NIP Group Enters Bitcoin Mining, Analyst Predicts 210% Upside

NIP Group (NIPG) has acquired 3.11 EH/s of active Bitcoin mining equipment, entering the digital infrastructure space. The move is expected to generate 60 BTC monthly, blending immediate revenue with long-term AI-HPC goals. NIPG debuted on July 26, 2024, at $9 per share, rallying 28% in the past month.

NIP Group’s fiscal 2024 results showed a 1.9% revenue increase to $85.3 million, with event production revenues surging 147.5%. Despite a net loss per share of $0.69, NIP is transforming into a global digital entertainment platform with strategic funding from ADIO and Guangxi government.

The acquisition of Bitcoin mining equipment by NIPG, paid in equity via 119.5 million Class A shares, introduces a new revenue stream. This move positions NIP in competition with industrial miners, offering top-line support and strategic options. The hardware could power AI models and gaming platforms, potentially driving growth.

Maxim analyst Jack Vander Aarde rates NIPG stock as a “Strong Buy,” setting a $6 price target, implying 210% upside from current levels. Praising NIP’s evolution into a diversified esports-tech player, the analyst acknowledges recent share dilution but remains confident in the company’s direction and potential for growth.

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