This ‘Strong Buy’ Penny Stock Is Pivoting to Bitcoin Mining. Should You Buy Shares Here?


Bitcoin concept by Summit Art Creations via Shutterstock
Bitcoin concept by Summit Art Creations via Shutterstock

Bitcoin (BTCUSD) roared past $111,000 this year, reigniting the crypto gold rush and putting mining profitability back in the spotlight. In this high-stakes digital Wild West, progress is measured in exahashes (EHs). With the right hardware and hash rate, mining shifts from gamble to high-yield infrastructure play.

That’s where NIP Group (NIPG) steps in. Known for its digital entertainment and esports operations, NIP is making an audacious leap. It is acquiring 3.11 EH/s worth of active Bitcoin mining equipment via an all-stock deal with Fortune Peak and Apex Cyber Capital.

Not just a detour from its gaming roots, this is a calculated pivot into digital infrastructure. With a new Digital Computing Division in place and 60 BTC expected to roll in monthly, NIP’s move straddles both immediate revenue and long-term AI-HPC ambitions.

Should sharp investors snag shares now on this news? Or wait it out a bit longer?

Born from the 2023 merger of Sweden’s Ninjas in Pyjamas and China’s esports force ESV5, NIP Group is crafting the next chapter of digital entertainment. With deep roots in competitive gaming and a bold eye on innovation, the company runs elite esports teams, talent management, event production, and game publishing across China, Sweden, Brazil, and the United Arab Emirates.

From arena spectacles to creator-driven content, NIP is shaping how gaming fits into daily life. And now, with a bold leap into Bitcoin mining, it is extending its reach into the future of digital infrastructure. Its market capitalization currently stands at $109 million.

NIPG made its market debut on July 26, 2024, with an initial public offering (IPO) price of $9. The stock surged to a high of $17.76 just days later on July 30, 2024, before reality checked in. Since then, shares have tumbled 89% from those highs, although the tide seems to be turning.

In the past month, NIPG has roared back, gaining 28%. June 30 alone saw a nearly 14% pop, capping a six-day rally with gains topping 66%. The most eye-popping intraday move was on June 26, when shares soared 20.5% — the sharpest move since March.

The recent rally was sparked by buzz around its expansion into live entertainment. Add in rising excitement over its esports, talent management ventures, and Bitcoin mining entry, and investors have a penny stock reinventing itself across verticals — a high-risk, high-reward rebound story in the making. Priced at just 1.4 times sales, this penny stock also sits in classic bargain territory.

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