NIP Group has completed the purchase of crypto mining machines capable of processing 3.11 exahashes per second, marking a new stage in the revenue diversification strategy that sits alongside its activities in gaming and esports.
The transaction, first announced in July, saw NIP Group issue 119,553,439 Class A ordinary shares to Apex Cyber Capital Limited and Prosperity Oak Holdings Limited. The assets, hosted in existing data centres, are used for Bitcoin mining and are expected to produce around 60 Bitcoins per month. The company has established a new digital computing division to oversee the operations and maintenance of the machines.
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As part of the deal, Simon Ming Yeung Tang and Kee Wee Kiang Kenneth have been appointed to the board. A press release points that Tang has more than 15 years’ experience in corporate finance and investment banking, while Kenneth has been active in bitcoin mining since 2022, with operational expertise in scaling projects across several regions.
NIP Co-CEO Hicham Chahine said the integration of the new assets represented “a key milestone in our expansion into the crypto asset space and the establishment of our digital computing capabilities”, adding that the infrastructure could also support “emerging applications across AI and other compute-intensive sectors.”
The development follows the relocation of NIP Group’s headquarters to Abu Dhabi earlier this year, under a multi-year agreement with the Abu Dhabi Investment Office (ADIO). That agreement provides support for four years as the company grows its activities in the region, including esports operations, creative studios, publishing, events and talent management.
NIP’s revenue diversification goes way beyond investments in crypto mining. In 2025 alone, the group announced a live entertainment company in China and a plan to open over 100 esports hotels in the country. The organisation also maintained its commercial momentum, securing a new sponsorship with Rainbet and renewing its partnership with Red Bull.
