Esports holding company NIP Group (NIP) has announced the completion of its acquisition of on-rack cryptocurrency mining machines.
According to a release, the machines, acquired from Apex Cyber Capital Limited and Prosperity Oak Holdings Limited, can process with an aggregate hash rate of 3.11 exahashes per second. The machines are currently utilised for Bitcoin mining operations with an expected production of around 60 Bitcoins per month, further expanding NIP’s growth in the crypto space.
The acquisition was first announced in July 2025.
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As of today, the Bitcoin spot price is approximately $112,157 (~£89,467), meaning that the expected production would amount to $6.73m (~£4.97m).
NIP will continue to host the crypto machines in their existing data centres and has established a division to manage the operations and maintenance for the machines.
As part of the asset-purchase agreement, NIP Group has issued an aggregate of over 119.5m Class A ordinary shares to Apex Cyber Capital Limited and Prosperity Oak Holdings Limited. The transaction was officially completed on September 5th.
Additionally, Simon Ming Yeung Tang and Kee Wee Kiang Kenneth have been appointed as directors of the company, bringing expertise in corporate finance and bitcoin mining to scale projects across the regions.
NIP is Diversifying Revenues and Expanding Markets
Ever since NIP went public on the NASDAQ exchange in July 2024, the company has been making several strategic moves to establish itself as one of the leading global esports organisations, with operations across Sweden, China, Abu Dhabi, and Brazil.
In particular, the company relocated its global headquarters to the MENA region, following a multi-year agreement with the Abu Dhabi Investment Office (ADIO). It has also closed several strategic partnerships, including Chiliz Group and Socios.com, Homeinns Hotels Group, The9’s subsidiary China Crown, and Italian football club Juventus FC.
On the esports side, NIP Group manages the esports team Ninjas in Pyjamas, which is known for competing in Rainbow Six Siege, League of Legends, Apex Legends, Rocket League, Counter-Strike 2, EA FC, and MLBB.
Hicham Chahine, Co-CEO of NIP Group, commented, “The completion of this transaction marks a key milestone in our expansion into the crypto asset space and the establishment of our digital computing capabilities.
“These mining assets are now fully integrated into our operations, positioning us well to create additional value for our Company and stakeholders. Over time, we see significant opportunities to optimise performance, explore capacity enhancements and leverage this computing foundation to support emerging applications across AI and other compute-intensive sectors. We are also pleased to welcome two crypto-focused professionals to our Board, as we build out our digital infrastructure and further strengthen our governance.”
Source: https://esportsinsider.com/
