[Edaily Reporter Lee Jeong Hun ] BitPlanet ( SGA Co.,Ltd(049470)), a KOSDAQ-listed company and a leading Bitcoin treasury firm in Korea, has agreed to collaborate on Bitcoin (BTC) mining operations with partners in the mining ecosystem, including Antalpha, a company listed on the U.S. Nasdaq.

Both parties announced on the 24th that they had signed a strategic memorandum of understanding (MOU) to facilitate this business collaboration. Through this partnership, BITPLANET will introduce BTC mining equipment worth a total of 150억 won and begin full-scale mining operations starting this month.

Antalpha is a leading fintech company focused on financial, technological, and risk management solutions for the Web3 industry. Through its “Antalpha Prime” technology platform, it provides BTC supply chain and margin lending services, and utilizes AI technology to help users participate more efficiently in the digital asset ecosystem.

This collaboration demonstrates that Antalpha and its mining ecosystem partners highly value BITPLANET’s capabilities in operating digital asset infrastructure, and it provides a foundation for international cooperation that will allow BITPLANET to engage even more deeply in the global BTC mining ecosystem. Furthermore, through this partnership, BITPLANET will gain the opportunity to collaborate with a global mining network that includes resources from the global BTC mining supply chain and technical support.

The newly introduced mining rigs are scheduled to be deployed in overseas regions such as Oman in the Middle East and Paraguay in South America, which offer competitive electricity rates and a stable power supply. BITPLANET plans to adopt an overseas colocation model that combines managed operations and joint ventures (JVs), and intends to establish a sustainable revenue structure through an integrated operational system that encompasses everything from optimizing electricity costs to managing facility operational efficiency and controlling risks.

The company aims to mine at least 7 BTC per month and over 80 BTC annually, starting with the operation of the first batch of equipment. At the same time, it plans to continuously improve mining efficiency by systematically managing equipment utilization rates and electricity costs. Since mined BTC is recognized as operating revenue for accounting purposes, this signifies that the company has secured a new revenue stream based on mining in addition to its existing SI business.

Furthermore, BITPLANET intends to manage the mined BTC as long-term financial assets, allocating them to categories such as liquidity reserves, risk hedging funds, and reinvestment funds. Unlike traditional treasury strategies that simply purchase BTC on the market, BITPLANET plans to diversify its procurement channels by securing BTC through direct mining and gradually establish an operational Digital Asset Treasury (DAT) model to secure a differentiated competitive advantage.

Lee Seong-hoon, CEO of BITPLANET, stated, “Our collaboration with AntAlpha serves as a signal that BITPLANET has fully entered the global BTC mining ecosystem, and it marks an important milestone where the operational model we have consistently proposed has begun to translate into tangible business results.” "Going forward, we will continue to collaborate with AntAlpha and its ecosystem partners in the areas of BTC mining, digital asset infrastructure, and related financial services, while gradually expanding the scope of our partnership," he added.