Prosper Procures New ASIC Miners from BITMAIN to Bring Institutional-Grade Execution Quality to Its Protocol

Backed by Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands, and more, Prosper has procured the new ASIC miners from BITMAIN to bring institutional-grade execution quality to its protocol.

Backed by Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands, and more, Prosper has acquired the latest ASIC miners from BITMAIN to integrate institutional-grade execution quality into its protocol. Ultimately, Prosper aims to increase its underlying Bitcoin hashrate capacity to propel the flywheel of DAO-owned hashrate and Bitcoin treasury operations and democratize access to institutional-grade mining.

Following the announcement of Prosper’s long-term partnership and hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers, this key purchase marks a significant step in Prosper’s mission to provide institutional-grade reliability to its mining ecosystem. By utilizing BITMAIN’s state-of-the-art 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

Strategic Round Closure: Bolstering the Bitcoin Ecosystem

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, including Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. Earlier in October, Animoca Brands also disclosed 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 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 and aiming to fully unlock the potential of Bitcoin. To learn more, visit prosper-fi.com or follow on X (formerly Twitter).

Contact

Prosper [email protected]