Bitcoin · South Korea · U.S. Treasury · CryptoSlate
Bitplanet’s Antalpha mining agreement tests whether Bitcoin treasuries can grow without constant buying
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Asia Bitcoin company, Bitplanet, is trying to convert its Bitcoin treasury from a balance-sheet position into a source of mined BTC revenue.
Key facts
- Using a Bitcoin price near $61,000, 80 BTC would represent about $4.9 million of gross BTC output before electricity, hosting, financing, repairs, taxes, and corporate overhead
- In its May 2026 lookback, it noted hashprice averaged $36.60 and faded to $33.58 by month-end as difficulty rose
- VanEck's mid-June Bitcoin ChainCheck estimated May 2026 miner revenue at about $1.12 billion, down 26% year over year, and noted that miners were selling BTC and moving into AI and high-performance
- Bitplanet said the first-phase equipment is expected to target more than 7 BTC per month and over 80 BTC annually, subject to equipment utilization and power costs
Summary
01 Bitplanet signed an MOU with Antalpha and partners to deploy KRW 15 billion in mining equipment and start full-scale operations this month. 02 The move shifts Bitplanet from buying bitcoin for its treasury to earning mined BTC as operating revenue, tied to power and uptime. 03 The open question is whether Bitplanet can keep enough mined coins after costs, especially if hashprice weakens or hosting terms bite. The South Korean company said in a June 24 release that it signed a strategic memorandum of understanding with Nasdaq-listed Antalpha and mining ecosystem partners.