NIP Group Shares Spike as Bitcoin Mining Deal Gets Equity Update
NIP Group Inc. issued 62.6 million Class A shares in a second closing for its bitcoin mining expansion, pushing its U.S.-traded ADSs up 5.3% to $0.4178 Wednesday. The company faces a Sept. 21, 2026, Nasdaq deadline to lift its share price above $1. NIP’s first-half 2025 net loss widened to $136.3 million on $61.2 million revenue. The mining deal’s long-stop date was extended to July 31, 2026.