NIP Group, the parent company of Ninja, the iconic esports organization of pajamas, It was announced on Tuesday What’s in the game Bitcoin Mining.
The group participates in the industry through acquisition of private numbers Bitcoin 3.11 Mining Rig Combined with EH/S Hash Rates – A unit that measures the computational power used in Bitcoin mining. The NIP Group estimates that its mining operations will produce 60 BTC a month, worth around $6.5 million at its current price. Of course, this is not pure profit. Operating a Bitcoin mining rig is very expensive due to the cost of electricity.
In addition to this, the company has established a digital computing division that manages the present and future. Mining operationsdecide what to do with the acquired Bitcoin. NIP group did not respond DecryptionRequest for comment on the acquired plans in BTC.
NIP Group The brand itself As an eSports Entertainment Group, it is best known for its esports team ninja in pajamas. evaluation, League of Legends, Rocket Leagueand more. From 2012 to 2013, the counter strike: the global attack team 87 Winstrike– Remaining records It’s not broken and highly respected.
“It’s not just a game company anymore.”
Hicham Chahine, founder and co-CEO of NIP Group, LinkedIn Following the company that was published last year, it is looking for new ways to generate revenue outside of esports and entertainment. He added that further mining expansion is on the horizon as Bitcoin mining was considered sufficiently relevant to tackle and adjacent vertical.
That said, since its announcement on Tuesday, NIP Group’s shares have fallen 17% to $2.13. TradingView. It is currently down 88% from its all-time hit in July 2024.
“We’re not just gaming companies anymore,” Chahine wrote on LinkedIn. “We are becoming the next generation of digital infrastructure companies built for the entertainment era. It brings real computing power. Actual operators. Actual functions.”
Movement comes in a The wave of public companies create Crypto-based Ministry of Finance Following previously strategic models, the reserves MicroStrategyit was a very successful one.
The strategy led by Michael Saylor has become one of the most popular stocks in the market from the rather average business intelligence software solutions company, taking over 3,300% of the first Bitcoin purchase. The company currently owns over $65 billion in Bitcoin. Saylor Tracker.
Treasury trends will wipe out the crypto industry, Some experts It warns that if a company is forced to sell, it could spell out a disaster.