Bitplanet has signed a memorandum of understanding with Antalpha, planning to invest 15 billion Korean won in equipment to shift towards Bitcoin mining

According to CryptoSlate, South Korea's Bitcoin treasury company Bitplanet has signed a memorandum of understanding (MOU) with Nasdaq-listed company Antalpha and its partners, planning to introduce 15 billion Korean won worth of Bitcoin mining equipment and to launch full-scale mining operations this month. The Bitcoin mined in the future will be recognized as operating income and managed as a long-term financial asset.

The plan indicates that the first phase of equipment is expected to produce over 7 BTC per month, with an annual output of more than 80 BTC (subject to equipment utilization and electricity prices). The mining equipment will be deployed in overseas regions with competitive electricity costs, including Oman and Paraguay, and will adopt an overseas custody and joint operation model.