NIP Group has agreed to a third asset purchase covering about 4.47 EH/s of Bitcoin mining hardware that is already deployed. Once the deal closes, the machines are expected to immediately increase the miner’s Bitcoin production, bringing its total hash rate to 13.85 EH/s. The company currently ranks as the 16th-largest publicly listed Bitcoin miner, with 3.11 EH/s in operation, while Bitdeer leads the sector with 79.9 EH/s. NIP Group’s shares fell 6.8% to $6.10 after declining 86% over the past year, amid a sharp US market selloff triggered by inflation figures exceeding expectations.
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