{"id":360972,"date":"2026-02-27T19:12:17","date_gmt":"2026-02-27T19:12:17","guid":{"rendered":"https:\/\/community.skin.club\/?p=360972"},"modified":"2026-02-27T19:12:18","modified_gmt":"2026-02-27T19:12:18","slug":"bitcoin-e2889240-after-nip-mining-expansion-coincidence","status":"publish","type":"post","link":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence","title":{"rendered":"Bitcoin \u221240% After NIP Mining Expansion: Coincidence or the \u201cNinja Curse\u201d?"},"content":{"rendered":"<p>After the Swedish organization Ninjas in Pyjamas announced a large-scale expansion of its mining farm network in November, the price of Bitcoin declined by approximately 40% from local highs. The community has already begun joking about the \u201cNIP effect,\u201d but the figures warrant a closer examination.<\/p>\n<h2><strong>The Timeline of the Decline<\/strong><\/h2>\n<p>In November, NIP significantly increased its mining infrastructure, expanding the capacity of its farms. At that time, Bitcoin was trading near local peaks. In the following months, the market entered a correction phase, which ultimately amounted to roughly \u221240% from its high.<\/p>\n<p>Formally, there is no proven causal relationship between the two events. The cryptocurrency market traditionally reacts to macroeconomic conditions, liquidity dynamics, and regulatory developments. However, the timing has fueled numerous memes and ironic interpretations within the esports community.<\/p>\n\n<div class=\"article__content grid-cards-col xl-w-100\">\n    <h3>read more<\/h3>\n    <div class=\"grid-1 gap-12 mb-12 load-parent xl-w-100\">\n        <div class=\"type3 y-red-dif hover-card card-more\">\n        <a class=\"type3__left up-to-card hover-el\" href=\"https:\/\/community.skin.club\/en\/news\/zywoo-twice-as-effective-as-his-competitors\">\n        <div class=\"bg-bottom-abs-short\"> <\/div>\n        <picture class=\"picture object-fit-cover\">\n            <img decoding=\"async\" class=\"picture__img object-fit-cover\" src=\"https:\/\/community.skin.club\/wp-content\/uploads\/2026\/02\/Picuttes-13.jpg.webp\" alt=\"ZywOo \u2014 Twice as effective as his competitors\">\n        <\/picture>\n    <\/a>\n        <div class=\"type3__right main-structure p-20\">\n        <div class=\"type3__top\">\n            <a class=\"type3__title title-24 hover-el\" href=\"https:\/\/community.skin.club\/en\/news\/zywoo-twice-as-effective-as-his-competitors\">ZywOo \u2014 Twice as effective as his competitors<\/a>\n            <a class=\"go-arrow hover-el\" href=\"https:\/\/community.skin.club\/en\/news\/zywoo-twice-as-effective-as-his-competitors\">\n                <div class=\"go-arrow__left go-arrow__part\">\n                    <svg class=\"icon\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\">\n                        <use xlink:href=\"https:\/\/community.skin.club\/wp-content\/themes\/skinclub-v3\/assets\/images\/sprites\/main.stack.svg?v=1776287457#image-blue-arrow\"><\/use>\n                    <\/svg>\n                <\/div>\n                <div class=\"go-arrow__center go-arrow__part\">\n                    <svg class=\"icon\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\">\n                        <use xlink:href=\"https:\/\/community.skin.club\/wp-content\/themes\/skinclub-v3\/assets\/images\/sprites\/main.stack.svg?v=1776287457#image-blue-arrow\"><\/use>\n                    <\/svg>\n                <\/div>\n                <div class=\"go-arrow__right go-arrow__part\">\n                    <svg class=\"icon\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\">\n                        <use xlink:href=\"https:\/\/community.skin.club\/wp-content\/themes\/skinclub-v3\/assets\/images\/sprites\/main.stack.svg?v=1776287457#image-blue-arrow\"><\/use>\n                    <\/svg>\n                <\/div>\n            <\/a><\/div>\n        <div class=\"type3__bottom blue-labels mt-auto\">\n            <div class=\"blue-label disabled\">Feb 27<\/div>\n            <a class=\"blue-label\" href=\"https:\/\/community.skin.club\/en\/news\">News<\/a>        <\/div>\n    <\/div>\n<\/div>    <\/div>\n<\/div>\n<h2><strong>Financial Risk for the Organization<\/strong><\/h2>\n<p>Expanding mining operations is a capital-intensive strategy that involves:<\/p>\n<ol>\n<li>High investment in hardware and energy consumption<\/li>\n<li>Dependence on exchange rate volatility<\/li>\n<li>A long payback horizon<\/li>\n<\/ol>\n<p>During a sharp market correction, the breakeven point can shift substantially. If assets were acquired or mining scaled near market highs, the business model\u2019s margin automatically decreases.