BITMAIN and Prosper Enter into Strategic Partnership to Enhance Bitcoin Mining Execution Quality

Prosper, a decentralized protocol bridging institutional-grade. Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosper's

George Town, Cayman Islands, November 15th, 2024, Chainwire

Decentralized protocol bridging institutional-grade Bitcoin mining power on-chain, Prosper, today announced an agreement with BITMAIN, the world’s leading digital currency mining server manufacturer, to provide hosting services for its foundation-owned Bitcoin miners. This collaboration brings high-quality operational standards for $PROS token holders throughout November, with the first batch of hashrate coming online via Antpool's mining pool platform and accessible through Prosper’s v1 web app.

Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlocking Bitcoin's potential in liquidity farming. This agreement with BITMAIN to enhance execution quality for its miners and $PROS token holders also highlights Prosper's value proposition as the only Web3 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.

“We are excited to work with BITMAIN, a company that shares our vision for the future of Bitcoin mining and is committed to providing the best possible experience for our users,” said Prosper. “This agreement is a major step forward in our goal to make Bitcoin mining more accessible and efficient for everyone.”

Founded in 2013, BITMAIN is renowned for its ANTMINER brand, which has maintained a leading global market share and technological advancement in digital currency mining servers. With a presence in over 100 countries and regions, the company's R&D center is based in Singapore, and it operates branches and subsidiaries worldwide, including but not limited to Hong Kong, the United States, Malaysia, and the United Arab Emirates.

“We are pleased to support Prosper in their mission to bring institutional-grade Bitcoin mining to the masses,” said BITMAIN. “We believe that their protocol has the potential to revolutionize the way that people mine Bitcoin, and we are excited to be a part of it.”

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming. For more information, users can visit prosper-fi.com or follow us on X (formerly Twitter).

Contact Prosper [email protected]