NIP Group to Acquire Bitcoin Mining Assets for Up to 247,091,740 Shares

Bitget2026/10/20 12:09

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NIP Group agreed to acquire operational Bitcoin mining hardware with approximately 4.47 EH/s of capacity under a September 24, 2026, agreement.
Consideration comprises up to 247,091,740 Class A ordinary shares issued to the sellers.
The third-tranche acquisition would increase total Bitcoin mining capacity across all three tranches to approximately 13.85 EH/s.
Combined operations are expected to produce approximately 195 Bitcoins monthly at full deployment, subject to network conditions and operational factors.
Closing is expected within 10 business days of satisfying customary conditions.

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: 202610200800PRIMZONEFULLFEED9849214) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NIP Group to Acquire Bitcoin Mining Assets for Up to 247,091,740 Shares

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