NIP Group buys third Bitcoin miner batch, projects about 195 BTC a month
In brief
- NIP Group paid over 247 million Class A shares for its third batch of Bitcoin mining machines.
- Third batch adds about 4.47 EH/s; NIP puts installed capacity at around 13.85 EH/s.
- Projected output is about 195 BTC a month, subject to difficulty, uptime and hosting.
- CEO Hicham Chahine told Decrypt NIP could shift capacity to AI if returns beat mining.
Three tranches, all paid in stock
NIP Group trades on Nasdaq as NIPG, is based in Abu Dhabi and entered Bitcoin mining in mid-2025. Its first tranche closed in September 2025 with fleet capacity of 3.11 EH/s and a target of about 60 BTC a month. The second lifted capacity to 11.3 EH/s, with a target of around 160 BTC.
After the third deal, the company says it's at roughly 13.85 EH/s across all three purchases.
Those figures don't quite add up. Putting the reported 4.47 EH/s on top of 11.3 EH/s gives about 15.77 EH/s, not 13.85, and Crypto Briefing's report doesn't explain the gap.
None of it was paid in cash. NIP Group has financed every tranche by issuing Class A ordinary shares, with no cash component disclosed. That means each deal also adds new Class A shares (more than 247 million in this one alone). The machines are already running at third-party hosting sites. The first fleet mined 151.4 BTC between September and November 2025, and the company has at times reported holding over 200 BTC in its treasury. It describes itself as one of the larger publicly traded Bitcoin miners globally and the leading operator in the MENA region.
A projection, not reported output
The 195 BTC figure is the company's target. It isn't a measured result. According to Crypto Briefing, it depends on network difficulty, machine uptime and hosting conditions.
Betting on a cooler market
Founder and CEO Hicham Chahine explained the timing in an interview with Decrypt, which Crypto Briefing relayed.
Chahine said he wants to make the move while the market is “cooling,” rather than when competition is higher.
He told Decrypt he'd rather bet on mining while the market is cooling than when it's hot and crowded. He also said the company could shift capacity toward AI and high-performance computing if those returns beat mining.
Crypto Briefing doesn't think that pivot would be simple. The outlet noted that Bitcoin ASICs are built for a single job, so any move into AI would likely lean on the broader infrastructure (power and data center capacity) rather than repurposing the rigs themselves.
Frequently asked questions
How is NIP Group paying for its Bitcoin mining machines?
NIP Group has financed every tranche by issuing Class A ordinary shares, with no cash component disclosed, according to Crypto Briefing. The third batch was acquired in exchange for over 247 million Class A ordinary shares.
Is 195 BTC per month NIP Group's actual mining output?
No. It's the company's projected output, not a reported result. Crypto Briefing said the projection depends on operational and market factors, including network difficulty, machine uptime and hosting conditions.
How much hashrate does NIP Group have after the third purchase?
The company says total installed capacity is around 13.85 EH/s across all three purchases, and the third deal added roughly 4.47 EH/s. Crypto Briefing also reported that the second tranche lifted capacity to 11.3 EH/s, a figure that doesn't fully reconcile with the stated total.
