‘Miner Wars Is Not Play-To-Earn, It’s Play-The-Hashrate,’ Says GoMining’s Jeremy Dreier
As institutional interest in Bitcoin mining continues to surge, GoMining stands out with its deep-rooted ecosystem, robust infrastructure, and innovative approach to bridging the retail-institutional divide. At the forefront of this evolution is Jeremy Dreier, Managing Director of GoMining Institutional and Chief Business Development Officer (CBDO) at GoMining.
With over 3.5 million users and 350+ megawatts of mining power under management, GoMining has steadily grown into a powerhouse in the crypto mining space. Now, with the launch of a $100 million Bitcoin mining fund tailored for institutional investors, the company is making headlines again—this time with an eye on strategic capital deployment, efficiency, and scale.
In this exclusive conversation with Benzinga, Jeremy Dreier—whose career spans technology, capital markets, and blockchain—unpacks GoMining’s institutional strategy, the dynamics behind their mining innovation Miner Wars, and what the future holds for Bitcoin mining in the U.S. and globally. Excerpt from the interaction.
What’s the goal of GoMining’s new $100M Bitcoin mining fund, and how’s the response so far?
GoMining Institutional created the Alpha Blocks Fund to give institutions the simplest possible path to genuine, yield-generating Bitcoin exposure. Instead of buying equity in a public miner or a passive spot ETF, allocators get pro-rata ownership of live hashrate that we actively compound: every satoshi the fleet earns is redeployed into newer, more efficient data centers, so the underlying BTC stream grows block after block.
The vehicle is fully custodied by BitGo and is powered by the infrastructure with a total hashrate of 7.8+ million TH/s. Since our April launch, we’ve secured early soft commitments from institutional investors and are now preparing to onboard initial LPs. Capital deployment into next-generation data centers is set to begin shortly, laying the groundwork for stable, yield-generating performance from day one.
How is institutional capital changing the dynamics of Bitcoin mining?
A decade ago, mining rigs were whirring away in basements; today, the same activity sits on Fortune 500 balance sheets and is discussed on quarterly earnings calls. Bitcoin ETFs pried the door open, but once inside, allocators realised the real engine of value was the machinery behind the ticker, not just the ticker itself.
Those allocators arrive with infrastructure-sized expectations, they want yield that compounds, transparency they can audit, and governance frameworks their boards already understand. That has forced miners …
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