NiP Acquires Bitcoin Mining Machines
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News/NiP Acquires Bitcoin Mining Machines
NiP Acquires Bitcoin Mining Machines
NIP Group has announced a significant expansion into the cryptocurrency sector through the acquisition of Bitcoin mining assets from Fortune Peak and Apex Cyber Limited. This move marks a strategic shift for the publicly traded company, which is widely known for its competitive gaming portfolio.
To spearhead its foray into crypto mining, Ninjas in Pyjamas has established a new Digital Computing Division, operating independently from its core gaming business. The new division is set to manage mining infrastructure with a combined hash rate of 3.11 exahashes per second (EH/s)—a capacity projected to generate approximately 60 Bitcoins per month.
In exchange for the mining hardware and associated infrastructure, NIP Group will issue 119.5 million Class A shares to the sellers. At the company’s average trading price of $2.35 per share, the total value of the transaction stands at approximately $280.8 million—underscoring the scale and seriousness of NIPG’s investment in the crypto space.
“This transaction represents a strategic expansion of our platform into digital infrastructure, a space where we see long-term opportunities to support compute-intensive innovation,” said Hicham Chahine, Co-CEO of NIP Group. “While we remain committed to our entertainment and gaming roots, we believe owning foundational computing capacity will become increasingly essential to harness next-generation, scalable business opportunities such as high-performance computing (HPC), artificial intelligence (AI), advanced gaming technologies, and other compute-heavy applications, for example, that add value for our stakeholders. Bringing meaningful compute power under our umbrella, together with the operational expertise of our new partners, gives us a relatively low-risk pathway into Bitcoin mining and lays the groundwork for us to capture future digital infrastructure opportunities.”
More:NiP Partners with OMG
NiP Acquires Bitcoin Mining Machines
NIP Group has announced a significant expansion into the cryptocurrency sector through the acquisition of Bitcoin mining assets from Fortune Peak and Apex Cyber Limited. This move marks a strategic shift for the publicly traded company, which is widely known for its competitive gaming portfolio.
To spearhead its foray into crypto mining, Ninjas in Pyjamas has established a new Digital Computing Division, operating independently from its core gaming business. The new division is set to manage mining infrastructure with a combined hash rate of 3.11 exahashes per second (EH/s)—a capacity projected to generate approximately 60 Bitcoins per month.
In exchange for the mining hardware and associated infrastructure, NIP Group will issue 119.5 million Class A shares to the sellers. At the company’s average trading price of $2.35 per share, the total value of the transaction stands at approximately $280.8 million—underscoring the scale and seriousness of NIPG’s investment in the crypto space.
“This transaction represents a strategic expansion of our platform into digital infrastructure, a space where we see long-term opportunities to support compute-intensive innovation,” said Hicham Chahine, Co-CEO of NIP Group. “While we remain committed to our entertainment and gaming roots, we believe owning foundational computing capacity will become increasingly essential to harness next-generation, scalable business opportunities such as high-performance computing (HPC), artificial intelligence (AI), advanced gaming technologies, and other compute-heavy applications, for example, that add value for our stakeholders. Bringing meaningful compute power under our umbrella, together with the operational expertise of our new partners, gives us a relatively low-risk pathway into Bitcoin mining and lays the groundwork for us to capture future digital infrastructure opportunities.”
More:NiP Partners with OMG
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