NIP Group plans to acquire 4.47 EH/s mining machines, with a transaction valuation of $27.3 million
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Abu Dhabi based NIP Group has signed an agreement to acquire approximately 4.47 EH/s of Bitcoin mining equipment from Zhongli, with a transaction valuation of up to $27.3 million. The company will issue up to 247.1 million Class A common shares to the seller. After the deployment of the equipment, NIP Group's total production capacity will increase to approximately 13.85 EH/s, with a monthly production target of around 195 bitcoins worth approximately $16 million. (Source: Bitcoin.com News)