Per a press release posted yesterday, Ninjas in Pyjamas’ dad or mum firm NIP Group (NIPG) are set to enter the world of Bitcoin mining with the buy of a number of “Bitcoin mining rigs” and services from firms based totally in the United States.
The choice to make investments in the unstable world of Bitcoin mining is a significant shift in focus for NIP Group with the esports and occasion manufacturing firm set to open a brand new “Digital Computing Division” that’s supposed to handle mining operations and different sides of NIPG’s digital infrastructure enterprise.
In accordance to the press launch, NIPG plan buying services able to producing “roughly 60 Bitcoins per 30 days” by way of a “mixed hash fee of three.11 EH/s.” At the time of publication, 60 Bitcoins are price round $6,558,615 USD earlier than paying for energy, hire, and different bills that include mining.
So as to pay for the acquisition of the mining services, NIPG are set to difficulty 119,553,439 Class A extraordinary shares to the two firms promoting the Bitcoin mining tools and services.
In accordance to NIP Group CEO Hicham Chahine, Nip Group’s growth into the world of Bitcoin Mining is a part of a wider plan to develop NIPG’s income in extra of $1B per 12 months. In 2024, NIP Group closed with $85.7 million in income to finish the 12 months with a big web lack of $12.7 million.
Chahine posted the following assertion about the buy on his LinkedIn account:
Credit score: Hicham Chahine’s LinkedIn profile