<\/p>\n<h2><strong>Context for NIP<\/strong><\/h2>\n<p>On the competitive side, Ninjas in Pyjamas have shown inconsistent results on the Tier-1 scene in 2026. The combination of tournament challenges and a risk-heavy financial expansion adds additional pressure on the brand.<\/p>\n<p>At the same time, it is important to distinguish between community irony and economic reality. A 40% drop in Bitcoin is within the typical range of volatility for the crypto market, which has historically experienced even deeper corrections.<\/p>\n\n<div class=\"article__content grid-cards-col xl-w-100\">\n    <h3>read more<\/h3>\n    <div class=\"grid-1 gap-12 mb-12 load-parent xl-w-100\">\n        <div class=\"type3 y-red-dif hover-card card-more\">\n        <a class=\"type3__left up-to-card hover-el\" href=\"https:\/\/community.skin.club\/en\/news\/esl-pro-league-s23-why-spirit-are-my-favorites-to-win-by-peacemaker\">\n        <div class=\"bg-bottom-abs-short\"> <\/div>\n        <picture class=\"picture object-fit-cover\">\n            <img decoding=\"async\" class=\"picture__img object-fit-cover\" src=\"https:\/\/community.skin.club\/wp-content\/uploads\/2026\/02\/Main-x-Name-126.jpg.webp\" alt=\"ESL Pro League S23: Why Spirit Are My Favorites to Win \u2014 by peacemaker\">\n        <\/picture>\n    <\/a>\n        <div class=\"type3__right main-structure p-20\">\n        <div class=\"type3__top\">\n            <a class=\"type3__title title-24 hover-el\" href=\"https:\/\/community.skin.club\/en\/news\/esl-pro-league-s23-why-spirit-are-my-favorites-to-win-by-peacemaker\">ESL Pro League S23: Why Spirit Are My Favorites to Win \u2014 by peacemaker<\/a>\n            <a class=\"go-arrow hover-el\" href=\"https:\/\/community.skin.club\/en\/news\/esl-pro-league-s23-why-spirit-are-my-favorites-to-win-by-peacemaker\">\n                <div class=\"go-arrow__left go-arrow__part\">\n                    <svg class=\"icon\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\">\n                        <use xlink:href=\"https:\/\/community.skin.club\/wp-content\/themes\/skinclub-v3\/assets\/images\/sprites\/main.stack.svg?v=1776287457#image-blue-arrow\"><\/use>\n                    <\/svg>\n                <\/div>\n                <div class=\"go-arrow__center go-arrow__part\">\n                    <svg class=\"icon\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\">\n                        <use xlink:href=\"https:\/\/community.skin.club\/wp-content\/themes\/skinclub-v3\/assets\/images\/sprites\/main.stack.svg?v=1776287457#image-blue-arrow\"><\/use>\n                    <\/svg>\n                <\/div>\n                <div class=\"go-arrow__right go-arrow__part\">\n                    <svg class=\"icon\" width=\"24\" height=\"24\" viewBox=\"0 0 24 24\">\n                        <use xlink:href=\"https:\/\/community.skin.club\/wp-content\/themes\/skinclub-v3\/assets\/images\/sprites\/main.stack.svg?v=1776287457#image-blue-arrow\"><\/use>\n                    <\/svg>\n                <\/div>\n            <\/a><\/div>\n        <div class=\"type3__bottom blue-labels mt-auto\">\n            <div class=\"blue-label disabled\">Feb 27<\/div>\n            <a class=\"blue-label\" href=\"https:\/\/community.skin.club\/en\/news\">News<\/a>        <\/div>\n    <\/div>\n<\/div>    <\/div>\n<\/div>\n<h2><strong>A Coincidence in Timing<\/strong><\/h2>\n<p>The decline in Bitcoin\u2019s price following NIP\u2019s mining expansion appears symbolic, but there is currently no basis for claiming a direct connection. It is more likely a coincidence against the backdrop of a cyclical market correction.