Bitplanet Inks MOU with Antalpha to Kick Off Bitcoin Mining Venture

South Korean tech firm Bitplanet Inc. has officially entered the Bitcoin mining industry after signing a memorandum of understanding with Antalpha, a Nasdaq-listed fintech company, along with its network of mining ecosystem partners. The deal marks a significant strategic pivot for Bitplanet as it moves to establish a production-based digital asset acquisition channel.

As part of the agreement, Bitplanet will allocate KRW 15 billion — roughly $10.8 million — toward Bitcoin mining hardware, with deployment scheduled to begin this month. The equipment will be installed at colocation facilities located in Oman and Paraguay. Both locations were selected based on their notably competitive electricity rates and dependable power grid infrastructure, factors that are critical to the economic viability of large-scale mining operations.

Antalpha, known for operating the Antalpha Prime technology platform, delivers BTC supply-chain solutions and margin lending services to participants across the Web3 sector. Through this partnership, Bitplanet gains access to Antalpha's expansive global mining network, including logistics support, hardware supply chains, and dedicated technical expertise.

In terms of production targets, Bitplanet is aiming to generate more than 7 BTC each month and in excess of 80 BTC annually during the first phase of its mining rollout. Rather than liquidating mined coins, the company intends to retain Bitcoin as a long-term financial asset under a framework it has branded as the Digital Asset Treasury, or DAT. This model involves distributing holdings across three categories: liquidity reserves, risk-hedging funds, and reinvestment capital.

What sets this approach apart from the strategies employed by many corporate Bitcoin holders is its focus on mining as a primary acquisition method. While companies like Strategy rely heavily on open-market Bitcoin purchases, Bitplanet is building a production pipeline that generates BTC directly through its own operations — complementing its existing system integration business.

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 also emphasized plans for continued collaboration: "We will continue to work with Antalpha and its ecosystem partners across BTC mining, digital asset infrastructure, and related financial services, expanding the scope of our partnership over time."

Beyond Bitcoin mining, Bitplanet operates as a builder of AI energy infrastructure, with business lines spanning GPU hardware distribution and AI data center development. The company's latest move reflects a broader ambition to integrate digital asset accumulation with its existing technology-focused portfolio, positioning itself at the intersection of energy, AI, and decentralized finance.