Bitplanet, Antalpha to deploy KRW15bn in Bitcoin mining rigs

Bitplanet announced on June 24 that it signed a memorandum of understanding with Nasdaq-listed Antalpha to deploy KRW15 billion in Bitcoin mining equipment. The company plans to start full-scale mining this month and record mined bitcoin as operating revenue. Mined coins will be allocated across liquidity reserves, risk-hedging funds and reinvestment capital rather than kept solely on the balance sheet.

Under the MOU, the first phase of equipment is expected to produce more than 7 BTC per month and over 80 BTC a year, subject to equipment utilization and power costs. At a Bitcoin price near $61,000, 80 BTC would equal about $4.9 million of gross output before electricity, hosting, financing, repairs, taxes and corporate overhead.

Bitplanet plans to deploy rigs in overseas markets with competitive electricity and stable power, naming Oman and Paraguay as target countries. The company expects a mix of outsourced colocation and joint ventures, and will rely on local partners for hosting, maintenance and execution. Antalpha will supply financing and mining-related credit products.

Antalpha, listed on Nasdaq as ANTA after a May 2025 IPO, provides mining-machine loans, hashrate loans, supply-chain credit and margin-lending services through its Antalpha Prime offering. Antalpha’s public filings describe lending products tied to rigs and operating expenses and note mined bitcoin can be used as collateral for hosting and repair services.

Mining converts a balance-sheet exposure into an operational activity that depends on hashrate, hosting contracts, power prices and equipment uptime. Bitplanet will need to acquire or finance machines, ship and install them, secure hosting and power contracts, and maintain high uptime to reach its production target.

Market measures show hashprice near $30–$36 per petahash per day. Industry estimates put May 2026 miner revenue at about $1.12 billion, down roughly 26% year over year. Antalpha reported first-quarter 2026 lending volumes facilitated down 3% year over year and supply-chain total value locked down 25% even as revenue rose 52%.

Investors can track signed hosting or joint-venture contracts, actual hashrate deployed, contracted power costs, monthly BTC production and the quantity of mined bitcoin retained on Bitplanet’s balance sheet after covering hosting and financing costs.

South Korea’s Financial Services Commission stated in 2025 that corporate virtual-asset transactions, restricted in principle since 2017, would be reopened in stages. Bitplanet has committed to provide future disclosures on deployment progress and cost terms.