The post Esports Giant Ninjas in Pyjamas Expands Bitcoin Operation, Aims to Mine $16M in BTC Monthly appeared on BitcoinEthereumNews.com. In brief Esports firm NIP Group hopes to mine approximately $16 million in BTC each month by expanding its Bitcoin operation. NIP Group told Decrypt that it intends to hold onto BTC earnings, and will only sell in order to cover costs of the operation or to expand the business. NIPG stock has dropped 5% on the day and is significantly down from its all-time high. NIP Group, the parent company of the long-running esports team brand Ninjas in Pyjamas, is doubling down on Bitcoin, revealing plans to expand its mining operation. As a result, NIP Group hopes to leverage its mining rigs to produce 160 BTC a month, or over $16 million a month at current prices—up from its previous target of 60 BTC per month. The expansion brings its total mining capacity to a hash rate of 11.3 EH/s, a unit of measurement for crypto mining—significantly up from 3.11 EH/s when it first established its Bitcoin mining operation in July. The move makes it approximately the 12th-largest publicly traded Bitcoin miner in the world by hash rate, according to BitcoinMiningStock data.  “We see this as a natural extension of the disciplines we’re already invested in, and [it] puts us in an even better position for cross-product integration,” Hicham Chahine, co-CEO of NIP Group, told Decrypt. “The influx of Bitcoin into the company treasury will naturally lend to investments in AI computing, AI applications within gaming, our existing fan loyalty platform and fan token DOJO, and other advancing technologies.” NIP Group told Decrypt that its primary focus is to increase its Bitcoin holdings and hash rate as much as possible. That said, the firm plans to sell Bitcoin when it feels it is “appropriate” considering the market conditions, and will do so to cover the costs of expanding… The post Esports Giant Ninjas in Pyjamas Expands Bitcoin Operation, Aims to Mine $16M in BTC Monthly appeared on BitcoinEthereumNews.com. In brief Esports firm NIP Group hopes to mine approximately $16 million in BTC each month by expanding its Bitcoin operation. NIP Group told Decrypt that it intends to hold onto BTC earnings, and will only sell in order to cover costs of the operation or to expand the business. NIPG stock has dropped 5% on the day and is significantly down from its all-time high. NIP Group, the parent company of the long-running esports team brand Ninjas in Pyjamas, is doubling down on Bitcoin, revealing plans to expand its mining operation. As a result, NIP Group hopes to leverage its mining rigs to produce 160 BTC a month, or over $16 million a month at current prices—up from its previous target of 60 BTC per month. The expansion brings its total mining capacity to a hash rate of 11.3 EH/s, a unit of measurement for crypto mining—significantly up from 3.11 EH/s when it first established its Bitcoin mining operation in July. The move makes it approximately the 12th-largest publicly traded Bitcoin miner in the world by hash rate, according to BitcoinMiningStock data.  “We see this as a natural extension of the disciplines we’re already invested in, and [it] puts us in an even better position for cross-product integration,” Hicham Chahine, co-CEO of NIP Group, told Decrypt. “The influx of Bitcoin into the company treasury will naturally lend to investments in AI computing, AI applications within gaming, our existing fan loyalty platform and fan token DOJO, and other advancing technologies.” NIP Group told Decrypt that its primary focus is to increase its Bitcoin holdings and hash rate as much as possible. That said, the firm plans to sell Bitcoin when it feels it is “appropriate” considering the market conditions, and will do so to cover the costs of expanding…