Bitplanet has signed a memorandum of understanding with Nasdaq-listed fintech company Antalpha and its mining ecosystem partners to enter into the Bitcoin mining business, the company. Announce.
Under the agreement, Bitplanet It will deploy 15 billion Korean won (about $10.8 million) in Bitcoin mining equipment and begin operations this month. The equipment is scheduled to be deployed at joint sites in Oman and Paraguay – regions cited by the company for their competitive electricity costs and stable energy infrastructure.
Antalpha, which operates the Antalpha Prime technology platform, provides BTC supply chain and margin lending services to the Web3 industry. The partnership gives Bitplanet access to Antalpha’s global mining network, including supply chain resources and technical support.
Bitplanet aims to produce more than 7 BTC per month and more than 80 BTC per year from the first stage of equipment.
The company plans to manage mined bitcoin as a long-term financial asset, distributing holdings across liquidity reserves, risk hedge funds, and capital for reinvestment — a model the company calls a digital asset treasury, or DAT.
Bitcoin mining as a way to accumulate Bitcoin for Bitplanet
This approach differs from corporate Bitcoin treasury strategies that rely on open market purchases. With Bitcoin mining, Bitplanet adds a production-based acquisition channel alongside its existing systems integration business.
“Our partnership with Antalpha is a signal that Bitplanet has entered the global BTC mining ecosystem, and is an important milestone that signals the point at which the operating model we have introduced begins to translate into tangible business results,” said Paul Lee, CEO of Bitplanet.
“We will continue to cooperate with Antalpha and its ecosystem partners across BTC mining, digital asset infrastructure, and related financial services, and expand the scope of our partnership,” Li said.
Bitplanet is a South Korea-based company that builds AI power infrastructure via Bitcoin mining, distributed GPU hardware, and AI data centers.
