Esports Giant Ninjas in Pyjamas Expands Bitcoin Operation, Aims to Mine $16M in BTC Monthly

NIP Group, the parent company of esports brand Ninjas in Pyjamas, has announced plans to expand its Bitcoin mining operation, aiming to produce $16 million worth of Bitcoin each month. The company intends to increase its monthly mining target from 60 BTC to approximately 160 BTC. This expansion will boost their total mining capacity to a hash rate of 11.3 EH/s, up from 3.11 EH/s when they started mining in July. The acquisition of new mining rigs, contributing an additional hash rate of 8.19 EH/s, is set to close in December. NIP Group plans to hold the mined Bitcoin as an investment and will only sell to cover operational costs or for business expansion. Despite these ambitious plans, NIPG stock has experienced a significant decline, dropping 5% on the day and over 87% from its all-time high in June 2025, indicating challenges even with the new venture into cryptocurrency mining.

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