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Woofun AI reports that Bitplanet has signed a memorandum of understanding with Antalpha and its partners to invest 15 billion Korean won in Bitcoin mining equipment. The companies intend to commence full-scale operations this month, with mined BTC classified as operating revenue and long-term financial assets.
The initial phase projects a monthly generation of over 7 BTC, totaling more than 80 BTC annually based on utilization rates and electricity costs. Mining facilities will be situated in overseas regions with competitive energy prices, such as Oman and Paraguay, utilizing hosting and joint venture models.