Latest news with #NIPG
Yahoo
08-07-2025
- Business
- Yahoo
This ‘Strong Buy' Penny Stock Is Pivoting to Bitcoin Mining. Should You Buy Shares Here?
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. This Analyst Just Raised His Broadcom Stock Price Target by 70%. Should You Buy AVGO Now? Why Alibaba Stock Looks Like a Screaming Buy After Falling 27% From Its 2025 Highs 2 ETFs Offering Juicy Dividend Yields of 20% or Higher Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. 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. NIP Group's fiscal 2024 results were a mixed bag, showing steady top-line progress but lingering profitability pain. Released on April 30, the report sent shares down nearly 12% as revenue came in at $85.3 million, just 1.9% higher year-over-year (YOY). But peel back the layers, and there's more to the story than just the miss. The revenue growth was led by a 147.5% surge in event production revenues, which almost doubled in the second half of the year thanks to tighter integration and a flurry of major events. Margins took a hit, but that was part of the plan — front-loading staff and marketing to lock in tier-one festivals for 2025. Meanwhile, Esports revenue fell 32% to $14.7 million and Talent Management declined 10% to $47.3 million. Still, NIP trimmed its net loss per share by 55% annually to $0.69, beating forecasts, although adjusted EBITDA slumped to -$9.9 million, reflecting profitability achievement challenges. Despite the profitability drag, NIP is clearly evolving. Backed by strategic capital from the Abu Dhabi Investment Office (ADIO) and Guangxi government, the group is morphing from a pure-play esports organization into a global digital entertainment platform. A new headquarters in Abu Dhabi now anchors its expansion efforts. The move comes with payroll subsidies, subsidized production facilities, and front-row access to one of the fastest-growing gaming regions. Looking ahead, NIP Group aims to scale its core businesses, launch new titles, and enter the game publishing and hospitality scene with its first S-tier complex. Backed by fresh funding, the company's Middle East expansion sets the stage for growth through 2025 and beyond. NIP Group's acquisition of 3.11 EH/s worth of Bitcoin mining equipment, set to close by Sept. 30, is more than just a headline grab. Paid entirely in equity through 119.5 million Class A shares, the deal provides near-term revenue without draining cash reserves. This places NIP in direct competition with mid-tier industrial miners. The machines are already running and are expected to yield around 60 BTC per month. For a company battling margin pressure and EBITDA losses, this new revenue stream offers instant top-line support and strategic optionality. Beyond crypto, the hardware unlocks compute capacity that could power AI models, gaming platforms, and more. With a new Digital Computing Division at the helm, NIP's mining pivot could very well become the engine behind its next growth chapter — and a pathway out of red ink. The Street may be quiet on NIPG stock, but the signal is still bullish. The stock carries a 'Strong Buy" rating from the sole analyst tracking shares. Maxim analyst Jack Vander Aarde set a price target of $6 in May, which implies potential upside of 210% from current levels. The analyst praised NIP's evolution into a diversified esports-tech player, though his trimmed target reflects recent share dilution and not wavering confidence. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
11-02-2025
- Business
- Globe and Mail
New Partnerships to Launch Digital Entertainment Hub in China; $40 Million Investment for Entry into Global MOBA Digital Game Arena: NIP Group (Stock Symbol: NIPG)
$NIPG forms a strategic partnership with Optics Valley Traffic Company • Formed by a Merger of eSports Organization Ninjas in Pyjamas and Digital Sports Group ESV5, Which Includes eStar Gaming, a World Leader in Mobile eSports. • Current Operations in China Sweden, Abu Dhabi and Brazil. • Chairman Mario Ho, 29, Has Become the Youngest Founder of a Nasdaq-Listed Company in Asia. Largest Global eSports Provider with US$680M Market Cap. • Strategic Partnership with Optics Valley Traffic Company to Launch Digital Entertainment Hub. • New High-Tech Esports Center to Include Live Streaming, Diverse Influencer-themed Districts, Esports Training Centers, IP-based Tournaments and More. • Strategic Partnership with Abu Dhabi Investment Office for up to $40 Million • Entered MOBA Game Arena with Re: Aetatis, Accelerating Growth in Digital Entertainment. • Strategic Partnership with China Crown Technology Ltd, a Wholly Owned Subsidiary of The9 Limited. NIP Group (Nasdaq: NIPG) is a digital entertainment company created for a growing global audience of