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

Dubai, United Arab Emirates, December 13th, 2024, Chainwire Prosper, a decentralized protocol democratizing access to Bitcoin mining by tokenizing

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

Institutions and retail investors alike are invited to participate in Prosper's decentralized protocol, which tokenizes institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA) to democratize access to Bitcoin mining. Today, Prosper announced the acquisition of over 7,000 ASIC miners from BITMAIN and the successful closing of its strategic funding round.

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

"Bitcoin brought about a fundamental shift in finance by democratizing an economic system in its entirety with blockchain technology. Prosper follows the footsteps of Bitcoin's core ethos by democratizing access to Bitcoin hashrate, the underlying layer powering Bitcoin—through blockchain technology. This layer of community governance and ownership afforded by blockchain allows Prosper to scale its flywheel of both Bitcoin hashrate and treasury operations while simultaneously helping to ensure that the Bitcoin mining layer is sufficiently decentralized to maintain Bitcoin's status as the most recognized digital reserve currency,” said Milton Lam, Prosper Advisory Council Member.

Prosper's Latest Development

In addition to its BITMAIN partnership, Prosper announced the closure of its strategic funding round, which saw participation from prominent industry players and financial investors. Earlier in October, Animoca Brands also disclosed its intention to purchase $PROS tokens from the open market. These investments demonstrate 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.

By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol design backed by strong fundamentals, and an extensive network of strategic partners, Prosper is well-positioned 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 by tokenizing institutional-grade Bitcoin hashrate as omnichain RWA to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter).

Contact

Prospercontact@prosper-fi.com