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Esports company NIP Group has signed an agreement to acquire Bitcoin mining equipment with a total hash rate of 4.47 EH/s, according to Bitcoin.com. The deal is worth up to $27.3 million, and NIP Group plans to issue up to 247 million Class A ordinary shares to the seller. The equipment is already operating at hosting facilities, and the transaction is expected to raise NIP Group’s total hash rate to about 13.85 EH/s. Once installation is completed, the company’s monthly production is expected to increase to about 195 BTC from its previous target of 160 BTC.