Briefly
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The NIP Group, the parent company Esports Organization Ninjas in Pajamas, has acquired an unpublished number of Bitcoin mining trains.
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The company estimates that its mining operation will produce 60 BTC per month or $ 6.5 million.
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His shares have fallen by 17% since Tuesday’s announcement and dropped by 88% of their historical maximum.
NIP Group, parent company iconic organization Esports Ninjas in pajamas, announced on Tuesday that he enters the game Bitcoin mining.
The group joins the industry through the acquisition of an uninhabited number Bitcoin Mining sets that have a combined extinguished 3.11 Eh/s – a unit of measuring computing power used in bitcoins mining. The NIP Group estimates that its mining will produce 60 BTC per month worth approximately $ 6.5 million at current prices. Of course, it will not be a net profit, because the running of the bitcoin mining trains is extremely expensive due to electricity costs.
Along with this, the company founded a division of digital computers that will drive its current and future Mining surgeryAs well as to determine what to do with the bitcoin. The NIP group did not respond UnscrambleRequest for comment on his plans with BTC.
NIP group the brands themselves As a group ESports Entertainment Group, but it is the best known for the ESports Ninjas team in pajamas that compete at the highest level Valuation, League of Legends, Rocket leagueAnd others. From 2012 to 2013 its Counter-Strike: Global offensive team continued 87-wing strip– Record that remains intact and highly respected.
“No just a game company”
The founder and CEO of the NIP Group, Hicam Chahine, said on LinkedIn It is looking for new ways to generate revenue outside Esports and entertainment after last year when it published. Bitcoin mining was considered to be a sufficiently relevant and neighboring vertical solution, adding that further expansion of mining is on the horizon.
However, NIP Group’s shares have dropped by $ 2.13 since Tuesday Tradingview. Now it is 88% of the historically highest $ 17.76, hit in July 2024.
“We are no longer just a game company,” Chahine wrote on LinkedIn. “We become digital infrastructure in the next generation of entertainment era. We bring real computing power. Real operators. Real skills.”
This step comes in the middle and a wave of public companies Creation A crypto-based cash register and reserves, according to the model that created a strategy, earlier Microstrategyso successful.
The strategy led by Michael Saylor has turned from the relatively average business Intelligence Software Solutions to one of the most sought-after shares on the market-the first purchase of bitcoins more than 3300%. The company now owns bitcoins worth more than $ 65 billion, according to Saylor tracker.
While the trend of the Ministry of Finance sweeps the crypto industry, Some experts They warned that it could spell a disaster if companies were forced to sell.
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