NIP Group Buys Third Batch of Bitcoin Miners for 247 Million Shares
- —NIP Group's capacity reaches 13.85 EH/s, about 195 BTC a month
- —Payment made with over 247 million Class A ordinary shares
- —Monthly mining target raised from 160 BTC to 195 BTC
- —NIPG stock fell 40.7% to $4 after the announcement
Why it matters: A listed miner is expanding capacity into a cooling market while its stock hits an all-time low, signaling capital pressure across the sector.
Source: Decrypt