Prosper Acquires 7,000 ASIC Miners from BITMAIN
December 13th, 2024 – Dubai, United Arab Emirates – Chainwire
Prosper, a revolutionary decentralized protocol, has made a significant stride in democratizing access to mining by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA). The latest news from Prosper includes the acquisition of over 7,000 ASIC miners from BITMAIN, a renowned name in the digital currency mining server manufacturing industry. This acquisition comes on the heels of the successful closing of Prosper’s strategic funding round.
Key Points:
- Backed by Metalpha, Waterdrip Capital, BIT, Animoca Brands, and more.
- Acquired new ASIC miners from BITMAIN to enhance institutional-grade execution quality.
- Goal to expand Bitcoin hashrate capacity for DAO-owned hashrate and treasury operations.
By partnering with BITMAIN, Prosper aims to bring institutional-grade reliability to its mining ecosystem and provide enhanced value to $PROS token holders. This move solidifies Prosper’s position as a premier Web3 Bitcoin mining protocol supported by industry leaders.
“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.” – Milton Lam, Prosper Advisory Council Member.
Prosper’s Latest Developments:
- 1 EH/s of hashrate ready to go live (with 250 PH/s already live on Prosper’s dApp).
- Access to pipeline capacity of 170MW with a mid-term goal of adding another 5 EH/s.
- Over 2 BTC rewards distributed to $PROS holders since November.
- More than 200 BTC to be delegated by launch partners to the DAO for TVL opportunities.
Strategic Round Closure and Industry Confidence:
Prosper’s strategic funding round saw participation from industry players like Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol, showcasing strong confidence in Prosper’s vision. The involvement of these strategic partners brings crucial industry expertise and networks to support Prosper’s operations as it scales.
Positioning Prosper for Growth:
- Unique tokenomics ensure hashrate-per-token increases for $PROS holders.
- DAO leverages a flywheel model for hashrate and Bitcoin treasury operations.
- Institutional-grade hashrate generates ongoing rewards for holders and the DAO treasury.
- DAO treasury Bitcoin directed towards TVL opportunities for $PROS holders.
- Growth in DAO treasury value and $PROS adoption enhances protocol resilience.
With a focus on institutional-grade Bitcoin mining hashrate, decentralized protocol design, and strategic partnerships, Prosper is poised to establish itself as the leading decentralized Bitcoin mining protocol.
About Prosper:
Prosper is a decentralized protocol that believes in the true potential of Bitcoin, offering exposure to Bitcoin hashrate and Bitcoin through tokenizing institutional-grade Bitcoin hashrate as omnichain RWA. Visit prosper-fi.com for more information.