Gaming Giant Makes Bold Move Into Bitcoin Mining

Gaming Giant Makes Bold Move into Bitcoin Mining

The company has made a surprise leap into Bitcoin mining, aiming to generate around 60 BTC monthly with newly acquired hardware boasting 3.11 EH/s of computing power. At current prices, that translates to roughly $6.5 million in monthly revenue — before costs like electricity, maintenance, and infrastructure are factored in. To manage this new operation, NIP has formed a dedicated Digital Computing Division, which will also handle strategic expa…

Esports Giant Ninjas in Pyjamas Buys Bitcoin Miners, Expects Monthly Production of $6.5M in BTC - WorldNL Magazine

In brief NIP Group, the parent company of esports organization Ninjas in Pyjamas, has acquired an undisclosed number of Bitcoin mining rigs. The company estimates its mining operation will produce 60 BTC a month, or $6.5 million. Its stock has fallen 17% since the Tuesday announcement, and is down 88% from its all-time high. NIP Group, the parent company of iconic esports organization Ninjas in Pyjamas, announced on Tuesday that it is entering…

Esports Giant Ninjas in Pyjamas Buys Bitcoin Miners, Expects Monthly Production of $6.5M in BTC

NIP Group, the parent company of esports organization Ninjas in Pyjamas, is hoping to mine 60 BTC a month, worth approximately $6.5 million.