gaming and esports fans. The business was formed in 2023 through a merger between legendary esports organization Ninjas in Pyjamas and digital sports group ESV5, which includes eStar Gaming, a world leader in mobile esports. MIT Graduate Chairman Mario Ho, 29, has become the youngest founder of a Nasdaq-listed company in Asia. Building on the success of its competitive teams with an innovative mix of business ventures, including talent management, event production, hospitality and game publishing, NIPG is developing transformational experiences that entertain, inspire and connect fans worldwide to expand its global footprint and engage digital-first gamers where they are. NIPG currently has operations in Sweden, China, Abu Dhabi and Brazil, and its esports rosters participate across multiple game titles at the biggest events around the world. Strategic Partnership with Optics Valley Traffic Company to Launch Digital Entertainment Hub in Wuhan, China On February 11th NIPG announced a strategic partnership with Optics Valley Traffic Company ('OVTC') to co-develop a cutting-edge digital entertainment industry base beneath the East Plaza at Wuhan East Railway Station. The agreementmarks a significant step toward creating a dynamic regional hub for digital innovation and immersive entertainment experiences in Wuhan. NIPG and OVTC will implement a "4+N" business model, focusing on four foundational pillars: comprehensive live streaming facilities, diverse influencer-themed districts, esports training centers and IP-based tournaments. The model also incorporates a range of ancillary services that enhance and support these core elements. This partnership aims to forge a dynamic digital entertainment ecosystem, further cementing Wuhan's position as a nexus for esports and cultural innovation. This latest collaboration aligns with the NIPG strategic vision of cultivating a fully integrated digital entertainment ecosystem that spans events production, esports development, talent management, and game publishing. NIPG continues to explore innovative paths to strengthen its market position, diversify revenue streams, and deliver top-tier digital entertainment experiences to audiences worldwide. Strategic Partnership with Abu Dhabi Investment Officefor up to $40 Million On January 17th NIPG announced in a 6K SEC filing a multi-year partnership with ADIO Holdings Restricted Limited ('ADIO'), an Abu Dhabi incorporated company established by Abu Dhabi Investment Office. This collaboration will drive gaming, media and entertainment growth in Abu Dhabi. Under this agreement, ADIO will provide NIPG with support totaling potentially up to approximately US$40 million in installments over a four-year period, contingent upon NIPG meeting conditions precedent and specified performance milestones, including quantitative and qualitative KPIs and revenue targets. NIPG will establish an Abu Dhabi company, designate Abu Dhabi as its global headquarters, and expand its presence in the Middle East and worldwide. By leveraging a strengthened partnership framework, NIPG plans to increase its capacity across multiple verticals, including but not limited to esports, game publishing, events production, talent management, and creative studios. The Company will also advise ADIO on strategies to develop a thriving ecosystem for gaming and esports in the UAE, ranging from community-focused initiatives to professional-level engagement. NIP Group Enters the MOBA Game Arena with Re: Aetatis, Accelerating Growth in Digital Entertainment On December 20th NIPG announced the introduction of its first MOBA game: Re: Aetatis. This highly anticipated cutting-edge sci-fi MOBA mobile game began open beta testing on December 24, 2024, inviting players to experience the next evolution in competitive gaming. Re: Aetatis marks NIP Group's bold entry into the dynamic game publishing market and a major milestone for the Company's evolution from a top esports organization to a global digital entertainment leader. Following the launch of reservations, Re: Aetatis has garnered significant attention and recognition from players and is poised to become a flagship title in NIP Group's emerging game portfolio. NIPG is pioneering a new approach to game publishing through 'esportsification.' This process involves developing and transforming traditional video games toward competitive gaming, emphasizing the game's competitive nature, strategic depth, and entertainment value, as well as the professionalism and standardization of tournaments. Rather than just publishing a game, NIPG is able to publish, market, and create a whole ecosystem around the new game. This includes leveraging synergies across its business units, such as esports teams, event production, and talent management, to