NIP Group, the umbrella firm of the world-famous e-sports group Ninjas in Pyjamas (NiP), introduced that it has entered the Bitcoin mining business.
Esports Large Ninjas in Pyjamas Will get Into Bitcoin Mining: Goals to Produce $6.5 Million in BTC Month-to-month
The corporate goals to supply 60 BTC monthly by buying a sequence of mining rigs with a complete computational energy of three.11 EH/s (exahash/second), which corresponds to a manufacturing worth of roughly $6.5 million at present costs.
Nevertheless, this manufacturing represents gross earnings; web earnings might differ as soon as bills reminiscent of electrical energy and working prices are deducted.
NIP Group has established a brand new unit to handle mining operations and make strategic choices concerning the BTCs mined: Digital Computing Division.
Though the corporate has not but given particulars on the way it will consider Bitcoins, this new division can even take accountability for future mining investments.
“We Are Not Only a Gaming Firm Anymore”
NIP Group co-founder and co-CEO Hicham Chahine mentioned in a press release on LinkedIn that after the corporate went public final yr, they needed to create income fashions in areas apart from esports and leisure.
Chahine emphasised that Bitcoin mining stands out as a “associated and progressive” space and that they’ll proceed to increase on this space.
“We’re now not only a gaming firm. We’re reworking right into a digital infrastructure firm match for the leisure period,” Chahine mentioned, noting that they’re investing in actual computing energy and operational capability.
However buyers don’t appear to have welcomed the choice up to now. The corporate’s shares have fallen 17% for the reason that announcement on Tuesday, falling to $2.13. They’ve fallen 88% since their peak of $17.76 in July 2024.
NIP Group’s transfer sees institutional companies becoming a member of the development of constructing bitcoin reserves, very like MicroStrategy’s pioneering mannequin. Led by MicroStrategy founder Michael Saylor, the mannequin has led to a 3,300% enhance within the firm’s inventory, turning it into a significant crypto asset investor.
Nevertheless, consultants remind that this strategy carries dangers because of excessive volatility and that corporations might must promote BTC if they’re in bother.
NIP Group’s new course exhibits that gaming giants at the moment are attempting to develop not solely by means of content material manufacturing, but in addition by means of digital infrastructure and asset administration.
*This isn’t funding recommendation.
