Esports giant NIP Group (Ninjas in Pyjamas Group) announced the acquisition of its third batch of Bitcoin mining machines, completing the transaction by exchanging over 247 million Class A ordinary shares. This move increases the company's mining hash rate to approximately 13.85 EH/s, raising its monthly Bitcoin mining target from 160 BTC to 195 BTC. Hicham Chahine, founder and CEO of NIP Group, stated that the company aims to invest during market "cooling" periods and plans to utilize these facilities for AI infrastructure in the future. Since the Bitcoin announcement, NIP Group's stock price (NIPG) has fallen 40.7% to $4, reaching an all-time low.