BitPlanet Turns Korea’s First Bitcoin Treasury Into a Bitcoin Producer

BitcoinWorld BitPlanet Turns Korea’s First Bitcoin Treasury Into a Bitcoin Producer Key Takeaways BitPlanet paid $9,999,228 (about ₩13.4 billion) for 1,204 Bitmain hydro-cooled rigs, now live in Oman and Paraguay.

The 0.86 EH/s fleet could produce nearly double its 7 BTC monthly target at current difficulty; the guidance looks net of costs. Korea’s first regulated Bitcoin treasury company is shifting from buying coins to producing them, with mined BTC booked as revenue.

  Why a treasury company stopped paying spot A corporate Bitcoin treasury grows only as fast as it can raise cash and buy at market. BitPlanet, the former SGA Co.

bought out by a Sora Ventures-led consortium a year ago this week, holds 300 BTC at last count against a 10,000 BTC ambition. Wednesday’s filing adds a second engine.