NIP Group has agreed to buy Bitcoin mining machines that are already installed and operational, representing about 4.47 exahash per second of computing power. The deal remains subject to closing and could be settled through the issuance of up to 247,091,740 Class A ordinary shares, potentially diluting existing shareholders. If the third tranche is completed, the company expects a combined mining capacity of approximately 13.85 exahash per second. Management estimates that this capacity could produce around 195 Bitcoin per month, although actual output depends on the global hash rate, mining difficulty, equipment uptime and energy costs.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
