Bitplanet비트플래닛

Bitplanet is a small Korean IT services firm with shrinking revenue and widening losses, while its share price has swung sharply.

Bitplanet, a KOSDAQ-listed IT services company mainly serving Korean public-sector clients, reported trailing revenue of ₩26.6B to H1 2026 with an operating loss of ₩5.1B and a net loss of ₩11.6B. Its profile also describes a bitcoin-centred digital asset holding strategy and plans for AI infrastructure, which the financials do not yet show as a clear revenue source. The share price closed at ₩2,655 on 19 October 2026, with a market value of about ₩62.5B, after a 79.5% rise over three months and a 73.8% fall over one year.

What stands out

• Revenue has fallen for several years, from ₩61.9B in 2021 to ₩24.8B in 2025, and the trailing figure to H1 2026 is ₩26.6B.
• The company has made operating losses in most recent years, with a trailing operating margin of -19.3% and free cash flow of about -₩8.9B.
• Cash stood at about ₩13.3B against no reported borrowings, and liabilities were 26.4% of equity.
• Foreign ownership rose from 14.6% to 24% over about 60 days, while the 20-day institutional flow was close to zero.
• Recent filings include several amended reports on tangible asset acquisitions, a completed asset merger, a major supply contract and a shareholders' meeting call.

What to watch

• Upcoming shareholders' meeting and the agenda in the filing, along with the record date.
• Whether the company's bitcoin and AI infrastructure plans turn into reported revenue or further asset purchases.
• Conversion price adjustments on the 16th series and any further dilution, as well as the next half-year or annual results.