TechFlow reports, July 6, according to CryptoSlate, South Korean Bitcoin treasury company Bitplanet signed a strategic memorandum of understanding with Nasdaq-listed company Antalpha and related partners, planning to deploy 15 billion Korean won worth of Bitcoin mining equipment and launch full-scale operations within the month. This signifies that Bitplanet is shifting from a reserve model of solely purchasing Bitcoin through financing to continuously acquiring Bitcoin revenue through mining.
According to disclosures, the target output for the equipment in the initial phase is over 7 Bitcoins per month and an annual production exceeding 80 Bitcoins. However, the article points out that the core challenge of this model lies not in nominal output, but in electricity costs, hosting conditions, equipment operational efficiency, and the final quantity of Bitcoin retained. If hashrate prices weaken, energy costs rise, or hosting fees erode output, the mining business may struggle to effectively support its Bitcoin reserve strategy.
