US-listed NIP Group enters Bitcoin mining business

Source
Son Min

Summary

  • Nasdaq-listed NIP Group announced its entry into the Bitcoin mining industry.
  • The company has signed an agreement to acquire mining machines from Fortune Peak and Apex Cyber Capital, and said mining will begin immediately upon the completion of the transaction.
  • The expected monthly mining volume is 60 BTC, and a Digital Computing Division has also been established for Bitcoin mining.

Nasdaq-listed NIP Group is entering the Bitcoin (BTC) mining industry.

According to GlobeNewswire on the 1st (local time), NIP Group announced in a press release, "We have signed an agreement to acquire mining machines from Fortune Peak and Apex Cyber Capital," adding, "Mining will commence immediately upon completion of the transaction to produce Bitcoin." The expected monthly mining volume is reported to be 60 BTC.

Additionally, NIP Group has established a Digital Computing Division for Bitcoin mining. This department will be responsible for the operation and management of the acquired mining equipment.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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