Prosper Acquires 7,000 ASIC Miners from BITMAIN and Closes Strategic Funding Round to Democratize Access to Bitcoin Mining

Dubai, United Arab Emirates, 13th December, 2024, Chainwire

Decentralized protocol Prosper, which tokenizes institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA) and provides broad exposure across Bitcoin hashrate and Bitcoin, today announced its acquisition of over 7,000 ASIC miners from BITMAIN and the successful closing of its strategic funding round.

This landmark purchase marks an instrumental step in Prosper’s mission, following the announcement of Prosper’s long-term partnership and hosting service agreement with BITMAIN, the world’s leading digital currency mining server manufacturer. By utilizing BITMAIN’s cutting-edge products, Prosper enhances the value delivered to its $PROS token holders and further cements its position as the premier Web3 Bitcoin mining protocol, backed by leading industry players.

“Bitcoin shifted the paradigm of finance at large by bringing an economic system to the people through blockchain technology. Prosper builds on Bitcoin’s core ethos by democratizing access to Bitcoin hashrate, the layer that powers Bitcoin, through blockchain technology. This layer of community governance and ownership that blockchain provides allows Prosper to scale its flywheel of both Bitcoin hashrate and treasury operations, while also helping to ensure that the Bitcoin mining layer is decentralized to maintain Bitcoin as the world’s digital reserve currency.” said Milton Lam, Prosper Advisory Council Member.

Latest from Prosper

Strategic Round Closure: Bolstering the Bitcoin Ecosystem

In addition to its BITMAIN partnership, Prosper closed its strategic funding round, which saw participation from prominent industry players and financial investors, such as Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. Earlier in October, Animoca Brands also announced its intention to purchase $PROS tokens from the open market.

These investments highlight the strong confidence in Prosper’s vision of bridging institutional-grade Bitcoin mining power on-chain and its innovative approach to Bitcoin liquidity farming. The involvement of these strategic partners brings crucial industry expertise and networks to support Prosper’s operations as it scales.

Positioning Prosper for Growth

By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol design backed by strong fundamentals, and an expansive network of strategic partners, Prosper is set to solidify its status as the flagship decentralized Bitcoin mining protocol.

About Prosper

Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin and tokenizing institutional-grade Bitcoin hashrate as omnichain RWA, aiming to fully unlock the potential of Bitcoin. To learn more, visit prosper-fi.com or follow on X (formerly Twitter).

Contact

Prospercontact@prosper-fi.com