Bitplanet Inc. has signed a memorandum of understanding with Nasdaq-listed fintech company Antalpha and its mining ecosystem partners to enter the Bitcoin mining business, the company announced.
Under the agreement, Bitplanet will deploy KRW 15 billion (approximately $10.8 million) in Bitcoin mining equipment and begin operations this month. The equipment is set for deployment at colocation sites in Oman and Paraguay — regions the company cited for competitive electricity costs and stable power 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 is targeting output of more than 7 BTC per month and over 80 BTC per year from its first phase of equipment.
The company plans to manage mined Bitcoin as a long-term financial asset, distributing holdings across liquidity reserves, risk-hedging funds, and reinvestment capital — a model the company is calling a Digital Asset Treasury, or DAT.
