NIP Group Expands Bitcoin Mining Capacity with Third Tranche Asset-Purchase Agreement

The share-funded purchase would add already-operational machines, with production contributions beginning upon closing.

Rhea-AI Summary

NIP Group (NASDAQ: NIPG) signed a definitive agreement to acquire operational Bitcoin mining hardware with approximately 4.47 EH/s of computing capacity. The third-tranche agreement, dated September 24, 2026, provides for consideration of up to 247,091,740 Class A ordinary shares. The machines are already deployed at hosting facilities and will add to production upon closing.

NIP Group expects completion to bring total mining capacity across three tranches to approximately 13.85 EH/s, supporting approximately 195 Bitcoins per month at full deployment, subject to global network hashrate, Bitcoin difficulty adjustments and operational factors. EH/s measures mining computing power in exahashes per second. Closing is expected within ten business days after closing conditions are satisfied. The company also plans to evaluate using capacity for AI and high-performance computing applications.

4 points · 1 major

MixediHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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1 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point. Forward-looking: it has not happened yet and may not happen.The definitive acquisition agreement adds approximately 4.47 EH/s of operational mining capacity upon closing.
• Minor point. Forward-looking: it has not happened yet and may not happen.Total capacity is expected to reach approximately 13.85 EH/s across three tranches upon completion.
• Minor point. Forward-looking: it has not happened yet and may not happen.Production is expected at approximately 195 Bitcoins monthly at full deployment, subject to network hashrate, difficulty adjustments and operational factors.
• Minor point. Forward-looking: it has not happened yet and may not happen.NIP Group plans to evaluate AI and high-performance computing applications for its computing capacity.

Negative

• Major point. Forward-looking: it has not happened yet and may not happen.Consideration of up to 247,091,740 Class A ordinary shares would dilute existing holders.

News Explained

The company also amended and restated its investor-rights agreement with the sellers, setting registration, lock-up and governance rights for the consideration shares; if issued, those shares would dilute existing holders.

Key Figures

Capacity added: Approximately 4.47 EH/s Total installed hash rate: Approximately 13.85 EH/s Share consideration: Up to 247,091,740 Class A ordinary shares +2 more

Capacity added

Approximately 4.47 EH/s

On-rack mining hardware described as currently deployed and operational

Total installed hash rate

Approximately 13.85 EH/s

Expected upon completion of Tranche 3

Share consideration

Up to 247,091,740 Class A ordinary shares

Consideration to the sellers for the products

Expected monthly Bitcoin production

Approximately 195 Bitcoins per month

Expected at full deployment; subject to network hashrate, difficulty adjustments and operational factors

Expected closing period

Within 10 business days

Following satisfaction of customary closing conditions

Previous Crypto Reports

2 past events · Latest: Jan 15

Same Type 2 events

1. Jan 15

   Mining production update

   24h Move

   +0.9%

   Reported 151.4 BTC initial production and 9.66 EH/s installed capacity after Tranche 2.

2. Nov 03

   Mining capacity expansion

   24h Move

   +8.2%

   Expanded mining capacity through an asset purchase with share consideration and projected monthly Bitcoin output.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

hashrate, investor rights agreement, registration rights

3 terms

hashrate technical

"The Bitcoin mining hardware has a combined hashrate of approximately 4.47 exahash"

Hashrate is a measure of how quickly a computer network can process and verify transactions, often expressed as the number of calculations it can perform in a second. Think of it like the engine power of a car; the higher the hashrate, the more work the network can do in a given time. For investors, a higher hashrate generally indicates a more secure and robust network, which can influence confidence and the value of related digital assets.

investor rights agreement financial

"entered into a second amended and restated investor rights agreement"

A legally binding contract between a company and its investors that spells out investors’ core protections and privileges—such as voting rights, how and when shares can be sold, information access, and steps for resolving disputes. Think of it like a rulebook or homeowner association agreement for ownership: it clarifies who gets a say, how value can be realized, and what protections exist if things go wrong, making investment risks and expectations clearer for shareholders.

registration rights regulatory

"including registration rights, lock-up arrangements and governance rights"

Registration rights are contractual promises that let investors require a company to file paperwork with securities regulators so those investors can sell their shares to the public. They matter because they create a path to liquidity and an exit plan—without them, investors may be stuck holding shares for a long time. Think of them like a reserved ticket that guarantees access to a public marketplace when the holder is ready to sell.

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Acquisition Adds Approximately 4.47 EH/s of On-Rack Mining Capacity and Expands Total Installed Hash Rate to Approximately 13.85 EH/s

ABU DHABI, United Arab Emirates, Oct. 20, 2026 (GLOBE NEWSWIRE) -- NIP Group Inc. ("NIPG" or the "Company") (NASDAQ: NIPG), where digital entertainment meets computing infrastructure, today announced it has entered into a definitive on-rack sales and purchase agreement (the "Agreement") to acquire on-rack crypto mining machines (the "Products") from certain sellers (collectively, the "Sellers").

