NIP Group to Acquire Bitcoin Mining Assets for Up to 247,091,740 Shares
Bitget2026/10/20 12:09- NIP Group agreed to acquire operational Bitcoin mining hardware with approximately 4.47 EH/s of capacity under a September 24, 2026, agreement.
- Consideration comprises up to 247,091,740 Class A ordinary shares issued to the sellers.
- The third-tranche acquisition would increase total Bitcoin mining capacity across all three tranches to approximately 13.85 EH/s.
- Combined operations are expected to produce approximately 195 Bitcoins monthly at full deployment, subject to network conditions and operational factors.
- Closing is expected within 10 business days of satisfying customary conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Western Digital (WDC.US) CFO refutes claims of AI demand peaking: No signs of weakening, if it cools down it could help us catch up with the demand gap
Western Digital's CFO expressed strong support for AI storage demand, stating that hyperscale cloud providers are continuously increasing capital expenditures and have engaged in discussions regarding supply needs through 2030 to 2031. Although the company's quarterly results exceeded expectations and profit guidance was raised, capital expenditure more than doubled compared to the same period last year, putting pressure on free cash flow. This has sparked concerns in the market about the sustainability of returns on AI data center investments. The stock closed down by about 3% on Friday.
French political turmoil hits the euro, hedge fund short bets reach more than six-year high
As the political turmoil in France continues to unsettle the European bond market and drag down the euro’s performance, hedge funds are increasing their bearish bets on the euro.
The US will exempt some Canadian goods from tariffs, involving nine categories of products including packaging materials and machinery.
Susan Collins, a Republican Senator from Maine, stated on Friday that the US government will grant tariff exemptions for certain Canadian imports.
Crypto prices
More
