NIP Group Co-CEO Says Third Bitcoin (BTC) Mining Tranche Has Closed

NIP Group Inc. co-CEO Hicham Chahine said Oct. 27 that the company completed its third Bitcoin (BTC) mining equipment purchase, taking its stated capacity to roughly 13.85 exahashes per second (EH/s). “Now that this tranche is closed, we're at roughly 13.85 EH/s,” Chahine said in an interview published Oct. 27. The agreement, dated Sept. 24, covers equipment rated at 4,468,708 terahashes per second, or about 4.47 EH/s, and calls for up to 247,091,740 Class A ordinary shares. NIP’s Oct.