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NIP Group Expands Bitcoin Mining Capacity with Third Tranche Asset-Purchase Agreement

$NIPGPress releaseOct 20, 2026, 8:00 AM ETRead the release

NIP Group signed a definitive on-rack asset-purchase agreement to acquire Bitcoin mining machines with approximately 4.47 EH/s of hashrate that are already deployed and operational at hosting facilities. Consideration is up to 247,091,740 Class A ordinary shares, avoiding cash outlay but creating substantial share dilution; the agreement is dated September 24, 2026 and closing is expected within ten business days of conditions being met. Tranche 3 lifts total capacity across all three tranches to roughly 13.85 EH/s, with expected production of about 195 Bitcoins per month at full deployment, and management says it may redeploy capacity toward AI and HPC workloads.

Key figures

Acquired hashrate ehs
4.47
Btc per month estimate
195
Total hashrate after ehs
13.85
Shares issued as consideration
247091740

AI analysis

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