BITPLANET Boosts Assets with 1,204 High-Performance Miners

BITPLANET, a KOSDAQ-listed company, has completed its acquisition of 1,204 bitcoin mining machines from Bitmain. The total cost for this purchase is $9,999,228, or approximately 13.4 billion won. This transaction represents a significant boost to BITPLANET's noncurrent asset and total assets.

The acquired miners are high-performance models with a hash rate of up to 473 terahashes (TH/s) and power efficiency in the 12-13 joules per terahash (J/T) range. They have been deployed in Oman and Paraguay, where electricity costs are low and supply is stable.

BITPLANET aims to mine at least seven bitcoins per month, or a total of 84 per year. The mined bitcoin will be recognized as sales in accounting, providing a new revenue stream for the company.