DECRYPT · 2026-10-27 11:46 UTC

Why This Team of Ninjas Is Tripling Down on Mining Bitcoin

Ninjas in Pyjamas Group acquired a third batch of Bitcoin miners for over 247 million Class A ordinary shares, bringing total hashrate to 13.85 EH/s and mining capacity to 195 Bitcoin per month ($2.8 million at current prices). CEO Hicham Chahine stated the company is betting on Bitcoin mining during market cooling and noted facilities could pivot to AI infrastructure if economics improve. NIPG stock has dropped 40.7% to $4 since the Bitcoin announcement last week, reaching an all-time low, while Bitcoin declined 2% to $79,820 over the same period.

Loading the story on Tree News…