NIP Group, owner of esports team Ninjas in Pyjamas, acquired a third batch of Bitcoin miners in exchange for over 247 million Class A ordinary shares. The company says its capacity is now about 13.85 EH/s, enough to mine roughly 195 Bitcoin a month, or $2.8 million at current prices, up from a target of 160 Bitcoin a month set last year. CEO Hicham Chahine said the firm is buying mining capacity while the market is “cooling,” and that the facilities could shift to AI and high-performance computing if those workloads clearly beat mining returns. Since the announcement last week, NIPG shares have fallen 40.7% from $6.74 to $4, an all-time low, while Bitcoin dropped 2% to $79,820 over the same period.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/26/2026 | 80,150.56 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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