NIP Group Inc. $(NIPG)$, a leading digital entertainment company, has announced a definitive asset-purchase agreement to acquire crypto mining machines from Fortune Peak Limited and Apex Cyber Capital Limited. These machines, currently used for Bitcoin mining, are expected to generate significant Bitcoin mining revenue post-acquisition. NIPG has established a Digital Computing Division to manage the operations and future development of its compute infrastructure. This strategic move extends NIPG's business into the digital infrastructure space, adding a hash rate of 3.11 EH/s with an expected production of about 60 Bitcoins per month. The acquisition will be financed through the issuance of approximately 119,553,439 Class A ordinary shares to the sellers.
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