create a unified and engaging gaming experience. Strategic Partnership with The9 Limited On November 26th NIPG and The9 Limited announced that NIP Group has entered into a strategic partnership with China Crown Technology Limited, a wholly owned subsidiary of The9, to develop 'MIR M' into a competitive esports title. Together, both parties aim to create a game that embodies the characteristics of MIR M and is suitable for esports adoption. China Crown secured the exclusive publishing license of 'MIR M' from Wemade Co., Ltd. in China in May 2024. The game is the latest version of the classic game "MIR", including both mobile and PC versions. China Crown's parent company, The9, listed on Nasdaq in 2004 and is one of China's earliest online game developers and operators, known for successfully introducing multiple globally renowned titles to China, such as World of Warcraft and MU Online. NIPG and The 9 will collaborate deeply across three key areas: in-game esports integration, esports tournament system development, and promotion and marketing. NIP Group will leverage its extensive esports experience, event production capabilities, and social media resources both domestically and internationally, in combination with the vast player base of the game soon to be released by The9, to expand the market jointly. In addition, they will build a highly commercialized tournament ecosystem centered around the game and provide extensive support for its global promotion. This includes creating a synchronized, comprehensive, and highly efficient esports marketing network that resonates with esports fans. For more information on $NIPG visit: Disclosure listed on the CorporateAds website Media Contact Company Name: NIP Group Contact Person: Mario Ho, Chairman and Co-CEO Email: Send Email Phone: +46 8133700 Country: China Website:
Associated Press
11-02-2025
- Business
- Associated Press
New Partnerships to Launch Digital Entertainment Hub in China; $40 Million Investment for Entry into Global MOBA Digital Game Arena: NIP Group (Stock Symbol: NIPG)
$NIPG forms a strategic partnership with Optics Valley Traffic Company • Formed by a Merger of eSports Organization Ninjas in Pyjamas and Digital Sports Group ESV5, Which Includes eStar Gaming, a World Leader in Mobile eSports. • Current Operations in China Sweden, Abu Dhabi and Brazil. • Chairman Mario Ho, 29, Has Become the Youngest Founder of a Nasdaq-Listed Company in Asia. Largest Global eSports Provider with US$680M Market Cap. • Strategic Partnership with Optics Valley Traffic Company to Launch Digital Entertainment Hub. • New High-Tech Esports Center to Include Live Streaming, Diverse Influencer-themed Districts, Esports Training Centers, IP-based Tournaments and More. • Strategic Partnership with Abu Dhabi Investment Office for up to $40 Million • Entered MOBA Game Arena with Re: Aetatis, Accelerating Growth in Digital Entertainment. • Strategic Partnership with China Crown Technology Ltd, a Wholly Owned Subsidiary of The9 Limited. NIP Group (Nasdaq: NIPG) is a digital entertainment company created for a growing global audience of gaming and esports fans. The business was formed in 2023 through a merger between legendary esports organization Ninjas in Pyjamas and digital sports group ESV5, which includes eStar Gaming, a world leader in mobile esports. MIT Graduate Chairman Mario Ho, 29, has become the youngest founder of a Nasdaq-listed company in Asia. Building on the success of its competitive teams with an innovative mix of business ventures, including talent management, event production, hospitality and game publishing, NIPG is developing transformational experiences that entertain, inspire and connect fans worldwide to expand its global footprint and engage digital-first gamers where they are. NIPG currently has operations in Sweden, China, Abu Dhabi and Brazil, and its esports rosters participate across multiple game titles at the biggest events around the world. Strategic Partnership with Optics Valley Traffic Company to Launch Digital Entertainment Hub in Wuhan, China On February 11th NIPG announced a strategic partnership with Optics Valley Traffic Company ('OVTC') to co-develop a cutting-edge digital entertainment industry base beneath the East Plaza at Wuhan East Railway Station. The agreementmarks a significant step toward creating a dynamic regional hub for digital innovation and immersive entertainment experiences in Wuhan. NIPG and OVTC will implement a '4+N' business model, focusing on four foundational pillars: comprehensive live streaming facilities, diverse influencer-themed districts, esports training centers and IP-based tournaments. The model also incorporates a range of ancillary services that enhance and support these core elements. This partnership