According to CoinMeta, nip and group have signed an agreement to acquire mining equipment with a total computing power of approximately 4.47 EH/s for Bitcoin mining, with the transaction valued at up to 27.3 million US dollars. The company will issue a maximum of 247.1 million Class A ordinary shares to the sellers. After the deployment of the equipment, the total computing power of nip and group will increase to about 13.85 EH/s, with a monthly production target of around 195 Bitcoins, valued at approximately 16 million US dollars.