NIP Group, the dad or mum firm of esports gear model Ninjas in Pajamas, is doubling down on Bitcoin and revealing plans to broaden its mining operation.
Consequently, NIP Group hopes to leverage its mining rigs to provide 160 BTC per thirty days, or greater than $16 million per thirty days at present costs, up from its earlier goal of 60 BTC per thirty days.
The growth brings its complete mining capability to a hash fee of 11.3 EH/s, a unit of measurement for crypto mining, considerably greater than the three.11 EH/s when first established its Bitcoin mining operation in July. The transfer makes it roughly the twelfth largest publicly traded Bitcoin miner on the planet by hash fee, based on BitcoinMiningStock. information.
“We view this as a pure extension of the disciplines we now have already invested in and places us in a fair higher place for cross-product integration,” mentioned Hicham Chahine, co-CEO of NIP Group. Decipher. “Bitcoin’s entry into the corporate’s treasury will naturally favor investments in AI computing, AI purposes in gaming, our present fan loyalty platform and DOJO fan token, and different superior applied sciences.”
NIP Group mentioned Decipher that your most important purpose is to extend your Bitcoin holdings and hash fee as a lot as attainable. That mentioned, the agency plans to promote Bitcoin when it deems “acceptable” contemplating market circumstances, and can accomplish that to cowl enterprise growth prices or working prices.
Its expanded capabilities are the results of the acquisition of an undefined variety of Bitcoin mining rigs with a mixed hash fee of roughly 8.19 EH/s. NIP Group acquired these platforms from sellers reminiscent of Apex Cyber Capital, Prosperity Oak Holdings and Noveau Jumpstar, with whom the corporate has collectively agreed to challenge greater than 314 million shares of Class A typical inventory. That transaction will shut in December.
PNI Group is a digital leisure firm primarily identified for its esports and gaming initiatives. His esports group, Ninjas in Pajamas, competes on the highest degree in Valorant, League of Legends, Rocket League, and different video games. The corporate’s Counter-Strike: World Offensive group carried out a Streak of 87 consecutive victories from 2012 to 2013, which is taken into account one of the vital revered data in esports.
The corporate went public final 12 months, debuting at $10 a share earlier than collapsing 75% to $2.43 in June 2025. Its July adoption of Bitcoin mining additionally did not assist increase the inventory, falling 12% in that point to $2.13, based on Yahoo Finance.
NIP Group has continued its decline, falling greater than 5% on Tuesday to $1.61 per share. It’s now down greater than 87% from its all-time excessive.
