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South Korean Bitcoin treasury company Bitplanet has reached a cooperation with Antalpha, planning to introduce 15 billion won worth of mining equipment.
BlockBeats news, July 6 - South Korean Bitcoin treasury company Bitplanet signed a Memorandum of Understanding with U.S. listed company Antalpha, planning to introduce 15 billion KRW worth of Bitcoin mining equipment and commence full-scale mining operations this month. Future Bitcoin production will be recognized as operating revenue and managed as long-term financial assets.
The plan shows that in the first phase, the equipment is expected to produce over 7 BTC per month and over 80 BTC annually. The mining equipment will be deployed in overseas regions with competitive electricity costs, including Oman and Paraguay, and will adopt overseas hosting and joint venture operation models.