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NIP Group to buy 4.47 EH/s of Bitcoin miners in deal valued at up to $27.3m

NewsFeeds update

Abu Dhabi-listed esports firm NIP Group has agreed to buy Bitcoin mining equipment with about 4.47 EH/s of hashrate, lifting its deployed total to roughly 13.85 EH/s, for up to $27.3m in up to 247.1m Class A shares. It expects monthly output of about 195 BTC once the rigs are fully deployed, up from a 160 BTC target.

MiningOdailyAIBullish

Read the original on Odaily

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Every Mining update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.