NIP Group Completes Bitcoin Mining Asset Acquisition, Anchors Digital Computing Expansion in Abu Dhabi
A Step Into Digital Computing
NIP Group Inc. (NASDAQ: NIPG), a leading digital entertainment company, has finalized the acquisition of on-rack crypto mining machines with a combined hash rate of 3.11 exahashes per second (EH/s). The assets were acquired from Apex Cyber Capital Limited and Prosperity Oak Holdings Limited, with Fortune Peak Limited assigning its rights to complete the transaction.
Under the definitive agreement signed on July 1, 2025, NIP Group issued 119,553,439 Class A ordinary shares to the sellers as consideration. The transaction closed on September 5, 2025, following the satisfaction of all conditions.
3.11 EH/s of Mining Power
The acquired machines, already operating in data centers, are currently utilized for Bitcoin mining with an expected production of around 60 Bitcoins per month. NIP Group has established a Digital Computing Division to oversee operations, maintenance, and optimization of the machines, reflecting its growing ambitions in the crypto asset and compute sectors.
Strengthened Governance
In connection with the transaction, Simon Ming Yeung Tang and Kee Wee Kiang Kenneth have joined the company’s Board of Directors.
Tang brings over 15 years of experience in investment banking, corporate law, and finance leadership roles across technology and new economy sectors. He previously served as CFO in internet and new energy companies in China and was part of Credit Suisse’s APAC TMT team.
Kenneth has been active in Bitcoin mining since 2022, with hands-on experience in scaling international mining projects and developing digital asset infrastructure.
Abu Dhabi as a Strategic Hub
The acquisition comes as NIP Group deepens its presence in the UAE, following the relocation of its global headquarters to Abu Dhabi earlier this year. That move was enabled by a landmark multi-year agreement with the Abu Dhabi Investment Office (ADIO), providing the company with financial and non-financial growth opportunities over a four-year period.
Under the agreement, NIP Group will contribute to local employment in the esports and gaming sector while expanding across creative studios, game publishing, events, and talent management. The addition of Bitcoin mining and a Digital Computing Division extends that mandate, positioning Abu Dhabi as the headquarters for its infrastructure ambitions.
Looking Ahead
Co-CEO Hicham Chahine said the completion of the transaction “marks a key milestone in our expansion into the crypto asset space and the establishment of our digital computing capabilities.” He added that the company sees opportunities to optimize performance, enhance capacity, and leverage its computing foundation to support emerging applications across AI and other compute-intensive sectors.
With gaming as its foundation, NIP Group is positioning itself to build the entertainment platforms of tomorrow, where compute power and digital currencies play an essential role.
