NIP Group Inc. American Depositary Shares (NIPG)

NIP Group Announces Closing of Mining Assets Acquisition

NIP Group completed the acquisition of crypto mining machines with a 3.11 EH/s hash rate from Apex Cyber Capital Limited and Prosperity Oak Holdings Limited, issuing 119,553,439 Class A ordinary shares as consideration and establishing a new digital computing division.

NIP Group Enters Bitcoin Mining Through Strategic Acquisition

NIP Group has entered into an agreement to acquire crypto mining machines with a 3.11 EH/s hash rate, expecting to generate approximately 60 Bitcoins monthly. The company is establishing a Digital Computing Division to manage these assets and explore future high-performance computing and AI opportunities.