Esports Team Ninjas in Pyjamas Generates $14 Million Worth of Bitcoin Amidst Growing Operations

NIP Group Reports Strong Bitcoin Mining Debut

NIP Group Inc., the parent company of the renowned esports organization Ninjas in Pyjamas and listed on the Nasdaq under NIPG, revealed on Thursday that it generated around 151.4 Bitcoin—valued at approximately $14.5 million—during its first three months of mining operations, spanning from September to November.

The company initially announced its intention to enter the Bitcoin mining sector in July. By November, NIP Group shared plans to expand its mining hardware, aiming for a monthly output of 160 BTC. In its latest update, the firm revised this target to 140 BTC per month, which is currently worth about $13.5 million.

Bitcoin mining involves using powerful computers to process complex calculations that secure the blockchain network. Successful miners receive a reward of 3.125 Bitcoin per block (about $303,000), along with transaction fees. This process demands significant energy resources and is typically managed by large-scale operations equipped with specialized equipment.

Last November, NIP Group acquired mining equipment totaling a combined hash rate of roughly 8.19 EH/s from vendors such as Apex Cyber Capital, Prosperity Oak Holdings, and Noveau Jumpstar. In return, the company issued over 314 million Class A ordinary shares.

As of Thursday, NIP Group’s mining power has reached 9.66 EH/s, placing it among the top 20 publicly traded Bitcoin miners in the U.S. and making it the largest operator in the MENA region. The company anticipates increasing its total operational capacity to about 11.3 EH/s later this month, pending the completion of remaining transactions.

“These production figures validate our ability to scale mining infrastructure and achieve substantial Bitcoin output,” stated Hicham Chahine, Co-CEO of NIP Group.

Chahine further commented, “With 9.66 EH/s now operational and more capacity coming online soon, we've established a second growth engine that complements our entertainment business. This positions us at the crossroads of digital assets, computing infrastructure, and gaming, with the flexibility to expand into AI workloads as that sector evolves.”

In November, NIP Group told Decrypt that its main objective is to maximize both its Bitcoin reserves and mining hash rate. The company also indicated it would consider selling Bitcoin when market conditions are favorable to fund expansion or cover operational expenses.

About NIP Group

NIP Group is a leading digital entertainment enterprise, best known for its involvement in esports and gaming. Its flagship team, Ninjas in Pyjamas, competes at the highest levels in games such as Counter-Strike 2, Valorant, League of Legends, and Rocket League.

According to Yahoo Finance, the company’s share price remained steady at $1.10 on Thursday, though it has declined by nearly 54% over the past six months.