NIP Group Names Carl Agren as Director and COO of Digital Computing Division

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Appointment Strengthens NIP Group’s Strategic Expansion in Digital Computing Infrastructure and Bitcoin Mining

ABU DHABI, United Arab Emirates, Sept. 10, 2025 — NIP Group Inc. (“NIPG” or the “Company”) (NASDAQ: NIPG), a prominent digital entertainment company, announced today the immediate appointment of Carl Agren. He will serve as a director of the Company and as chief operating officer (COO) of NIPG’s Digital Computing Division, taking the lead on the newly established Bitcoin mining business.

Mr. Agren is an accomplished technology and operations leader, boasting a strong background in cryptocurrency mining, artificial intelligence (AI), blockchain, and large-scale computing infrastructure. His appointment coincides with NIPG’s integration of the significant Bitcoin mining operation acquired in July, a fundamental component of the Company’s expansion into digital computing infrastructure. In this capacity, Mr. Agren will oversee the operational integration of these assets and develop capabilities for growth into related high-performance computing applications, AI workloads, and infrastructure supporting future entertainment platforms.

Hicham Chahine, Co-CEO of NIPG, commented, “We are delighted to welcome Carl to our Board and leadership team. Carl’s appointment represents a significant step in building our digital computing capabilities as we establish our new Abu Dhabi headquarters for this division. His proven leadership in crypto mining, AI, and vital infrastructure, coupled with strong government partnership support, places NIPG at the unique crossroads of esports, gaming, AI, and crypto. We believe digital currencies will be crucial in enabling next-generation technologies. Carl’s expertise will assist us in integrating our new mining assets, reinforcing governance, and achieving our near-term performance objectives. His leadership will also establish the groundwork for our long-term expansion.”

“I am honored and privileged to join NIPG’s Board and to lead the Digital Computing Division from Abu Dhabi. The Emirates is rapidly emerging as a global hub for digital infrastructure, and together we are laying the groundwork for high-performance computing that will power AI and future entertainment platforms worldwide. This is where gaming, digital assets, and advanced computing converge – and NIPG is positioned to spearhead that transformation,” stated Carl Agren, COO of NIPG’s Digital Computing Division.

Mr. Agren most recently held the position of CEO at Phoenix Technology, a leading entity in the blockchain and cryptocurrency space with global operations exceeding 700 MW across the USA, Canada, Europe, and the Middle East. He guided the Phoenix Group’s IPO in December 2023, which raised approximately US$370 million, and managed about 400 MW of crypto mining capacity. Previously, he co-founded and served as COO of G42 Cloud (now Core42), the Middle East’s largest AI, big data, and cloud company, where he developed 100 MW of data center capacity for AI and high-performance computing. Mr. Agren will be based in Abu Dhabi, leading the Company’s new Digital Computing Division headquarters established through its strategic collaboration with the Abu Dhabi Investment Office.

Carl possesses a bachelor’s degree from the University of Idaho and a master’s degree from the University of Phoenix.

About NIP Group
NIP Group (NASDAQ: NIPG) is an international digital entertainment company driving advancements in gaming and esports. Through a diverse ecosystem encompassing esports teams, arenas and events, content and influencer networks, game publishing, and hospitality, we engage hundreds of millions of fans and craft immersive entertainment experiences. Operating across Europe, the Middle East, Asia, and the Americas, we partner with leading gaming companies to push the boundaries of interactive entertainment and introduce gaming to new global audiences.

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