<\/p>\n<p>For esports organizations, asset diversification can serve as a strategic advantage \u2014 however, in the cryptocurrency segment, it is always accompanied by elevated risk and volatility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the Swedish organization Ninjas in Pyjamas announced a large-scale expansion of its mining farm network in November, the price of Bitcoin declined by approximately 40% from local highs. The community has already begun joking about the \u201cNIP effect,\u201d but the figures warrant a closer examination. The Timeline of the Decline In November, NIP significantly [&hellip;]<\/p>\n","protected":false},"author":47,"featured_media":360973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[628],"class_list":["post-360972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nip"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin \u221240% After NIP Mining Expansion: Coincidence?<\/title>\n<meta name=\"description\" content=\"Following Ninjas in Pyjamas\u2019 November expansion of their mining farm network, Bitcoin dropped nearly 40%. We analyze the timeline of events and the financial context.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin \u221240% After NIP Mining Expansion: Coincidence?\" \/>\n<meta property=\"og:description\" content=\"Following Ninjas in Pyjamas\u2019 November expansion of their mining farm network, Bitcoin dropped nearly 40%. We analyze the timeline of events and the financial context.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence\" \/>\n<meta property=\"og:site_name\" content=\"CS2 &amp; CS:GO Articles, News, Events | Skin.Club Community\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-27T19:12:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-27T19:12:18+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/community.skin.club\/wp-content\/uploads\/2026\/02\/c577b38f229e9d3708d310ac5946ea8fae71162e-1920x1080-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1572\" \/>\n\t<meta property=\"og:image:height\" content=\"885\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"JustSteve\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"JustSteve\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence\"},\"author\":{\"name\":\"JustSteve\",\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/#\\\/schema\\\/person\\\/939e37bbdefdc4ca86a6b23cb83e7b95\"},\"headline\":\"Bitcoin \u221240% After NIP Mining Expansion: Coincidence or the \u201cNinja Curse\u201d?\",\"datePublished\":\"2026-02-27T19:12:17+00:00\",\"dateModified\":\"2026-02-27T19:12:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence\"},\"wordCount\":364,\"publisher\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/community.skin.club\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/c577b38f229e9d3708d310ac5946ea8fae71162e-1920x1080-1.jpg\",\"keywords\":[\"NiP\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence\",\"url\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence\",\"name\":\"Bitcoin \u221240% After NIP Mining Expansion: Coincidence?\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/community.skin.club\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/c577b38f229e9d3708d310ac5946ea8fae71162e-1920x1080-1.jpg\",\"datePublished\":\"2026-02-27T19:12:17+00:00\",\"dateModified\":\"2026-02-27T19:12:18+00:00\",\"description\":\"Following Ninjas in Pyjamas\u2019 November expansion of their mining farm network, Bitcoin dropped nearly 40%. We analyze the timeline of events and the financial context.