GoMining Launches Instant Funds for Eligible Digital Bitcoin Miners

• GoMining launches Instant Funds for eligible digital Bitcoin miner holders in supported markets.
• Users can use eligible NFT miners as collateral to access USDT or USDC while receiving Bitcoin mining rewards.

GoMining, a platform for tokenized Bitcoin mining, has launched Instant Funds, a new feature that lets eligible holders use digital miners as collateral to access stablecoin liquidity such as USDT or USDC without selling their miners. The feature is now available to eligible users in supported markets after previously being offered in closed mode.

Users can lock an eligible NFT miner as collateral and receive funds directly in their GoMining balance while continuing to receive Bitcoin mining rewards during an active position.

Each Instant Funds position has a 30-day term with 0% APR and automatically renews. An origination fee of 1.5% to 2.5%, depending on the user’s VIP level, is charged when the position is opened and at each 30-day renewal.

How Instant Funds Works

Users can access up to 30% of their miner’s collateral value, with the minimum amount set at $5 and the total available per user capped at $10,000. Multiple positions are allowed as long as they remain within the overall limit.

The miner continues earning Bitcoin while the position remains active and below the liquidation threshold. If the loan-to-value ratio reaches 60%, the position enters a seven-day buyback period. Mining rewards generated after the buyback begins, including rewards earned during any subsequent auction period, are forfeited.

At launch, the feature is limited to miners with energy efficiency of 12 watts per terahash (W/TH) or better. The miner must be held in the user’s platform wallet and cannot be listed on GoMining’s secondary marketplace. Miners linked to an active Mine Now, Pay Later plan or an overdue auto-upgrade subscription are also excluded.

GoMining said it plans to raise the eligibility threshold over time, allowing more miners to qualify for Instant Funds. KYC Level 1 verification is required, while eligible users in the European Economic Area who meet the verification requirements can access funds in USDC.

The feature is now available through the GoMining app in supported markets.