NIP Group Purchases Additional Bitcoin Mining Rigs, Boosting Its Mining Hash Rate to 13.85 EH/s
1 hours ago
Esports club Ninjas in Pyjamas’ parent company NIP Group has acquired another batch of Bitcoin mining rigs, paying more than 247 million Class A common shares as consideration. Upon completion of the transaction, the company’s Bitcoin mining hash rate will reach approximately 13.85 EH/s, with an estimated monthly Bitcoin output of around 195 BTC, worth about $2.8 million at current prices. NIP Group Founder and Chief Executive Officer Hicham Chahine stated that the company opted to scale up Bitcoin mining operations during a period of cooling market momentum and relatively eased competition, adding that the newly acquired mining rigs require a short deployment time. Previously, NIP Group had expanded its Bitcoin mining business with an original monthly output target of 160 BTC; this acquisition will raise that target to 195 BTC. Chahine noted that the company conducted a comprehensive evaluation of all its businesses this year, focusing on improving profit margins and defining clear profitable paths, and the Bitcoin mining business passed this assessment. He also added that if future returns from artificial intelligence (AI) computing operations exceed those from Bitcoin mining, the company may redirect some of its computing power infrastructure to AI computing. NIP Group is a digital entertainment company that owns esports operations including Ninjas in Pyjamas.
Pre-market news roundup for US stocks: NVIDIA ramps up its collaboration with Meta on AI; Goldman Sachs says AI-driven trading is leading global asset performance.
8 minutes ago
Apple launches 14-inch MacBook Pro and M6 iMac equipped with M6 chips.
8 minutes ago
SoFi reports Q3 net profit of $241 million, raises 2026 revenue guidance.
8 minutes ago
Bonk Guy: Dismal market sentiment may breed opportunities, and on-chain market conditions are expected to rebound.
8 minutes ago
Michael Saylor: Just because anyone can issue a cryptocurrency doesn't mean Bitcoin has no value.
8 minutes ago
Cryptocurrency-related stocks rose broadly in pre-market US trading, with ABTC gaining nearly 3%.
8 minutes ago
Hot feeds
A trader profits $448K by monitoring #Binance's new listings!
2024.12.13 17:37:29
Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.
2024.12.16 14:48:36
A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.
2024.12.14 10:35:27
When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.
2026.01.31 18:37:29
A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.
2025.01.05 16:05:18
A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!
2024.12.03 23:09:08
MoreHot Articles

How did I turn $1,000 into $30,000 with smart money?
2024.12.09

10 promising AI Agent cryptos
2024.12.05

The 30-Year-Old Entrepreneur Behind Virtual, a Multi-Million Dollar AI Agent Society
2025.01.22

10 smart traders specializing in MEMEcoin trading on Solana
2024.12.09

A trader lost $73.9K trading memecoins in just 3 minutes — a lesson for us all!
2024.12.13

What is $SPORE? Let us take you through the on-chain records to show you how it works.
2024.12.25

