Bitplanet adds mining as a new source of bitcoin accumulation
According to CryptoSlate, South Korean bitcoin treasury company Bitplanet has signed a memorandum of understanding, or MOU, with Nasdaq-listed Antalpha and its partners to introduce KRW 15 billion worth of bitcoin mining equipment. The company said it plans to launch full-scale mining operations within this month, adding a production-based route to grow its BTC holdings instead of relying solely on direct market purchases.
Under the disclosed first-phase plan, the equipment is expected to generate more than 7 BTC per month, equivalent to more than 80 BTC on an annual basis. Bitplanet noted that actual output will still depend on key operating variables, particularly machine utilization and local electricity prices, both of which can materially affect realized mining performance.
The company also indicated that bitcoin produced through mining will be booked as operating revenue and managed as a long-term financial asset. That accounting treatment is notable because it frames mined BTC not simply as inventory, but as part of a broader treasury strategy tied to balance-sheet management.
For deployment, the mining machines are expected to be installed in overseas locations with more competitive power costs, including Oman and Paraguay. The project will use an offshore hosting and joint-venture model, a structure aimed at lowering operating costs and supporting the planned rollout of mining activity.