KuCoin is launching a new cloud mining platform, KuMining, with the goal of capturing 10% of the Dogecoin network's mining capacity. This initiative gives both retail and institutional investors the opportunity to invest in verifiable hashrate backed by significant global mining resources of up to 2 gigawatts. The platform will start with approximately 10 exahashes per second (EH/s) for Bitcoin and 200 terahashes per second (TH/s) for Dogecoin and Litecoin, making it the fourth-largest Dogecoin miner after F2Pool, ViaBTC, and AntPool. KuCoin aims to decentralize the hashrate distribution and provide users with stable participation in cryptocurrency mining without the complexities of hardware ownership. The service will enable users to rent hashrate from professional facilities, with daily yields directly credited. Starting September 16, investors can begin purchasing hashrate on this innovative platform, which also plans to enhance capacity by adding new water-cooled mining rigs monthly.

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