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

Acquisition Adds Approximately 4.47 EH/s of On-Rack Mining Capacity and Expands Total Installed Hash Rate to Approximately 13.85 EH/sABU DHABI, United Arab Emirates, Oct. 20, 2026 (GLOBE NEWSWIRE) -- NIP Group Inc. ('NIPG' or the 'Company') (NASDAQ: NIPG), where digital entertainment meets computing infrastructure, today announced it has entered into a definitive on-rack sales and purchase agreement (the 'Agreement') to acquire on-rack crypto mining machines (the 'Products') from certain sellers (collectively, the 'Sellers'). The Bitcoin mining hardware has a combined hashrate of approximately 4.47 exahash per second (EH/s) and is currently deployed and operational at hosting facilities. Upon closing, these assets will immediately add to NIP Group's Bitcoin mining production.

First reported by The Manila Times. This page is a short excerpt; the full text is theirs.