Prosper Acquires 7,000 ASIC Miners From BITMAIN, Unveils Strategic Funding Round

Prosper, a decentralized protocol revolutionizing access to Bitcoin mining has taken a significant step by tokenizing institutional-grade Bitcoin hashrate

Decentralized protocol Prosper has taken a significant step in revolutionizing access to Bitcoin mining by tokenizing institutional-grade hashrate as omnichain real-world assets (RWA). Today, it proudly announces the acquisition of over 7,000 ASIC miners from BITMAIN, alongside the successful closure of its strategic funding round.

In a significant move for the crypto space, Prosper has unveiled a long-term partnership and hosting service agreement with BITMAIN, the premier manufacturer of digital currency mining servers. This strategic acquisition is a pivotal milestone in Prosper’s quest to deliver institutional-grade reliability within its mining ecosystem. Through utilizing BITMAIN’s state-of-the-art offerings, Prosper amplifies the value provided to its $PROS token holders, setting itself apart as the leading Web3 Bitcoin mining protocol supported by top-tier industry stakeholders.

“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 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

Strategic Round Closure: Fortifying the Bitcoin Ecosystem

Together with its collaboration with BITMAIN, Prosper has revealed the successful completion of its strategic funding round, attracting interest from key industry stakeholders and financial backers such as Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. In early October, Animoca Brands also announced its plan to acquire $PROS tokens directly from the open market.

These investments highlight the robust belief in Prosper’s mission to connect institutional-grade Bitcoin mining capabilities on-chain with its cutting-edge strategy for Bitcoin liquidity faming. The engagement of these strategic partners injects essential industry knowledge and connections, bolstering Prosper’s operations as it expands.

Positioning Prosper for Growth

With a robust institutional-grade Bitcoin mining hashrate, a decentralized protocol architecture grounded in solid fundamentals, and a wide-ranging network of strategic alliances, Prosper is strategically poised to establish itself as the leading decentralized Bitcoin mining protocol.