NIP Group buys third batch of Bitcoin miners, targets about 195 BTC a month

The company behind one of esports’ most famous teams is going deeper into Bitcoin mining. NIP Group, parent of Ninjas in Pyjamas, has acquired a third batch of mining machines in exchange for over 247 million Class A ordinary shares. The goal is a projected output of about 195 BTC per month. The timing is deliberate. Founder and CEO Hicham Chahine told Decrypt he would rather bet on mining while the market is cooling than when it is hot and crowded. Chahine said he wants to make the move while the market is “cooling,” rather than when competition is higher. What NIP Group is buying NIP Group trades on Nasdaq under the ticker NIPG and is based in Abu Dhabi. The new deal adds approximately 4.47 EH/s of hashrate to its fleet. After the third acquisition, the company says total installed capacity sits at around 13.85 EH/s across all three purchases. That is the base behind its target of roughly 195 BTC per month. That figure comes with caveats. The projection depends on operational and market factors, including network difficulty, machine uptime, and hosting conditions. The payment structure stands out. NIP Group has financed every tranche by issuing Class A ordinary shares, with no ca...