Ninjas in Pyjamas Mine $14M Bitcoin as Expansion Accelerates
Esports Team Ninjas in Pyjamas Mines $14 Million in Bitcoin as Operation Expands
NIP Group Inc., the publicly traded parent company of the esports brand Ninjas in Pyjamas, said Thursday that it mined approximately 151.4 Bitcoin during the first three months of its Bitcoin mining operation.
The company said the output, produced between September and November, was worth about $14.5 million at the time of the announcement.
NIP Group also said it is expanding its Bitcoin mining operation, extending its activities beyond esports and into crypto infrastructure.
The update highlights how some publicly traded companies are using Bitcoin mining as a new business line, reporting early production figures and signaling plans to scale operations alongside their existing core brands.
