NIP Group, the guardian firm of the long-running esports staff model Ninjas in Pyjamas, is doubling down on Bitcoin, revealing plans to develop its mining operation.
Because of this, NIP Group hopes to leverage its mining rigs to provide 160 BTC a month, or over $16 million a month at present costs—up from its earlier goal of 60 BTC per thirty days.
The enlargement brings its complete mining capability to a hash charge of 11.3 EH/s, a unit of measurement for crypto mining—considerably up from 3.11 EH/s when it first established its Bitcoin mining operation in July. The transfer makes it roughly the Twelfth-largest publicly traded Bitcoin miner on this planet by hash charge, in response to BitcoinMiningStock information.
“We see this as a pure extension of the disciplines we’re already invested in, and [it] places us in an excellent higher place for cross-product integration,” Hicham Chahine, co-CEO of NIP Group, advised Decrypt. “The inflow of Bitcoin into the corporate treasury will naturally lend to investments in AI computing, AI purposes inside gaming, our present fan loyalty platform and fan token DOJO, and different advancing applied sciences.”
NIP Group advised Decrypt that its main focus is to extend its Bitcoin holdings and hash charge as a lot as doable. That stated, the agency plans to promote Bitcoin when it feels it’s “acceptable” contemplating the market circumstances, and can accomplish that to cowl the prices of increasing the enterprise or the prices of the operation.
Its expanded capabilities come because of the acquisition of an undefined variety of Bitcoin mining rigs with a mixed hash charge of roughly 8.19 EH/s. NIP Group acquired these rigs from sellers together with Apex Cyber Capital, Prosperity Oak Holdings, and Noveau Jumpstar, to whom the agency has collectively agreed to subject over 314 million Class A odd shares. That transaction is ready to shut in December.
NIP Group is a digital leisure firm principally recognized for its esports and gaming ventures. Its esports staff, Ninjas in Pyjamas, competes on the high degree of Valorant, League of Legends, Rocket League, and different video games. The agency’s Counter-Strike: International Offensive staff went on an 87-game win streak from 2012 to 2013, which is taken into account one of the revered information in esports.
The corporate went public final yr, debuting at $10 a share earlier than collapsing 75% to $2.43 by June of 2025. Its July adoption of Bitcoin mining didn’t assist pump the inventory both, falling 12% on the time to $2.13, in response to Yahoo Finance.
NIP Group has continued its decline, dropping over 5% on Tuesday to $1.61 a share. It’s now down over 87% from its all-time excessive.
