GoMining Token Burn and Mint Report - March 2025

**China's mining resurgence continues** as fresh data shows renewed activity across multiple provinces, with hashrate share climbing back to 14-20%. **Key developments this week:** - Mining activity surges in Xinjiang and Sichuan provinces - Hashrate gravitates toward most efficient power sources - **Cango reports 60% Q3 revenue jump** from increased Bitcoin mining production - **Vanguard opens crypto ETF trading** - world's second-largest asset manager now allows crypto-focused ETF trading The data proves that despite regulatory challenges, mining operations continue expanding globally toward the most cost-effective energy sources. This follows previous reports of solo miners earning significant rewards and new countries like Turkmenistan legalizing mining operations. *Mining infrastructure continues strengthening Bitcoin's global security layer through distributed hashrate growth.*

**GoMining announces participation in Consensus Hong Kong** from February 18-20, 2025. The Bitcoin mining platform will attend CoinDesk's flagship blockchain event to: - Showcase their **NFT-based mining solutions** - Connect with industry leaders in DeFi and institutional finance - Advance their mission of **democratizing Bitcoin mining** GoMining's NFTs represent real computing power, allowing users to earn BTC rewards without traditional mining complexities. The platform operates **4.2+ million TH/s across 9 data centers** with 350 MW infrastructure. **Key highlights:** - 67.5% of maintenance fees paid in GOMINING tokens - 28% of token supply locked for 2+ years average - Deflationary tokenomics with 3.42% of supply already burned The Hong Kong event represents GoMining's next step in bringing **everyday Bitcoin utility** to mainstream users.

**Bitcoin mining has achieved a major sustainability milestone**, with 52.4% of operations now powered by sustainable energy sources, according to Cambridge Bitcoin Electricity Consumption Index data. This represents a significant shift for an industry previously criticized for environmental impact. **The Bitcoin network is transforming into one of finance's cleanest grids**. - Mining operations increasingly adopt renewable energy sources - Network sustainability has improved dramatically over recent years - Previous data showed sustainable usage at 54.5% in early 2024 The development challenges common misconceptions about Bitcoin's environmental footprint and demonstrates the industry's commitment to **sustainable practices**. This trend reflects broader efforts within the cryptocurrency sector to address climate concerns while maintaining network security and decentralization.

**GoMining token integration with Travala is now live**, enabling users to book travel using $GOMINING (BSC) tokens. **Key features:** - Access to **3+ million travel products** worldwide - Book flights, hotels, and activities - Fully on-chain transactions via Travala platform - Direct token-to-travel conversion This partnership expands GoMining's utility beyond Bitcoin mining, allowing token holders to spend their earnings on real-world travel experiences. The integration represents a practical use case for the mining ecosystem's native token. [Book travel with GoMining tokens](https://www.travala.com/)

**GoMining introduces virtual card for seamless Bitcoin spending** GoMining is launching a virtual card that enables instant Bitcoin spending by converting BTC to fiat at the point of purchase. **Key features:** - Instant BTC-to-fiat conversion during transactions - Simplified everyday Bitcoin spending experience - Integration with GoMining's expanding Bitcoin ecosystem The company is evolving beyond mining into a comprehensive Bitcoin platform where users can both earn and spend cryptocurrency in one place. CPO Dan Otryvanoff outlined the upcoming features designed to make Bitcoin transactions as simple as traditional card payments.