We consider the minimum spanning tree problem on a weighted complete bipartite graph
$K_{n_R, n_B}$ whose
$n=n_R+n_B$ vertices are random, i.i.d. uniformly distributed points in the unit cube in
$d$ dimensions and edge weights are the
$p$-th power of their Euclidean distance, with
$p\gt 0$. In the large
$n$ limit with
$n_R/n \to \alpha _R$ and
$0\lt \alpha _R\lt 1$, we show that the maximum vertex degree of the tree grows logarithmically, in contrast with the classical, non-bipartite, case, where a uniform bound holds depending on
$d$ only. Despite this difference, for
$p\lt d$, we are able to prove that the total edge costs normalized by the rate
$n^{1-p/d}$ converge to a limiting constant that can be represented as a series of integrals, thus extending a classical result of Avram and Bertsimas to the bipartite case and confirming a conjecture of Riva, Caracciolo and Malatesta.