NIP Group signs agreement to issue up to 247.1M shares to acquire ~4.47 EH/s bitcoin mining equipment

NIP Group, the listed parent of esports club Ninjas in Pyjamas, signed an agreement to issue up to 247.1 million Class A ordinary shares to acquire about 4.47 EH/s of bitcoin mining equipment, valued at up to roughly US$27.3 million. Upon completion, total hash rate is expected to rise to about 13.85 EH/s, with monthly production target after full deployment raised from 160 BTC to about 195 BTC.

Detected & updated continuously · Source: Nebula