate the sellers with approximately 119,553,439 Class A ordinary shares [2] - The expected Bitcoin production from the acquired machines is around 60 Bitcoins per month, contributing to significant revenue generation [2]
NIP Group Enters Bitcoin Mining Through Strategic Acquisition