Sunday, July 14, 2024

    GoMining Secures Bitscale Capital Backing to Accelerate Its NFT-Based Bitcoin Mining Operation

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    GoMining, the infrastructure company easing access to Bitcoin mining with its Liquid Bitcoin Hashrate protocol, has raised $3 million through a direct investment from Bitscale Capital, a top international VC fund.

    The agreement will see Bitscale Capital acquire equity worth $3 million, in the shape of GOMINING, the native cryptocurrency token of the GoMining ecosystem, and a portfolio of NFTs, which represent a share of GoMining’s digital Bitcoin mining infrastructure, housed in nine data centers globally.

    GoMining intends to use the funding from today’s round to accelerate its mission of creating a seamless, user-friendly entry point into the world of Bitcoin mining, enabling everyone to pursue digital gold. To do this, GoMining has developed a vision based on the idea of a Liquid Bitcoin Hashrate (LBH), where NFTs represent a tangible share of the company’s Bitcoin mining capacity, specified in power (TH/s) and energy efficiency (W/TH). Each NFT holder effectively obtains a share of a real Bitcoin mining power with the same parameters it specifies, giving them an easy way to generate daily BTC rewards.

    With the growing recognition of its pioneering protocol, GoMining has set itself the ambitious goal of increasing its total generated hashrate to 25,000,000 TH/s by mid-2025. To achieve this goal, GoMining plans to expand its existing data center infrastructure and open new, state-of-the-art facilities in North Africa and the Middle East later this year.

    Through its NFT-powered Bitcoin mining model, GoMining liberates users from the enormous burden of purchasing, setting up and maintaining the complex infrastructure required to mine cryptocurrency. NFT holders are only required to pay for the electricity their mining rigs use, and in return they receive daily rewards generated by the mining operation, paid in either BTC or $GOMINING. A gamified UX further enhances the experience, enabling users to choose from a variety of mining strategies and participate in community voting.

    The electricity costs are among the lowest in the industry, and users can obtain further discounts if they choose to pay their bills in GOMINING tokens. Should users require greater mining power or a higher level of energy efficiency, they can spend GOMINING tokens to upgrade their NFTs in a matter of clicks.

    Bitscale Capital’s investment in GoMining highlights both the keen interest among investors in its mining model, and the strong value and powerful utility attached to its digital assets, which make Bitcoin mining accessible to everyone who wants to participate. To date, GoMining has attracted over 47,000 unique NFT holders, who collectively own more than 101,000 digital assets backed by real Bitcoin mining power. Moreover, its ecosystem has expanded to more than 21,000 unique GOMINING token holders.

    Mark Zalan, CEO of GoMining, commented: “We are delighted to announce the commencement of our partnership with Bitscale Capital and the successful raising of $3 million in investments, which will be directed towards further development of our project. The interest from prominent investors like Bitscale Capital is a clear positive signal that the solutions and ecosystem we develop, as well as our assessment of their potential, resonate with the views of institutional market participants.”

    The broader crypto industry has also taken note of GoMining’s innovative approach to collective Bitcoin mining, as evidenced by the launch of the first collection of NFT miners on the TON blockchain. GoMining is planning to boost its collaboration with the TON ecosystem in the coming months, expanding the easy accessibility of Bitcoin mining to one of the blockchain industry’s most enthusiastic communities.

    About GoMining

    GoMining is a global bitcoin mining company with nine data centers worldwide. Leveraging over 6 years of expertise in the crypto industry, GoMining facilitates seamless global access to daily BTC mining rewards through the ownership of GoMining NFTs, backed by real computing power.

    About GoMining NFTs

    Virtual miners are NFTs by GoMining, backed with a real share of computing power ranging between 1 and 5,000 TH/s, depending on the NFT and its level. Each NFT can be easily upgraded in both computing power and energy efficiency attributes, allowing holders to scale their output with just a few clicks.

    BTC mining rewards for holding an NFT are delivered daily to any wallet, whether internal or external, of the holder’s choice.

    About GOMINING Token

    The native token of the GoMining ecosystem, GOMINING, is accessible on both the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains. The token is currently available on various exchanges, including, Bitfinex, Bitget, MEXC, and Uniswap.

    GOMINING is utilized for various on-platform payments, including NFT purchasing and upgrading, as well as granting access to an additional 10% discount for electricity fees.

    About Bitscale Capital

    Bitscale Capital is a private VC fund with a vast investment background within the Web3 field, based on 67 investment cases. Bitscale Capital’s investment strategy focuses on early-stage ventures that are innovating within the blockchain and cryptocurrency sectors, with a particular emphasis on projects that enhance financial services and payments.

    The recent deals’ portfolio includes participation in decentralized finance (DeFi) and related technologies, such as non-fungible tokens (NFTs) and the metaverse.

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