Bitplanet’s Antalpha mining deal tests whether Bitcoin treasuries can grow without constant buying
Bitplanet, a South Korean Bitcoin treasury company, signed an MOU with Nasdaq-listed Antalpha and mining partners to shift from simply holding BTC to producing it through mining. It plans to deploy KRW 15 billion in mining equipment and start full-scale operations this month, targeting more than 7 BTC per month and over 80 BTC annually. Mined BTC would be treated as operating revenue and held across reserves, hedging funds, or reinvestment capital. The strategy adds mining risks: hashrate, power costs, uptime, hosting, financing, and whether coins are retained or sold. Bitplanet plans overseas deployment in low-cost, stable-power regions such as Oman and Paraguay, using colocation and joint ventures. The deal tests whether mined BTC can be produced below its effective cost in a weak mining environment, where hashprice and miner revenue remain pressured.
