NIP Group mines $14.5M in BTC, eyes $13.5M monthly goal push

The company updated prior guidance and now targets monthly production of about 140 BTC, roughly $13.5 million at current prices. In November, NIP Group disclosed purchases of mining rigs with a combined hash rate of about 8.19 EH/s from sellers including Apex Cyber Capital, Prosperity Oak Holdings, and Noveau Jumpstar, and issued over 314 million Class A ordinary shares in those transactions.

Mining rewards currently deliver 3.125 BTC per block plus transaction fees to miners who win block validation. NIP Group says its 9.66 EH/s capacity places it among the top 20 publicly traded Bitcoin miners in the United States and as the largest in the MENA region.

“These production results prove what we set out to demonstrate—that we can deploy mining infrastructure at scale and generate meaningful Bitcoin output,” said NIP Group Co-CEO Hicham Chahine. “With 9.66 EH/s now operational and the remainder closing soon, we’ve built a second growth engine that complements our entertainment portfolio,” he added. “This positions us uniquely at the intersection of digital assets, computing infrastructure, and gaming—with optionality to expand into AI workloads as that market develops.”

The company, which trades as NIPG on Nasdaq, said it intends to maximize Bitcoin holdings while selling BTC when market conditions are appropriate to fund expansion or operations. The firm continues to operate its esports and gaming businesses, including competitive teams in games such as Counter-Strike 2, Valorant, League of Legends, and Rocket League. Its stock was last quoted near $1.10, down about 54% over the past six months.