GoMining Unveils Instant Funds for Bitcoin Miner NFT Holders

GoMining has introduced Instant Funds, a feature that allows eligible digital Bitcoin miner NFT holders to use their miners as collateral to borrow stablecoins like USDT or USDC. This option enables users to access up to 30% of the miner's value with a 30-day term at 0% APR, though they must pay a small origination fee.

The miners continue to earn Bitcoin rewards during the loan period, but if the loan-to-value ratio reaches 60%, a buyback period starts and rewards are forfeited. Initially, only miners with energy efficiency of 12 W/TH or better qualify for this feature, with plans to expand eligibility over time.

This Instant Funds feature is available in supported markets via the GoMining app and requires KYC verification.