Major Exchange KuCoin Enters Dogecoin Mining With New Platform Launch

KuCoin cryptocurrency exchange launched a new cloud mining platform targeting 10% of the Dogecoin network's total mining capacity. According to Cointelegraph, KuMining went live on September 16 with 200 terahashes per second for Dogecoin and Litecoin merged mining.

The platform begins operations with approximately 10 exahashes per second for Bitcoin mining and 200 TH/s for DOGE/LTC mining. KuCoin operates the ninth-largest cryptocurrency exchange globally with $1.6 billion in daily spot trading volume. The company aims to capture mining capacity equivalent to the fourth-largest Dogecoin mining entity.

KuMining offers retail and institutional investors access to mining facilities with 300 megawatts to 2 gigawatts of power resources. The platform provides verifiable hashrate backed by global mining operations. Users can rent genuine hashrate from professional facilities with daily yields automatically credited.

Platform Enters Competitive Dogecoin Mining Landscape

The launch positions KuCoin among major Dogecoin mining operations in a concentrated market. CoinWarz reports the current Dogecoin network hashrate at 3.47 petahashes per second. F2Pool currently leads with 910 TH/s representing over 33% of known network hashrate.

ViaBTC and AntPool follow as the second and third largest Dogecoin miners respectively. KuCoin's targeted 200 TH/s would place KuMining as the fourth-largest mining operation. The platform adds new water-cooled mining rigs monthly to expand mining capacity for users.

Dogecoin mining has attracted renewed attention in 2025 as the network maintains stable operations. We previously covered how Bay Miner launched its global cloud mining platform offering users across 180+ countries access to Bitcoin, XRP, and cryptocurrency mining through mobile applications. The trend toward accessible cloud mining platforms continues as retail investors seek cryptocurrency exposure without hardware management.

Cloud Mining Growth Raises Industry Decentralization Concerns

The expansion of cloud mining platforms reflects broader industry trends toward centralized mining operations. CoinGeek analysis shows cloud mining platforms like Zaminer, HashFly, and PAIRMiner gained popularity in 2025 driven by bullish crypto markets and pro-crypto policies.

However, centralization risks accompany cloud mining growth. Large mining pools already control significant network hashrate percentages across major cryptocurrencies. Coin Bureau reports Foundry USA Pool controls approximately 30% of total Bitcoin network hashrate, raising centralization concerns.

Cloud mining contracts typically yield 5% to 10% annual percentage rates but carry platform risks and limited transparency. CoinLaw data shows individual users increased cloud mining subscriptions by 21% in 2025, with U.S. hobbyist miners growing 14% year-over-year. The trend toward cloud-based mining solutions continues despite warnings about scams, high fees, and centralization risks that contradict cryptocurrency's decentralized principles.

Traditional financial institutions increasingly explore cloud mining for cryptocurrency exposure alongside decentralized finance and exchange-traded fund holdings. Regulatory frameworks in 2025 encourage business adoption of cryptocurrency services, though oversight remains limited for most cloud mining operations.