TechFlow news, July 1 — According to GLOBE NEWSWIRE, NIP Group (NASDAQ: NIPG), a publicly traded company in the U.S., announced the signing of a definitive asset purchase agreement to acquire hosted cryptocurrency mining equipment used for Bitcoin mining. The equipment has a total computing power of 3.11 EH/s and is expected to produce approximately 60 bitcoins per month.
To support this business, NIP Group has established a dedicated digital computing division to manage the acquired equipment and lead the future development of the company's computing infrastructure capabilities. Hicham Chahine, Co-CEO of NIP Group, stated that this transaction represents the company's strategic expansion into the digital infrastructure sector, supporting compute-intensive innovations such as high-performance computing, artificial intelligence, and advanced gaming technologies.
