NIP Group triples Bitcoin mining capacity with third batch of miners

NIP Group, the owner of esports team Ninjas in Pyjamas, has acquired a third batch of Bitcoin miners in exchange for over 247 million shares, bringing its total mining capacity to roughly 13.85 EH/s. This enables the company to mine approximately 195 Bitcoin per month, valued at around $2.8 million at current prices. CEO Hicham Chahine stated the acquisition was made while the market is "cooling" to secure better margins, and the facilities could be shifted to AI computing if returns become more favorable than mining.