Bitplanet tests mining as a new way to build its Bitcoin treasury

For Bitcoin investors, Bitplanet's new Antalpha deal matters because it shifts the company's treasury model away from relying only on capital raises and BTC purchases. If the plan works, Bitplanet could add Bitcoin through mining instead of constant buying. If it does not, mining could become another expensive use of capital.

Bitplanet said it signed a strategic MOU with Nasdaq-listed Antalpha and other mining partners. The South Korean company plans to deploy KRW 15 billion worth of Bitcoin mining equipment and start full-scale operations this month. It expects the first phase to target more than 7 BTC per month, or over 80 BTC per year, though actual output will depend on equipment use and power costs.

The company said mined BTC will be booked as operating revenue and then managed as a long-term financial asset across liquidity reserves, hedging funds, and reinvestment capital. That changes what investors need to watch. The issue is no longer only how much BTC Bitplanet can buy, but whether it can mine coins cheaply enough and still keep enough of them after costs.

Bitplanet said equipment may be deployed in lower-cost overseas power markets including Oman and Paraguay through colocation and joint-venture structures. That puts attention on hosting terms, uptime, repairs, taxes, and how much mined BTC remains on the balance sheet after expenses.