Odaily Planet Daily reports that NIP Group, the parent company of esports organization Ninjas in Pyjamas, announced the expansion of its Bitcoin mining business and increased its overall hashrate to 11.3 EH/s through a new asset acquisition agreement.

The company projects that monthly Bitcoin production will increase from 60 BTC to 160 BTC, an increase of over 120%. In this expansion, NIP Group will acquire approximately 8.19 EH/s of mining infrastructure from Apex Cyber Capital, Prosperity Oak Holdings, and Novo Jumpster to further solidify its position in the cryptocurrency computing power sector. (CoinPost)