NIP Group has increased its Bitcoin mining capabilities through a new asset-purchase agreement, part of its revenue diversification strategy to build a robust digital infrastructure foundation.
The company announced that it will acquire mining infrastructure from Apex Cyber Capital Limited, Prosperity Oak Holdings Limited, and Noveau Jumpstar Limited. This transaction, expected to close by 15 December 2025, will see NIP (NIPG on the Nasdaq stock exchange) issue up to 314,515,762 Class A ordinary shares (approximately $248.87 million) as payment, boosting its total operational capacity to approximately 11.3 EH/s.
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This expansion positions NIP Group among the top publicly traded Bitcoin mining operators globally. The increased hash rate is projected to generate around 160 Bitcoins per month, dependent on the global network hash rate, creating a significant new revenue source. This financial strengthening is intended to support the company’s core entertainment businesses while building capabilities for future applications in areas like high-performance computing and AI.
Hicham Chahine, Co-CEO of NIP Group, commented on the strategic impetus behind the move: “This transaction demonstrates the speed at which we are advancing our digital infrastructure strategy. Building large-scale computing power gives us a stronger foundation to pursue opportunities in high-performance computing, crypto mining and AI applications in gaming and entertainment.”
This latest acquisition continues a strategy initiated in September, when NIP Group completed the purchase of crypto mining machines with a capacity of 3.11 exahashes per second. The company’s commitment to this new division was further signalled by the appointment of Carl Agren, who was named Chief Operating Officer of its Digital Computing Division to lead the venture. Agren stated regarding the new assets, “We will deploy these assets with efficiency and precision, delivering stable output immediately while preparing our computing base for more advanced applications ahead.”
The expansion also aligns with the company’s recently announced partnership with the Abu Dhabi Investment Office, which supports the establishment of the division’s headquarters in Abu Dhabi. The company’s revenue diversification significantly expanded in 2025 through other investments as a live entertainment company in China and a plan to open over 100 esports hotels in the country. The organisation also kept commercial momentum for its esports division, securing a new sponsorship with Rainbet and renewing its partnership with Red Bull.
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Editor’s note: An earlier version of this news did not include Noveau Jumpstar Limited in the list of sellers and had an expected closing date for the transaction at 30 November, 2025 instead of the updated date of 15 December. Info has been updated accordingly.
