Prosperity Oak Holdings Limited Acquires Significant Stake in NIP Group Inc.

Prosperity Oak Holdings Limited has filed a Schedule 13D with the SEC, disclosing its acquisition of 57,965,652 Class A Ordinary Shares of NIP Group Inc., representing approximately 29.4% of the outstanding shares. The shares were acquired as part of a transaction involving the purchase of on-rack crypto mining machines with an aggregate hash rate of 1.51 Exahash per second. The transaction was completed on September 5, 2025, following an amendment to the original asset-purchase agreement dated June 27, 2025. As part of the agreement, Prosperity Oak Holdings Limited has the right to appoint one director to the board of NIP Group Inc. and has appointed Simon Ming Yeung Tang to this position. The filing also includes details of an Investor Rights Agreement, which grants Prosperity Oak Holdings Limited customary registration rights and other investor protections.