11:52 IST · Newsroom
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Newsroom
BitPlanet Turns Korea's First Bitcoin Treasury Into a Bitcoin Producer
The Seoul-listed firm has moved from simply holding BTC on its balance sheet to mining it, buying 1,204 hydro-cooled rigs in a deal worth just under $10 million.
Key Takeaways
- BitPlanet paid $9,999,228 for 1,204 Bitmain hydro-cooled rigs, now live.
- The company becomes the first Korean treasury vehicle to mine its own supply.
- Management guided to roughly 38 BTC of self-mined production per quarter.
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Newsflash
Live desk updates · 24/7 timelineTODAY — 10 SEP 2026
14:22 UTC
BitPlanet Buys 1,204 Hydro Rigs in First Korean Mining Push
KOSDAQ-listed BitPlanet spent $10M from cash reserves for Bitmain hydro units, deployed at a leased Gangwon site to produce ~38 BTC per quarter before power.
11:45 UTC
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