NIP Group Agrees to Buy Bitcoin Miners, Targets 13.85 EH/s Fleet

NIP Group Inc. plans to expand its Bitcoin (BTC) mining business by buying operating machines with company shares, a transaction that would raise its projected fleet capacity to 13.85 exahashes per second (EH/s). The proposed purchase covers equipment with 4.47 EH/s of computing power. EH/s measures the rate of computing work used in mining. The machines are running at hosting facilities, but the transaction has not closed. NIP, the Nasdaq-listed parent of esports brand Ninjas in Pyjamas, announced the agreement Oct. 20. Dated Sept.

Source: TokenPost