Esports Giant Doubles Down on Bitcoin Mining Operations
NIP Group, the parent company of renowned esports organization Ninjas in Pyjamas, has announced a significant expansion of its Bitcoin mining operations, targeting monthly production of 160 BTC—equivalent to approximately $16 million at current prices. This ambitious move represents a substantial increase from their previous target of 60 BTC per month and positions the company as a major player in the cryptocurrency mining sector.
Massive Hash Rate Expansion
The expansion dramatically increases NIP Group’s mining capacity from 3.11 EH/s to 11.3 EH/s, making it approximately the 12th-largest publicly traded Bitcoin miner globally by hash rate. This strategic growth comes just months after the company initially entered the Bitcoin mining space in July 2025.
Strategic Acquisition and Infrastructure
The enhanced capabilities result from acquiring Bitcoin mining rigs with a combined hash rate of approximately 8.19 EH/s from multiple sellers, including Apex Cyber Capital, Prosperity Oak Holdings, and Noveau Jumpstar. In exchange for these mining assets, NIP Group has agreed to issue over 314 million Class A ordinary shares, with the transaction expected to close in December 2025.
Corporate Strategy and Bitcoin Holdings
NIP Group’s primary focus remains on accumulating Bitcoin and increasing its hash rate capacity. The company plans to hold onto its BTC earnings long-term, only selling when market conditions are “appropriate” to cover operational costs or fund business expansion.
Cross-Product Integration Vision
“We see this as a natural extension of the disciplines we’re already invested in, and puts us in an even better position for cross-product integration,” explained Hicham Chahine, co-CEO of NIP Group. “The influx of Bitcoin into the company treasury will naturally lend to investments in AI computing, AI applications within gaming, our existing fan loyalty platform and fan token DOJO, and other advancing technologies.”
Market Performance Context
Despite the ambitious Bitcoin mining expansion, NIPG stock has faced challenges in public markets. The company went public last year at $10 per share but has since declined significantly, dropping over 5% on Tuesday to $1.61 per share—representing an 87% decrease from its all-time high. The July announcement of Bitcoin mining adoption initially caused a 12% stock price drop to $2.13.
About Ninjas in Pyjamas
Ninjas in Pyjamas is one of esports’ most storied organizations, known for its legendary 87-0 winning streak in Counter-Strike: Global Offensive from 2012 to 2013. The team currently competes at elite levels in Valorant, League of Legends, Rocket League, and other major gaming titles, making this Bitcoin mining expansion a notable diversification beyond traditional esports operations.
