Esports giant Ninjas in Pyjamas, through its parent company NIP Group, is expanding its Bitcoin mining operation with ambitious plans to produce approximately $16 million worth of BTC each month. The company aims to increase its monthly production to 160 BTC, up from its previous target of 60 BTC, by scaling its mining capacity to a hash rate of 11.3 EH/s—significantly higher than the 3.11 EH/s when it launched in July. NIP Group intends to hold onto its BTC earnings, selling only to cover operational costs or fund further expansion. Despite the bullish expansion, NIPG stock has dropped 5% on the day and remains well below its all-time high, making it roughly the 12th-largest publicly traded Bitcoin miner globally by hash rate.

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