With a multi-million dollar investment, NIP Group is launching a new Bitcoin mining division focused on the U.S. The move represents a huge leap for the company into the digital asset realm. Infocast Chief Executive, Hicham Chahine, opened with possibly the most momentous announcement. He subsequently announced the company’s acquisition of new mining equipment on his LinkedIn profile.

The proclamation laid out NIP Group’s focused move into the world of Bitcoin mining. The nascent Taiwanese company is looking to make waves in the cryptocurrency market with its newly created "Digital Computing Division."

According to a recent press release, the mining operation is expected to generate approximately 60 Bitcoins per month. It currently has a purported 3.11 EH/s hash rate combined.

Hicham Chahine’s LinkedIn profile picture showing him in a tie with a city skyline behind him. The image, available at https://img-cdn.hltv.org/gallerypicture/XmwOQthf3Ohmhqk_weJtlw.png?ixlib=java-2.1.0&w=1200&s=67e6944d69e8473cbe20db085fba0d88, is credited to his LinkedIn profile.

The size of NIP Group’s investment is a great barometer of the confidence in the future of Bitcoin. Chahine hinted that the investment is “over $1B.” This strong financial commitment further emphasizes the company’s confidence in the long-term sustainability and profitability of Bitcoin mining.

“Digital Computing Division” marks an impressive expansion of NIP Group’s portfolio. Through investing into the Bitcoin mining industry, the company is able to prime itself to take advantage of the booming demand for such digital currencies.