NIP Group acquires mining facilities to expand bitcoin mining operations, increasing hashrate to 11.3 EH/s

ChainCatcher News, the esports organization Ninjas in Pyjamas' parent company NIP Group announced the expansion of its bitcoin mining business, and will increase its overall computing power to 11.3 EH/s through a new asset acquisition agreement.

The company expects its monthly bitcoin production to increase from 60 BTC to 160 BTC, a rise of over 120%. In this expansion, NIP Group will acquire approximately 8.19 EH/s of mining infrastructure from Apex Cyber Capital, Prosperity Oak Holdings, and Novo Jumpster, further strengthening its position in the crypto computing power sector.