NIP Group Inc. (NASDAQ: NIPG) shares were lower at first Monday. The firm, which claims to be a leading digital entertainment company, today announced another major expansion of its Bitcoin mining operations, positioning the company as a pioneering major gaming entertainment company to establish large-scale crypto and high-performance computing infrastructure.
The expansion brings NIPG's total mining capacity to approximately 11.3 EH/s, ranking among the top publicly traded Bitcoin mining operators globally.
Operations are expected to generate approximately 160 Bitcoins per month, subject to the global network hash rate, creating significant new revenue that strengthens the company's financial foundation while building capabilities for next-generation gaming and entertainment platforms.
This strategic move creates a foundation of infrastructure where digital currencies, AI, user engagement and computing power converge with traditional gaming experiences. The expansion aligns with NIPG's long-term vision and recently announced partnership with Abu Dhabi Investment Office, which supports the expansion and establishment of the division headquarters in Abu Dhabi.
This morning’s news release said, “under the new acquisition, NIPG will acquire mining infrastructure and computational capacity with a combined hash rate of approximately 8.19 EH/s from certain sellers, including Apex Cyber Capital Limited, Prosperity Oak Holdings Limited, and Noveau Jumpstar Limited. The company will issue up to 314,515,762 Class A ordinary shares as consideration, with closing expected by December 15, 2025, subject to customary conditions.”
NIPG shares began the week off seven cents, or 4.4%, to $1.51.
