GoMining, a blockchain-based platform that allows users to participate in the Bitcoin mining ecosystem via tokenized hashrate ownership, has announced its expansion to Solana.
Users of GoMining can earn bitcoin rewards through non-fungible tokens of the actual Bitcoin (BTC) mining hashrate. The protocol is set to expand this functionality to the Solana (SOL) blockchain network.
The utility token GOMINING powers the GoMining ecosystem, allowing holders to mine BTC after purchasing NFTs. The platform also supports decentralized staking, enabling users to start earning Bitcoin mining rewards without the need to invest heavily in mining rigs and electricity.
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In terms of its operations, the digital BTC miner runs an extensive network of Bitcoin mining rigs across the United Arab Emirates, Norway, and Kazakhstan.
Commenting on the broadening of its services to Solana, GoMining chief executive Mark Zalan said:
“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.”
According to Jan. 7 announcement, GoMining is integrating Solana support ahead of launching its NFTs on industry powerhouse Magic Eden. Along with BTC mining accessibility on Solana, the GOMINING token will also become a tradable asset on various decentralized exchanges.
GoMining launched in 2017, initially known as GMT before rebranding to GoMining in May 2024.
Multiple exchanges supported the token migration, and GOMINING currently trades on top platforms, including Bitfinex, HTX, Gate.io, Bitget, and MEXC. The token has a market cap of approximately $205 million.
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