Everything in Observer
Hash Rate Services
Business Description
GoMining, incorporated in the British Virgin Islands in 2021, operates a Bitcoin hash-rate services platform that sells fractional mining capacity to retail and institutional customers via NFT-backed digital miners, with physical infrastructure spanning data centers in North America, Africa, and Central Asia.
The company's core product is the digital miner, an NFT-like asset deployed on the Ethereum, BSC, Solana, and TON blockchains that entitles holders to a daily share of Bitcoin rewards generated by GoMining's physical hardware. GoMining's data centers carry a combined reported hashrate of 14.7 million TH/s against a reported 350 MW power footprint. The company targets a 90% sustainable energy mix, with hydroelectric generation comprising a significant share; Bitmain supplies the hardware fleet. Each digital miner is operated and maintained by GoMining on the user's behalf, removing hardware procurement and facility management from the customer's scope.
GoMining also issues the GOMINING utility token (listed on Bitfinex and tracked on CoinMarketCap), which functions as a protocol-level discount on electricity payments, a governance instrument through a veGMT staking contract, and a channel for rewards distribution.
As of mid-2025, GoMining reports more than 5 million registered users and cumulative BTC rewards distributed of 5,400 BTC. Digital miner sales reached approximately 169,000 units in 2024, up from roughly 20,400 in 2023, with total sold hashing capacity of approximately 4.2 exahashes for the year. The company employs more than 300 people across offices in North America, Europe, and Asia.
In April 2025, GoMining launched the Alpha Blocks Fund, a $100 million Bitcoin mining yield vehicle for institutional allocators, custodied by BitGo and carrying a 2% annual management fee with no performance fees. The institutional division operates 7.3 exahashes of active hash power backing the fund. GoMining's sole disclosed external equity round is a $3 million seed investment from Bitscale Capital, closed in May 2024.
The GoMining platform extends beyond hash-rate services to include a crypto wallet, a debit card offering up to 5% cashback, a crypto-collateralized USDT/USDC credit facility on 30-day terms, and a travel-booking product paying up to 4% cashback. GoMining Academy, launched in mid-2025, logged more than 141,000 course enrollments within its first months. A Mine Now, Pay Later program, also introduced in 2025, allows customers to begin earning Bitcoin rewards while paying for hashrate in installments.
GoMining is evaluating additional data center sites in Texas and Latin American markets to diversify its existing footprint across North America, Africa, and Central Asia, with Simple Earn (a Bitcoin-yield product for non-miners) targeted for release in 2026.
