NIP Group, the mother or father firm of the long-running esports group model Ninjas in Pajamas, is doubling down on its use of Bitcoin and has revealed plans to broaden its mining operations.
In consequence, NIP Group hopes to leverage its mining rig to provide 160 BTC monthly, or greater than $16 million monthly at present costs, exceeding its earlier aim of 60 BTC monthly.
With this growth, complete mining capability reached a hash price of 11.3 EH/s, a unit of measurement for cryptocurrency mining, a major improve from 3.11 EH/s on the time. first established It began a Bitcoin mining enterprise in July. The transfer makes the corporate roughly the twelfth largest publicly traded Bitcoin miner on the planet by hashrate, in accordance with BitcoinMiningStock. knowledge.
“We see this as a pure extension of the areas wherein we’re already investing, and places us in a fair higher place for integration between merchandise,” stated Hisham Chahine, co-CEO of NIP Group. decryption. “The inflow of Bitcoin into the corporate’s treasury will naturally finance investments in AI computing, in-game AI purposes, the present fan loyalty platform and fan token DOJO, and different evolving applied sciences.”
NIP Group stated: decryption It states that its predominant focus is to extend its Bitcoin holdings and hashrate as a lot as doable. That stated, the corporate plans to promote Bitcoin when it deems it “acceptable” given market circumstances, and plans to take action to cowl enterprise growth and working prices.
The growth of its capabilities got here because of buying an unspecified variety of Bitcoin mining rigs with a complete hash price of roughly 8.19 EH/s. NIP Group acquired these rigs from sellers together with Apex Cyber Capital, Prosperity Oak Holdings, and Noveau Jumpstar, with whom the corporate collectively agreed to problem greater than 314 million shares of Class A typical inventory. The transaction is anticipated to shut in December.
NIP group is a digital leisure firm primarily recognized for its esports and gaming ventures. The corporate’s esports group, Ninjas in Pajamas, competes on the high stage in Valorant, League of Legends, Rocket League, and different video games. The corporate’s Counter-Strike: International Offensive group 87 consecutive wins The file from 2012 to 2013 is taken into account probably the most revered data in esports.
The corporate went public final 12 months, debuting at $10 per share, however by June 2025 it had fallen 75% to $2.43. The introduction of Bitcoin mining in July didn’t push up the inventory value, which fell 12% to $2.13 on the time. Yahoo Finance.
NIP Group continued its decline, dropping greater than 5% to $1.61 per share on Tuesday. It’s now down greater than 87% from its all-time excessive.
