December 13, 2024
Prosper, a decentralized protocol focused on increasing access to Bitcoin mining, has announced the acquisition of over 7,000 ASIC miners from BITMAIN. This purchase is complemented by the closure of its strategic funding round, which saw participation from several notable investors, including Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands. The addition of these miners is expected to significantly boost Prosper’s ability to provide institutional-grade Bitcoin hashrate to its decentralized community.
The protocol’s goal is to democratize Bitcoin mining by tokenizing Bitcoin hashrate as omnichain real-world assets (RWAs). With 1 EH/s of hashrate now secured and 250 PH/s already operational on Prosper’s decentralized application (dApp), the platform is working to further scale its mining capacity. The company has also secured access to 170 MW of pipeline capacity, with plans to add an additional 5 EH/s. Prosper’s tokenomics model is designed to ensure that increased mining capacity benefits $PROS token holders, offering greater exposure to Bitcoin mining rewards while enhancing the protocol's overall stability.
As part of its strategic initiative, Prosper’s funding round attracted strong support from key industry players. The participation of BIT Mining and Animoca Brands, along with other investors, highlights the growing interest in Prosper’s vision to integrate institutional-grade mining power with decentralized governance. These strategic partnerships are set to provide Prosper with the resources and expertise needed to scale its operations and further develop its Bitcoin mining ecosystem.
About Prosper
Prosper is a decentralized protocol that aims to make Bitcoin mining more accessible by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWAs). The platform facilitates community exposure to Bitcoin through a decentralized mining ecosystem, with a focus on scalability and decentralization.
Website: https://www.prosper-fi.com/
X: @prosperfi_xyz
About Investor
Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands
Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands are among the investors supporting Prosper’s strategic funding round. These firms bring significant industry experience to Prosper, aligning with the platform’s goal of democratizing access to institutional-grade Bitcoin mining.
Metalpha Location: Hong Kong
Website: https://www.metalpha.net/
Waterdrip Capital
Location: Shanghai, China
Website: https://waterdrip.io/
BIT Mining
Location: USA
Website: https://btcm.group/
Animoca Brands
Location: Hong Kong Website: https://www.animocabrands.com/
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