GoMining describes itself as an all-in-one Bitcoin mining platform that makes BTC mining infrastructure accessible to retail users without requiring physical hardware. The platform operates real data centres across the United States (Washington, Texas, and South Carolina) with a total hashrate of approximately 14 million TH/s. The GOMINING token is the native utility token of the GoMining ecosystem, operating as an ERC-20 token on the Ethereum blockchain.

Project Function

The GoMining platform uses a digital miner model, allowing users to access exposure to Bitcoin mining infrastructure through the platform. GOMINING is the platform's native token, used for maintenance fee discounts (up to 20%), governance participation via the veGOMINING vote-escrow mechanism, digital miner upgrades, and ecosystem engagement.

Token Utility

The GOMINING token is an ERC-20 token on Ethereum with an initial supply of approximately 436.9 million tokens, subject to a deflationary burn-and-mint cycle targeting a long-term supply of 100 million tokens. It is used within the GoMining ecosystem for:

• Maintenance fee discounts: Reducing platform maintenance fees by up to 20% when paid in GOMINING.
• Governance: Locking GOMINING to receive veGOMINING, which grants voting rights on platform decisions including the weekly Burn & Mint mechanism.
• Digital miner upgrades: Used for upgrading digital miners within the GoMining platform.
• Ecosystem participation: Used in platform incentive and reward mechanisms.

About the Founders

GoMining was founded in 2017. The token is issued by GoMining (BVI) Limited, incorporated in the British Virgin Islands, with operating entities in Latvia (SIA GoMining Latvia) and Czechia (GoMining (Czech) s.r.o., registered as a virtual asset service provider). The CEO is Mark Zalan, who has led the project since founding. The advisory board includes Gleb Kostarev (formerly Binance, CEO & Co-founder of Blum IO), Igor Milihram (early Magic Eden team), Tal Cohen, and Victor of R136 Ventures.

Risks of GOMINING

Like an investment in other crypto assets, there are some general risks to investing in GOMINING. These include: (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold's platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in GOMINING is subject to the following specific risks:

• GOMINING operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with GOMINING. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The GOMINING community and GoMining (BVI) Limited are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of GOMINING have no recourse to the GOMINING community, GoMining (BVI) Limited, or Uphold if GOMINING declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold's Evaluation Process

Prior to listing GOMINING on the Uphold Platform, Uphold performed due diligence on GOMINING and determined that GOMINING is unlikely to be a security or derivative under relevant securities legislation. Uphold's analysis included reviewing publicly available information on the following:

• The creation, governance, usage, and design of GOMINING, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community.
• The supply, demand, maturity, utility, and liquidity of GOMINING.
• Any marketing materials put forward by the GOMINING social team including on X, Medium, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with GOMINING, including any code defects, security breaches and other threats concerning GOMINING and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with GOMINING, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of GOMINING.