Hassan Maishera
The mining ecosystem is one of the mature sectors in the cryptocurrency space. According to Chainup, as of early 2025, there are 16 crypto mining firms listed on NASDAQ, up from six in the first quarter of 2021. The increase in the number of publicly listed crypto mining companies is a result of increased institutional interest and investment in the sector.
KuCoin, one of the leading cryptocurrency exchanges in the world, is now taking a bold step into this ecosystem, with the launch of its mining arm.
KuCoin Launches KuMining
KuCoin, a global cryptocurrency exchange, has announced the launch of KuMining as it expands its operations. In a press release shared with Cryptowisser, KuCoin explained that KuMining is a next-generation cloud mining platform, jointly launched by KuCoin and leading global mining partners.
What makes KuMining unique is that it provides retail and institutional users direct access to real, verifiable hashrate backed by top-tier facilities worldwide. Furthermore, this mining platform enables seamless settlement and enhanced rewards through KCS, KuCoin’s native coin.
KuMining Captures 10% of Dogecoin Mining Power
For starters, KuMining is focusing on the leading cryptocurrencies. KuCoin revealed that the mining platform currently offers direct access to verifiable Bitcoin (BTC) and Dogecoin (DOGE) hashrate, with merged mining for Litecoin (LTC).
KuMining also supports more than 10 EH/s in BTC hashrate and approximately 200 TH/s for DOGE/LTC, accounting for 10% of the total Dogecoin network.
The crypto mining sector is fast evolving. According to MARA, Bitcoin mining alone contributes over $4.1 billion in annual U.S. gross product. Add figures from other cryptocurrencies like Dogecoin and Litecoin, and other countries, and the impact of crypto mining would be substantial.
The mining platform has achieved this thanks to 300 MW to 2 GW of power resources across verified global sites currently backing it. It doesn’t stop there. KuCoin stated that thousands of new water-cooled machines are being added monthly as KuMining expands its operations rapidly.
KuMining will officially launch on September 16. The platform will allow users to generate consistent outputs, manage risks, and dollar-cost average into crypto assets without direct exposure to market volatility.
One of the primary benefits of KuMining is that it decentralizes hashrate away from institutional control, thanks to auditable and transparent data.
In his comment, Jolie Du, Chief Operating Officer of KuMining, stated that this new platform equalizes opportunities in cryptocurrency mining.
"Users can rent genuine hashrate from professional facilities, with daily yields automatically credited, eliminating hardware acquisition, energy management, and maintenance complexities. This low-barrier approach suits those seeking stable participation without technical resources, fostering sustainable wealth," Du added.
BC Wong, CEO of KuCoin, added that KuMining is good for crypto as it brings hashrate back to retail investors at competitive costs.
“By decentralizing mining power to real users, it builds an inclusive Web3 where assets can accumulate passively," Wong concluded.
