According to CoinMeta, nip group announced the acquisition of a third batch of Bitcoin mining machines in exchange for the issuance of 247 million Class A ordinary shares, with a total computing power of 13.85 EH /s. The company expects to mine 195 BTC per month, worth approximately 2.8 million US dollars, which is an increase of 35 from the original target of 160. CEO Hicham Chahine stated that if the returns from AI and high-performance computing businesses are better than mining, the company will adjust its production capacity.