Street Calls of the Week
ABU DHABI - NIP Group Inc. (NASDAQ:NIPG), currently valued at $114.4 million, announced Tuesday it has completed its previously announced acquisition of on-rack crypto mining machines with an aggregate hash rate of 3.11 EH/s from Apex Cyber Capital Limited and Prosperity Oak Holdings Limited. According to InvestingPro analysis, the company maintains a healthy liquidity position with a current ratio of 1.1, though it’s currently burning through cash.
The digital entertainment company issued 119,553,439 Class A ordinary shares as consideration for the assets. The transaction, which closed on September 5, 2025, involved Bitcoin mining operations with expected production of approximately 60 Bitcoins per month. With annual revenue of $85.27 million and moderate debt levels, NIP Group appears positioned for this expansion despite not being profitable over the last twelve months.
NIP Group will continue to host the mining machines in their existing data centers and has established a digital computing division to manage operations and maintenance.
In connection with the transaction, Simon Ming Yeung Tang and Kee Wee Kiang Kenneth have been appointed as directors of the company.
"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," said Hicham Chahine, Co-CEO of NIPG.
Tang brings over 15 years of experience in investment banking, corporate law and finance leadership roles, while Kenneth has been active in the bitcoin mining industry since 2022.
The acquisition follows NIP Group’s strategic relocation of its global headquarters to Abu Dhabi earlier this year, supported by a multi-year agreement with the Abu Dhabi Investment Office announced in January. For deeper insights into NIPG’s financial health and growth potential, including 6 additional exclusive ProTips, visit InvestingPro.
The information in this article is based on a company press release.
In other recent news, NIP Group Inc. has entered into an agreement to acquire bitcoin mining equipment with a combined hash rate of 3.11 EH/s. This acquisition will be completed through the issuance of approximately 119.5 million Class A ordinary shares to sellers Fortune Peak Limited and Apex Cyber Capital Limited. The transaction is expected to close by September 30. Additionally, NIP Group has expanded its entertainment business by launching a new joint venture, NIP Culture & Entertainment (Beijing) Co., Ltd. The company’s first event under this venture was the 2025 Qianfan Music Season - Wonderland Music Festival in Beijing, which drew over 70,000 attendees. NIP Group described the festival as one of the largest single-site outdoor music festivals ever hosted in the city. These developments mark significant steps in NIP Group’s strategic growth in both digital and live entertainment sectors.
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