I. Core Upgrade Highlights:

1. Normalized Sales Mechanism

• Hashrate products are upgraded from limited-time flash sales to a normalized sales model, supporting 24/7 continuous supply.
• Users can independently decide participation timing and scale based on their own fund allocation and market judgement.
• VIP & KCS holders can enjoy exclusive benefits and discounts.

2. Dual Order Modes: Lite / Pro

• Lite Mode: Enter your budget amount and receive intelligent recommendations for suitable mining duration and hashrate plans — ideal for beginners.
• Pro Mode: Supports flexible mining durations from 7 to 360 days, allowing independent configuration of hashrate scale to meet professional mining needs.

3. All-New Mining Account System

• KuMining introduces a dedicated Mining Account for unified management of mining output, hashrate assets, electricity balances, your deduction status, and more.
• Seamlessly integrates trading, wealth management, and mining, forming a complete asset management closed loop.
• Supports automatic electricity fee top-ups, making asset structure more transparent and easier to manage.

4. Electricity Fee Prepayment & Installment Payment

• Electricity fees can be prepaid to the “Mining Account” after placing an order, and are automatically deducted daily based on actual consumption.
• Supports installment payments for electricity fees, reducing upfront cost pressure and enabling more flexible fund allocation.

5. Mining Output Yield Generation

• Mining output and electricity fee balances can now generate yield, helping users maximize capital efficiency.
• Cloud mining plans will be incorporated into the user asset system and may support diversified financial use cases such as collateralization and lending in the future.

II. Upgrade Scope and User Notice

1. Upgrade Scope

• The App version is now fully live.
• The upgrade for the Web version will be fully launched in mid-March.

2. Actions Required by Users

• To access all upgraded features, users must activate the Mining Account.
• Navigate to [KuMining Mining Account Guide] to learn how to activate and use it.

3. Mining Output Distribution for Ongoing Orders

• For users who have not activated their Mining Account, output will still be distributed to their Funding Account.
• For users with an activated Mining Account, output will now be distributed to their Mining Account.

4. Rules for Mining Output Freeze Due to Overdue Electricity Fees

• For orders that remain active after the upgrade but have overdue electricity fees, the activation of the Mining Account and acceptance of the new agreement will serve as the cut-off point: Before activation of the Mining Account, the original mechanism applies. After activation, the new rules apply.

III. Upgrade Operation Guide

1. If you encounter any issues during the upgrade process, please refer to [KuMining Cloud Mining FAQ] for help.
2. For more KuMining product updates and campaigns, follow KuMining’s official X account, join the KuMining official community, or email vip@kumining.com.
3. KuMining reserves the final right of interpretation of these referral rules. We may modify, adjust, or terminate any aspect of these rules at any time without prior notice due to market conditions, commercial considerations, operational strategies, technical requirements, or compliance with regulatory obligations. Your continued use of our services constitutes acceptance of the revised rules.