GoMining Unveils Instant Funds for Eligible Digital Miners

GoMining has introduced Instant Funds, a new feature that allows eligible users to use their digital miners as collateral to access liquidity in supported markets. This feature is designed for tokenized Bitcoin mining, enabling users to receive USDT or USDC without selling their miners.

Users can lock an NFT miner as collateral and receive funds directly in their GoMining balance while continuing to earn Bitcoin rewards during the active position. Each Instant Funds position has a 30-day term with 0% APR and automatically renews, but an origination fee of 1.5% to 2.5% is charged when the position is opened and at each 30-day renewal.

The feature is currently limited to miners with energy efficiency of 12 watts per terahash (W/TH) or better, held in the user's platform wallet, and not listed on GoMining's secondary marketplace. KYC Level 1 verification is required for eligibility, while users in the European Economic Area who meet the verification requirements can access funds in USDC.