Bitplanet Enters Bitcoin Mining Arena Through Strategic MOU with Antalpha
South Korean technology firm Bitplanet Inc. has officially stepped into the Bitcoin mining industry after formalizing a memorandum of understanding with Antalpha, a Nasdaq-listed fintech company, along with its network of mining ecosystem partners. The announcement marks a significant strategic pivot for the AI energy infrastructure company.
As part of the agreement, Bitplanet has committed KRW 15 billion — equivalent to roughly $10.8 million — toward the procurement and deployment of Bitcoin mining hardware. Operations are expected to kick off this month, with equipment being installed at colocation facilities located in Oman and Paraguay. Both regions were selected based on their favorable electricity pricing and reliable power grid infrastructure, factors that are critical for sustainable mining profitability.
Antalpha, which runs the Antalpha Prime technology platform, specializes in BTC supply-chain solutions and margin lending services tailored for the Web3 sector. Through this partnership, Bitplanet gains direct access to Antalpha's extensive global mining network, including logistical support, hardware supply chains, and technical expertise that would otherwise take years to develop independently.
In terms of production targets, Bitplanet is aiming to generate more than 7 BTC per month during its initial phase, translating to an annual output exceeding 80 BTC. Rather than liquidating mined coins on the open market, the company intends to retain them as long-term financial assets under a structured framework it calls a Digital Asset Treasury, or DAT. This model distributes holdings across three categories: liquidity reserves, risk-hedging instruments, and reinvestment capital.
This strategy sets Bitplanet apart from corporations that accumulate Bitcoin solely through market purchases. By establishing a mining operation, the company creates a production-based acquisition channel that complements its existing system integration business — essentially building a self-sustaining pipeline to grow its digital asset holdings.
Paul Lee, CEO of Bitplanet, commented on the significance of the deal: "Our partnership with Antalpha is a signal that Bitplanet has entered the global BTC mining ecosystem, and an important milestone marking the point at which the operational model we have presented begins to translate into tangible business results."
Lee further emphasized the long-term nature of the collaboration: "We will continue to collaborate with Antalpha and its ecosystem partners across BTC mining, digital asset infrastructure, and related financial services, expanding the scope of our partnership."
Beyond mining, Bitplanet operates across several verticals within the AI and digital infrastructure space, including GPU hardware distribution and AI data center development. The addition of Bitcoin mining represents another pillar in the company's broader ambition to build a diversified, technology-driven asset base in the evolving Web3 economy.