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BitPlanet Acquires 1,204 Bitcoin Miners for $10 Million
Electronic Technology · Electronic Equipment/Instruments · yonhap_finance · 2026-09-10
KOSDAQ-listed BitPlanet has completed the acquisition of 1,204 high-efficiency Bitcoin mining rigs to boost its production capacity in Oman and Paraguay.
What Happened
Equipment Acquisition: BitPlanet has finalized the purchase of 1,204 Bitmain mining units, including the 'S21 XP Hydro' and 'S21e XP Hydro' models. The total investment for this acquisition is approximately $9.99 million.
Operational Hubs: The mining rigs have been deployed to Oman and Paraguay, regions selected for their low electricity costs and stable energy supply. The company is utilizing a mix of managed services and joint ventures to optimize operations.
Production Targets: The company aims to mine at least 7 BTC per month, targeting an annual output of 84 BTC. This initiative is part of a broader strategy to secure stable revenue streams from cryptocurrency mining.
Strategic Impact: This expansion marks a significant step for BitPlanet in the digital asset sector. The company's future financial performance will be closely tied to its mining efficiency and the market price of Bitcoin.
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