GoMining (GoMining Token), ticker GOMINING (formerly ticker GMT), is the token of a Bitcoin-mining-as-a-service and DePIN platform that gives holders exposure to physical Bitcoin-mining infrastructure.
The token was first deployed on Ethereum on 2021-04-26 and is now also issued on BNB Smart Chain, TON, and Solana (added 2025-01-07), functioning as one fungible asset across all four chains. GoMining operates Bitcoin-mining data centers in the United States (Washington, Texas, South Carolina) with a stated aggregate hashrate of approximately 14 million TH/s.
GoMining differentiates itself from purely synthetic mining-yield tokens by linking token holders directly to revenue-generating physical Bitcoin-mining hardware through NFT-linked mining-power ownership, rather than a DeFi-style liquidity or lending product.
Token-level value capture runs through the veGOMINING vote-escrow mechanism, where holders who lock tokens vote weekly on a Burn & Mint process that can net-reduce circulating supply. Reported 24-hour trading volume was approximately $21.19M, though nearly all of it (99.8%) occurred on centralized exchanges rather than on-chain.
GOMINING functions as both a utility and governance token: within the GoMining ecosystem it is used to acquire NFT-linked virtual mining power and pay related platform fees.
Holders can lock tokens as veGOMINING to gain voting rights over a weekly Burn & Mint supply-mechanism vote, giving them a mechanical role in controlling token supply. This vote-escrow design ties governance participation directly to token lock-up rather than to passive holding alone.
Circulating supply is approximately 403.3 million GOMINING, with maximum supply of approximately 436.9 million, as of 2026-09-02.
Net emission is governed by a weekly Burn & Mint vote: when the "vote to burn" share exceeds zero, more tokens are burned than minted that week, net-reducing supply. Recent on-chain signals show token supply is currently slightly net-deflationary.
The GOMINING token (originally ticker GMT) launched on Ethereum on 2021-04-26.
GoMining raised $3 million in a Seed round led by Bitscale Capital, announced in May 2024; the investment was structured as $3 million worth of GOMINING tokens plus a collection of GoMining NFTs rather than a traditional equity round.
GOMINING is deployed across four blockchains: Ethereum (since 2021-04-26), BNB Smart Chain (same contract address as Ethereum), TON, and Solana (since 2025-01-07).
It operates as one fungible token bridged and issued across all four networks, with no single chain treated as exclusively native; the original Ethereum deployment is treated as the primary contract for audit and holder-concentration reporting.
GoMining's CEO is Mark Zalan. The project's advisory board has been reported to include Gleb Kostarev (formerly of Binance; CEO and co-founder of Blum IO), Igor Milihram (an early Magic Eden team member), Tal Cohen, and Victor of R136 Ventures.
The GOMINING token is issued by GoMining (BVI) Limited, incorporated in the British Virgin Islands. The project's operating brand is headquartered in Singapore.
Additional operating entities include SIA GoMining Latvia and GoMining (Czech) s.r.o., with the Czech entity registered as a Virtual Asset Service Provider (VASP).
GoMining uses a narrow, single-purpose on-chain governance model called veGOMINING, a vote-escrow system in which token holders lock GOMINING to gain voting weight.
Holders vote weekly on whether to activate a Burn & Mint supply mechanism, giving the community direct, mechanical control over token supply inflation or deflation. This governance scope is limited to the supply mechanism; no broader on-chain structure covering treasury allocation, protocol upgrades, or personnel decisions has been identified.
GoMining unveiled GoBTC Pay Gen1, an SDK/API enabling merchants and wallets to accept instant Bitcoin payments settled on Bitcoin's base layer, announced at Consensus Miami 2026. The stated roadmap includes a POS terminal, merchant dashboard, and Shopify/WooCommerce plugins.
Other 2026 releases include a "Step Down Auction" marketplace-liquidity feature (2026-06-26), merged VIP and referral programs (2026-07-17), and "Instant Funds" for digital Bitcoin-miner holders (2026-08-27). GoMining also states it is expanding US data-center capacity, targeting 1 gigawatt of combined Bitcoin-mining and AI-compute capacity in 2026.
CertiK audited the GOMINING (then GMT) contract in 2021, completing its review on 2021-08-12 with no critical or medium-severity vulnerabilities found. The audit noted one major centralization issue (resolved), one minor centralization issue (acknowledged), and two informational gas-optimization notes. CertiK's ongoing Skynet monitoring currently rates the project's security at 88.22/100 ("AA"), as of 2026-09-02.
Structural risk factors include high holder concentration — the top 16 addresses hold approximately 77.77% of supply — and thin on-chain liquidity relative to market capitalization, as most trading volume occurs on centralized exchanges. CertiK notes the team is not identity-verified.