NIP Group acquires mining facilities to expand Bitcoin mining scale, with computing power increasing to 11.3 EH/s

The esports organization Ninjas in Pyjamas' parent company NIP Group announced the expansion of its Bitcoin mining business and the enhancement of its overall hash rate to 11.3 EH/s through a new asset acquisition agreement.

The company expects its monthly Bitcoin production to increase from 60 BTC to 160 BTC, an increase of over 120%. In this expansion, NIP Group will acquire approximately 8.19 EH/s of mining infrastructure from Apex Cyber Capital, Prosperity Oak Holdings, and Novo Jumpster to further solidify its position in the crypto hash rate sector.