NIP Group, the parent company of the long-running esports team brand Ninjas in Pajamas, is doubling down on its use of Bitcoin and has revealed plans to expand its mining operations.
As a result, NIP Group hopes to leverage its mining rig to produce 160 BTC per month, or more than $16 million per month at current prices, exceeding its previous goal of 60 BTC per month.
With this expansion, total mining capacity reached a hash rate of 11.3 EH/s, a unit of measurement for cryptocurrency mining, a significant increase from 3.11 EH/s at the time. first established It started a Bitcoin mining business in July. The move makes the company approximately the 12th largest publicly traded Bitcoin miner in the world by hashrate, according to BitcoinMiningStock. data.
“We see this as a natural extension of the areas in which we are already investing, and puts us in an even better position for integration between products,” said Hisham Chahine, co-CEO of NIP Group. decryption. “The influx of Bitcoin into the company’s treasury will naturally finance investments in AI computing, in-game AI applications, the existing fan loyalty platform and fan token DOJO, and other evolving technologies.”
NIP Group said: decryption It states that its main focus is to increase its Bitcoin holdings and hashrate as much as possible. That said, the company plans to sell Bitcoin when it deems it “appropriate” given market conditions, and plans to do so to cover business expansion and operating costs.
The expansion of its capabilities came as a result of acquiring an unspecified number of Bitcoin mining rigs with a total hash rate of approximately 8.19 EH/s. NIP Group acquired these rigs from sellers including Apex Cyber Capital, Prosperity Oak Holdings, and Noveau Jumpstar, with whom the company jointly agreed to issue more than 314 million shares of Class A common stock. The transaction is expected to close in December.
NIP group is a digital entertainment company primarily known for its esports and gaming ventures. The company’s esports team, Ninjas in Pajamas, competes at the top level in Valorant, League of Legends, Rocket League, and other games. The company’s Counter-Strike: Global Offensive team 87 consecutive wins The record from 2012 to 2013 is considered one of the most respected records in esports.
The company went public last year, debuting at $10 per share, but by June 2025 it had fallen 75% to $2.43. The introduction of Bitcoin mining in July did not push up the stock price, which fell 12% to $2.13 at the time. Yahoo Finance.
NIP Group continued its decline, dropping more than 5% to $1.61 per share on Tuesday. It is now down more than 87% from its all-time high.