aims to forge a dynamic digital entertainment ecosystem, further cementing Wuhan's position as a nexus for esports and cultural innovation. This latest collaboration aligns with the NIPG strategic vision of cultivating a fully integrated digital entertainment ecosystem that spans events production, esports development, talent management, and game publishing. NIPG continues to explore innovative paths to strengthen its market position, diversify revenue streams, and deliver top-tier digital entertainment experiences to audiences worldwide. Strategic Partnership with Abu Dhabi Investment Officefor up to $40 Million On January 17th NIPG announced in a 6K SEC filing a multi-year partnership with ADIO Holdings Restricted Limited ('ADIO'), an Abu Dhabi incorporated company established by Abu Dhabi Investment Office. This collaboration will drive gaming, media and entertainment growth in Abu Dhabi. Under this agreement, ADIO will provide NIPG with support totaling potentially up to approximately US$40 million in installments over a four-year period, contingent upon NIPG meeting conditions precedent and specified performance milestones, including quantitative and qualitative KPIs and revenue targets. NIPG will establish an Abu Dhabi company, designate Abu Dhabi as its global headquarters, and expand its presence in the Middle East and worldwide. By leveraging a strengthened partnership framework, NIPG plans to increase its capacity across multiple verticals, including but not limited to esports, game publishing, events production, talent management, and creative studios. The Company will also advise ADIO on strategies to develop a thriving ecosystem for gaming and esports in the UAE, ranging from community-focused initiatives to professional-level engagement. NIP Group Enters the MOBA Game Arena with Re: Aetatis, Accelerating Growth in Digital Entertainment On December 20th NIPG announced the introduction of its first MOBA game: Re: Aetatis. This highly anticipated cutting-edge sci-fi MOBA mobile game began open beta testing on December 24, 2024, inviting players to experience the next evolution in competitive gaming. Re: Aetatis marks NIP Group's bold entry into the dynamic game publishing market and a major milestone for the Company's evolution from a top esports organization to a global digital entertainment leader. Following the launch of reservations, Re: Aetatis has garnered significant attention and recognition from players and is poised to become a flagship title in NIP Group's emerging game portfolio. NIPG is pioneering a new approach to game publishing through 'esportsification.' This process involves developing and transforming traditional video games toward competitive gaming, emphasizing the game's competitive nature, strategic depth, and entertainment value, as well as the professionalism and standardization of tournaments. Rather than just publishing a game, NIPG is able to publish, market, and create a whole ecosystem around the new game. This includes leveraging synergies across its business units, such as esports teams, event production, and talent management, to create a unified and engaging gaming experience. Strategic Partnership with The9 Limited On November 26th NIPG and The9 Limited announced that NIP Group has entered into a strategic partnership with China Crown Technology Limited, a wholly owned subsidiary of The9, to develop 'MIR M' into a competitive esports title. Together, both parties aim to create a game that embodies the characteristics of MIR M and is suitable for esports adoption. China Crown secured the exclusive publishing license of 'MIR M' from Wemade Co., Ltd. in China in May 2024. The game is the latest version of the classic game 'MIR', including both mobile and PC versions. China Crown's parent company, The9, listed on Nasdaq in 2004 and is one of China's earliest online game developers and operators, known for successfully introducing multiple globally renowned titles to China, such as World of Warcraft and MU Online. NIPG and The 9 will collaborate deeply across three key areas: in-game esports integration, esports tournament system development, and promotion and marketing. NIP Group will leverage its extensive esports experience, event production capabilities, and social media resources both domestically and internationally, in combination with the vast player base of the game soon to be released by The9, to expand the market jointly. In addition, they will build a highly commercialized tournament ecosystem centered around the game and provide extensive support for its global promotion. This includes creating a synchronized, comprehensive, and highly efficient esports marketing network that resonates with esports fans. Media Contact Company Name: NIP Group Country: China
