KuCoin Launches Cloud Mining Platform to Capture 10% of Dogecoin Mining Capacity

KuCoin cryptocurrency exchange aims to capture 10% of the Dogecoin mining capacity through its new cloud mining platform, KuMining. The platform will offer verifiable hashrate backed by global mining facilities with 300 MW to 2 GW of power resources. KuMining will initially have a hashrate of approximately 10 EH/s and 200 TH/s for DOGE/LTC, making it the fourth-largest Dogecoin mining entity. The platform aims to decentralize the hashrate and provide equal opportunities in cryptocurrency mining. Purchasing hashrate through KuMining will be available starting September 16.

KuCoin, a prominent cryptocurrency exchange, has announced the launch of its new cloud mining platform, KuMining. This platform aims to capture 10% of the Dogecoin mining capacity, positioning it as a significant player in the cryptocurrency mining landscape. KuMining will offer verifiable hashrate backed by global mining facilities with power resources ranging from 300 MW to 2 GW. The platform is set to have an initial hashrate of approximately 10 EH/s and 200 TH/s for DOGE/LTC, making it the fourth-largest Dogecoin mining entity [1].

KuMining will decentralize the hashrate, providing equal opportunities for cryptocurrency mining. The platform will enable users to purchase hashrate starting from September 16, 2025. This initiative aligns with KuCoin's mission to make cryptocurrency mining more accessible and transparent, reducing the barriers to entry for both novice and experienced investors.

The platform's initial hashrate and power resources indicate its significant impact on the Dogecoin mining ecosystem. With a focus on decentralization and transparency, KuMining aims to create a more balanced mining environment. This approach could foster growth and innovation within the cryptocurrency sector, attracting both individual investors and institutional participants.

The launch of KuMining underscores KuCoin's strategic vision to expand its services and capture a larger share of the cryptocurrency market. By offering a user-friendly cloud mining platform, KuCoin is poised to become a key player in the mining industry, providing investors with a reliable and accessible way to participate in cryptocurrency mining.

References:
[1] KuCoin Launches KuMining Platform, Aims to Capture 10% of Dogecoin Mining Capacity [https://crypto.news/iebyte-cloud-mining-delivers-passive-income/]