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#primaryimage\",\"url\":\"https:\\\/\\\/community.skin.club\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/c577b38f229e9d3708d310ac5946ea8fae71162e-1920x1080-1.jpg\",\"contentUrl\":\"https:\\\/\\\/community.skin.club\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/c577b38f229e9d3708d310ac5946ea8fae71162e-1920x1080-1.jpg\",\"width\":1572,\"height\":885},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\\\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Community\",\"item\":\"https:\\\/\\\/community.skin.club\\\/en\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News\",\"item\":\"https:\\\/\\\/community.skin.club\\\/en\\\/news\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bitcoin \u221240% After NIP Mining Expansion: Coincidence or the \u201cNinja Curse\u201d?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/community.skin.club\\\/en\\\/\",\"name\":\"CS:GO - Events, news, recommendations\",\"description\":\"CS2 &amp; CS:GO Articles, News, Events | Skin.Club Community\",\"publisher\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/#organization\"},\"alternateName\":\"CS:GO - news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/community.skin.club\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/#organization\",\"name\":\"SkinClub\",\"url\":\"https:\\\/\\\/community.skin.club\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/community.skin.club\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/logo-1-1.png\",\"contentUrl\":\"https:\\\/\\\/community.skin.club\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/logo-1-1.png\",\"width\":512,\"height\":490,\"caption\":\"SkinClub\"},\"image\":{\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/community.skin.club\\\/en\\\/#\\\/schema\\\/person\\\/939e37bbdefdc4ca86a6b23cb83e7b95\",\"name\":\"JustSteve\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/community.skin.club\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/JUSTSTEVE-01-1.jpg\",\"url\":\"https:\\\/\\\/community.skin.club\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/JUSTSTEVE-01-1.jpg\",\"contentUrl\":\"https:\\\/\\\/community.skin.club\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/JUSTSTEVE-01-1.jpg\",\"caption\":\"JustSteve\"},\"url\":\"https:\\\/\\\/community.skin.club\\\/en\\\/members\\\/juststeve\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin \u221240% After NIP Mining Expansion: Coincidence?","description":"Following Ninjas in Pyjamas\u2019 November expansion of their mining farm network, Bitcoin dropped nearly 40%. We analyze the timeline of events and the financial context.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence","og_locale":"en_US","og_type":"article","og_title":"Bitcoin \u221240% After NIP Mining Expansion: Coincidence?","og_description":"Following Ninjas in Pyjamas\u2019 November expansion of their mining farm network, Bitcoin dropped nearly 40%. We analyze the timeline of events and the financial context.","og_url":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence","og_site_name":"CS2 &amp; CS:GO Articles, News, Events | Skin.Club Community","article_published_time":"2026-02-27T19:12:17+00:00","article_modified_time":"2026-02-27T19:12:18+00:00","og_image":[{"width":1572,"height":885,"url":"http:\/\/community.skin.club\/wp-content\/uploads\/2026\/02\/c577b38f229e9d3708d310ac5946ea8fae71162e-1920x1080-1.jpg","type":"image\/jpeg"}],"author":"JustSteve","twitter_card":"summary_large_image","twitter_misc":{"Written by":"JustSteve","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#article","isPartOf":{"@id":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence"},"author":{"name":"JustSteve","@id":"https:\/\/community.skin.club\/en\/#\/schema\/person\/939e37bbdefdc4ca86a6b23cb83e7b95"},"headline":"Bitcoin \u221240% After NIP Mining Expansion: Coincidence or the \u201cNinja Curse\u201d?","datePublished":"2026-02-27T19:12:17+00:00","dateModified":"2026-02-27T19:12:18+00:00","mainEntityOfPage":{"@id":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence"},"wordCount":364,"publisher":{"@id":"https:\/\/community.skin.club\/en\/#organization"},"image":{"@id":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#primaryimage"},"thumbnailUrl":"https:\/\/community.skin.club\/wp-content\/uploads\/2026\/02\/c577b38f229e9d3708d310ac5946ea8fae71162e-1920x1080-1.jpg","keywords":["NiP"],"articleSection":["News"],"inLanguage":"en-US","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/community.skin.club\/#organization"}},{"@type":"WebPage","@id":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence","url":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence","name":"Bitcoin \u221240% After NIP Mining Expansion: Coincidence?","isPartOf":{"@id":"https:\/\/community.skin.club\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#primaryimage"},"image":{"@id":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#primaryimage"},"thumbnailUrl":"https:\/\/community.skin.club\/wp-content\/uploads\/2026\/02\/c577b38f229e9d3708d310ac5946ea8fae71162e-1920x1080-1.jpg","datePublished":"2026-02-27T19:12:17+00:00","dateModified":"2026-02-27T19:12:18+00:00","description":"Following Ninjas in Pyjamas\u2019 November expansion of their mining farm network, Bitcoin dropped nearly 40%. We analyze the timeline of events and the financial context.","breadcrumb":{"@id":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#primaryimage","url":"https:\/\/community.skin.club\/wp-content\/uploads\/2026\/02\/c577b38f229e9d3708d310ac5946ea8fae71162e-1920x1080-1.jpg","contentUrl":"https:\/\/community.skin.club\/wp-content\/uploads\/2026\/02\/c577b38f229e9d3708d310ac5946ea8fae71162e-1920x1080-1.jpg","width":1572,"height":885},{"@type":"BreadcrumbList","@id":"https:\/\/community.skin.club\/en\/news\/bitcoin-e2889240-after-nip-mining-expansion-coincidence#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Community","item":"https:\/\/community.skin.club\/en"},{"@type":"ListItem","position":2,"name":"News","item":"https:\/\/community.skin.club\/en\/news"},{"@type":"ListItem","position":3,"name":"Bitcoin \u221240% After NIP Mining Expansion: Coincidence or the \u201cNinja Curse\u201d?"}]},{"@type":"WebSite","@id":"https:\/\/community.skin.club\/en\/#website","url":"https:\/\/community.skin.club\/en\/","name":"CS:GO - Events, news, recommendations","description":"CS2 &amp; CS:GO Articles, News, Events | Skin.Club Community","publisher":{"@id":"https:\/\/community.skin.club\/en\/#organization"},"alternateName":"CS:GO - news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/community.skin.club\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/community.skin.club\/en\/#organization","name":"SkinClub","url":"https:\/\/community.skin.club\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/community.skin.club\/en\/#\/schema\/logo\/image\/","url":"https:\/\/community.skin.club\/wp-content\/uploads\/2022\/07\/logo-1-1.png","contentUrl":"https:\/\/community.skin.club\/wp-content\/uploads\/2022\/07\/logo-1-1.png","width":512,"height":490,"caption":"SkinClub"},"image":{"@id":"https:\/\/community.skin.club\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/community.skin.club\/en\/#\/schema\/person\/939e37bbdefdc4ca86a6b23cb83e7b95","name":"JustSteve","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/community.skin.club\/wp-content\/uploads\/2025\/09\/JUSTSTEVE-01-1.jpg","url":"https:\/\/community.skin.club\/wp-content\/uploads\/2025\/09\/JUSTSTEVE-01-1.jpg","contentUrl":"https:\/\/community.skin.club\/wp-content\/uploads\/2025\/09\/JUSTSTEVE-01-1.jpg","caption":"JustSteve"},"url":"https:\/\/community.skin.club\/en\/members\/juststeve"}]}},"_links":{"self":[{"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/posts\/360972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/comments?post=360972"}],"version-history":[{"count":1,"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/posts\/360972\/revisions"}],"predecessor-version":[{"id":360992,"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/posts\/360972\/revisions\/360992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/media\/360973"}],"wp:attachment":[{"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/media?parent=360972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/categories?post=360972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/community.skin.club\/en\/wp-json\/wp\/v2\/tags?post=360972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}