NIP Group, the digital entertainment company that owns esports organisation Ninjas in Pyjamas, has acquired a third batch of Bitcoin miners by issuing more than 247 million Class A ordinary shares.
The latest transaction lifts the company’s reported mining capacity to roughly 13.85 exahashes per second, or EH/s. NIP Group says that capacity could produce about 195 Bitcoin per month, valued at approximately $2.8 million at the prices cited in the report.
The move represents a significant expansion of a business that sits alongside NIP Group’s gaming and esports activities. The company previously expanded its Bitcoin operation with a target of mining 160 Bitcoin a month. The newest batch raises that stated target by 35 Bitcoin, or about 22%.
Hicham Chahine, NIP Group’s founder and chief executive, told Decrypt that the company chose to increase its mining exposure while the market was “cooling,” rather than waiting for a period when stronger competition could make expansion more difficult. He said the company had reviewed all parts of its business during the year, including mining, with a focus on improving margins and establishing a clearer route to profitability.
A larger mining footprint
Bitcoin mining is the process of using specialised computers to help secure the Bitcoin network and confirm transactions. Miners compete to solve computational problems, and successful operators receive Bitcoin rewards. EH/s is a measure of computing power: one exahash represents one quintillion calculations per second.
NIP Group says its 13.85 EH/s of capacity places it among the largest publicly listed Bitcoin miners globally. Chahine described the expected output of roughly 195 Bitcoin a month as revenue that can support the company’s wider operations and development plans.
The acquisition was completed through the issuance of more than 247 million Class A ordinary shares, meaning the transaction was paid for with equity rather than a cash purchase price disclosed in the source material. The additional capacity is expected to require only a minimal ramp-up period, according to Chahine.
NIP Group is best known for Ninjas in Pyjamas, a professional esports organisation with teams competing in games including Counter-Strike 2, Valorant, League of Legends and Rocket League. The parent company describes itself as a digital entertainment business with interests across gaming and esports, making the mining expansion a major move beyond its better-known activities.
The market response has so far been negative. According to Yahoo Finance data cited by Decrypt, NIP Group’s stock, trading under the symbol NIPG, fell 40.7% from $6.74 to $4 after the company’s Bitcoin announcement the previous week. The report said that $4 was an all-time low for the stock.
Bitcoin also declined over the same period, falling 2% to $79,820 according to Decrypt data cited in the report. Share-price performance and Bitcoin’s market price can affect how investors assess the potential value of a mining business, although the source does not identify a specific reason for NIPG’s decline.
Mining facilities could support AI computing
NIP Group is not presenting Bitcoin mining as the only possible use for its newly expanded infrastructure. Chahine said the company could redirect some capacity toward artificial intelligence and high-performance computing if those activities offer better and more durable returns than mining.
That would not be an immediate or automatic change. Bitcoin mining machines are specialised systems and cannot simply be converted into AI data centres. A shift would require additional work and investment. However, Chahine said the facilities’ surrounding infrastructure and the company’s operational expertise could provide a foundation for compute-intensive workloads.
His test for any change would be commercial rather than strategic alone. NIP Group would assess what AI and high-performance-computing customers are willing to pay, the length of their commitments and whether demand is sustained. Chahine said capacity could be moved when the economics clearly outperform mining consistently, rather than during a brief improvement lasting only a week or two.
The potential pivot also reflects the relationship between NIP Group’s existing businesses and computing infrastructure. Chahine said the company remains a gaming and entertainment business, while its audience already depends on compute-intensive technology. In that context, the company views infrastructure and entertainment as activities that could eventually sit under the same corporate umbrella.
Moneyiar market picture
Moneyiar market data recorded Bitcoin at $80,430.506808014 as of October 25, 2026, at 22:39 local time. Bitcoin was down 0.08% over 24 hours and 1.32% over seven days.
Other assets tracked by Moneyiar showed mixed performance at the same time:
- Injective was priced at $7.9410460184, up 4.33% over 24 hours and down 3.68% over seven days, as of October 25, 2026, at 22:38.
- Alchemy Pay stood at $0.0050519273, down 2.05% over 24 hours and 2.83% over seven days, as of October 25, 2026, at 22:39.
- Loaded Lions was priced at $0.0011817703, down 2.39% over 24 hours and 3.06% over seven days, as of October 25, 2026, at 22:38.
These figures are Moneyiar market data and provide a snapshot at the stated times; they do not change NIP Group’s reported mining capacity or its stated plans for the acquired facilities.
