[Edaily Reporter Lee Jeong Hun ] KOSDAQ-listed company SGA Co.,Ltd(049470)has completed the acquisition of Bitcoin mining rigs and will begin full-scale operations shortly.

Previously, on the 9th, BITPLANET announced in a regulatory filing that the acquisition of tangible assets, which was signed in June, had been successfully completed. The newly acquired mining rigs consist of 454 units of the “S21 XP Hydro” and 750 units of the “S21e XP Hydro”—the latest models from Bitmain, the ASIC manufacturer that holds the top market share in the global mining equipment (ASIC) market—for a total of 1,204 units.

The acquired equipment consists of high-performance models featuring a hash rate of up to 473 terahashes per second (TH/s) and excellent power efficiency of 12–13 joules per terahash (J/T). The total purchase price for the mining rigs was $9,999,228 (approximately 13.4 billion won). With the completion of payment for the mining equipment, BITPLANET’s non-current assets (approximately 62.3 billion won) increased by 43.9% compared to before the asset acquisition. As a result, total assets (approximately 72.8 billion won) rose by 14.6%.

The mining equipment has been deployed at facilities in Oman in the Middle East and Paraguay in South America, where electricity costs are low and the power supply is stable. The company is commencing initial operations using a combination of outsourced management and joint venture models, with a goal of mining at least 7 BTC per month and 84 BTC annually. The mined BTC will be recognized as revenue for accounting purposes. This effectively secures a new revenue stream in addition to the company’s existing system integration (SI) business.

This asset acquisition transaction was finalized approximately three months after the company’s June disclosure of its “Decision to Acquire Tangible Assets.” Since the purchase of mining rigs and financing were linked to multiple overseas counterparties and foreign exchange settlement procedures, the company reviewed the contract terms and funding execution structure step by step. In particular, as the only listed company pursuing a mining business in Korea, it completed the relevant procedures after consulting with accounting, legal, and foreign exchange advisors.

Lee Seong-hoon, CEO of BITPLANET, stated, “Although the acquisition schedule was adjusted slightly, given the lack of sufficient precedents in Korea, we proceeded by verifying each step—from the contract details to accounting treatment, disclosure, and foreign exchange procedures—through legal and accounting consultations.” He added, “We prioritized legality and the completeness of procedures over speed.” He further emphasized, “Now that we have finalized the relevant procedures, we will prove our capabilities through stable facility operations and tangible operational results.”

The company stated that the know-how it has accumulated in procuring high-density power and optimizing utilization rates through the operation of mining equipment is expected to serve as a core asset for its future expansion into the artificial intelligence (AI) data center (AIDC) business.