Digital Bitcoin miner GoMining expands to Solana

GoMining, a platform that allows users to participate in the Bitcoin mining ecosystem through tokenized hashrate ownership, has announced its expansion to the Solana blockchain. This marks a significant step for GoMining as it broadens its services to a new blockchain, providing users with more options for earning Bitcoin rewards.

The GoMining platform operates by allowing users to mine Bitcoin via non-fungible tokens (NFTs) that represent actual Bitcoin mining hashrates. The NFTs can be purchased and staked to earn Bitcoin rewards. Now, with the integration of Solana support, users will be able to access GoMining’s Bitcoin mining rewards on the Solana blockchain, which is known for its high-speed transactions and low fees.

The core utility token of GoMining, GOMINING, facilitates the entire ecosystem, empowering holders to mine Bitcoin by acquiring and utilizing these NFTs. The platform eliminates the need for users to invest in expensive mining equipment and bear high electricity costs, providing a decentralized approach to earning Bitcoin.

GoMining operates a substantial network of Bitcoin mining rigs spread across the United Arab Emirates, Norway, and Kazakhstan, ensuring a wide-reaching infrastructure that supports its users. With this expansion, the platform aims to cater to a larger audience by offering Bitcoin mining rewards to Solana users, aligning with the growing demand for cross-chain interoperability in the cryptocurrency space.

Mark Zalan, CEO of GoMining, emphasized the importance of Bitcoin in the broader crypto ecosystem and the company’s goal to make Bitcoin mining accessible to anyone, regardless of which blockchain they use. He stated, “Bitcoin is a foundational part of the crypto ecosystem, and everyone should have access to mining it as part of their crypto exposure—no matter what blockchain they prefer.”

In addition to expanding the platform’s functionality to Solana, GoMining also announced that its NFTs and the GOMINING token would be featured on Magic Eden, a popular NFT marketplace. This is a strategic move to further enhance GoMining’s visibility and adoption within the Solana ecosystem. Moreover, the GOMINING token will become tradable on various decentralized exchanges, providing liquidity and additional opportunities for users.

GoMining was originally launched in 2017 under the name GMT and underwent a rebranding to its current name, GoMining, in May 2024. Since its inception, the platform has gained substantial traction, and the GOMINING token is now supported by numerous exchanges, including Bitfinex, HTX, Gate.io, Bitget, and MEXC. Currently, the GOMINING token has a market capitalization of around $205 million, reflecting its growing presence in the crypto market.

Through this expansion to Solana, GoMining aims to capture the growing demand for decentralized mining and tokenized mining solutions, offering users across different blockchains a way to participate in Bitcoin mining without the need for significant upfront investment.