The Bitcoin mining hardware has a combined hashrate of approximately 4.47 exahash per second (EH/s) and is currently deployed and operational at hosting facilities. Upon closing, these assets will immediately add to NIP Group's Bitcoin mining production. Under the terms of the Agreement, NIP Group will issue to the Sellers as consideration for the Products up to 247,091,740 Class A ordinary shares of the Company.

This transaction advances NIPG's long-term vision of converging digital infrastructure with its core gaming and esports ecosystem, creating a foundation where computing power, artificial intelligence (AI), high-performance computing (HPC) and blockchain technology intersect with next-generation entertainment experiences.

Upon completion of Tranche 3, the expansion is expected to bring NIPG’s total Bitcoin mining capacity across all three tranches to approximately 13.85 EH/s, further establishing NIPG among the largest publicly traded Bitcoin mining operators globally. Based on this combined capacity, NIP Group’s Bitcoin mining operations are expected to generate approximately 195 Bitcoins per month at full deployment, subject to global network hashrate, Bitcoin difficulty adjustments and operational factors. The third tranche reinforces the NIP Group's digital infrastructure strategy.

Hicham Chahine, Co-CEO of NIP Group, commented, "We are rapidly executing on our digital infrastructure strategy with this third tranche of mining asset acquisitions. Scaling our hashrate to nearly 14 EH/s solidifies our position as a significant player in the Bitcoin mining space, while generating tangible revenue that supports our broader transformation. The disciplined, share-based consideration structure allows us to expand our compute footprint, and we’ll evaluate opportunities to deploy this capacity toward AI, HPC and other compute-intensive applications that complement our entertainment business."

Carl Agren, COO of NIPG Mining and Digital Assets, commented, "These on-rack assets are immediately operational and will be integrated into our existing hosting framework with minimal ramp time. We are focused on efficient deployment, stable production and maximizing the utility of our growing computing base across multiple revenue streams."

The Agreement was dated as of September 24, 2026. The closing of the proposed transaction is subject to customary closing conditions and is expected to occur within ten (10) business days following the satisfaction of such conditions. There can be no assurance that the closing conditions will be satisfied or that the proposed transaction will be completed.

In connection with the transaction, NIP Group and the Sellers have also entered into a second amended and restated investor rights agreement (the "A&R IRA"), which has amended and restated the existing investor rights agreement dated January 9, 2026 in its entirety. The A&R IRA defines certain rights and obligations among the Company and the Sellers, including registration rights, lock-up arrangements and governance rights with respect to the Class A ordinary shares to be issued as consideration.

About NIP Group

NIP Group (NASDAQ: NIPG) operates at the nexus of Bitcoin mining, compute infrastructure and global digital entertainment. Rooted in a decade of gaming DNA and industry leadership, the Company brings a cultural and community-driven edge to digital asset operations. Headquartered in Abu Dhabi with teams worldwide, NIP Group pairs significant compute capacity with a global gaming and entertainment ecosystem including esports teams, live events and content networks, reaching hundreds of millions of fans.

Safe Harbor Statements

This press release contains statements that constitute “forward-looking” statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” or other similar expressions. Among other things, the business outlook and quotations from management in this press release, as well as NIP Group’s strategic and operational plans, contain forward-looking statements. NIP Group may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about NIP Group’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIP Group’s growth strategies; its future business development, results of operations and financial condition; its ability to maintain and enhance the recognition and reputation of its brand; developments in the relevant governmental laws, regulations, policies toward NIP Group’s industry; and general economic and business conditions globally and in the countries or regions where NIP Group has operations; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIP Group’s filings with the SEC. All information provided in this press release is as of the date of this press release, and NIP Group undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

NIP Group Inc.

Investor Relations: ir@nipgroup.gg

Public Relations: pr@nipgroup.gg

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is NIP Group acquiring in its third Bitcoin mining tranche?

NIP Group agreed to acquire operational Bitcoin mining machines with approximately 4.47 EH/s of combined computing capacity for up to 247,091,740 Class A ordinary shares. The machines are deployed at hosting facilities and will contribute to production upon closing.

How much Bitcoin does NIP Group expect to produce after the third tranche?

NIP Group expects approximately 195 Bitcoins per month at full deployment of its combined capacity across all three tranches. Completion is expected to bring total capacity to approximately 13.85 EH/s. Production remains subject to global network hashrate, Bitcoin difficulty adjustments and operational factors.

What investor rights agreement accompanies NIP Group's third-tranche mining acquisition?

NIP Group and the sellers entered into a second amended and restated investor rights agreement covering registration rights, lock-up arrangements and governance rights for the consideration shares. It replaces the existing investor rights agreement dated January 9, 2026 in its entirety.