Prosper, a decentralized protocol, announced the acquisition of over 7,000 ASIC miners from BITMAIN and the closure of a strategic funding round.
Prosper’s Latest Development
Prosper has successfully procured 1 EH/s of hashrate, ready to be fully operational, with 250 PH/s already live on Prosper’s decentralized platform. Access to 170 MW pipeline capacity aims for an additional 5 EH/s. Over 2 BTC have been rewarded to $PROS holders since November. More than 200 BTC will be delegated by launch partners to unlock TVL opportunities for $PROS holders.
Strategic Round Closure: Strengthening the Bitcoin Ecosystem
In addition to its BITMAIN partnership, Prosper announced the closure of its strategic funding round, including participants from prominent industry and financial investors such as Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. Animoca Brands had previously disclosed its intention to purchase $PROS tokens from the open market. These investments underline confidence in Prosper’s innovative approach to bridging institutional-grade Bitcoin mining power on-chain and addressing Bitcoin liquidity.
Positioning Prosper for Growth
Prosper’s tokenomics ensure that hashrate-per-token will only increase, benefiting $PROS holders. Prosper’s DAO leverages a unique model combining hashrate and Bitcoin treasury operations for the benefit of $PROS holders. Institutional-grade hashrate continuously generates Bitcoin, rewarding holders for active participation, with the remaining going to the DAO treasury. The treasury's Bitcoin can be directed to TVL opportunities, bringing benefits to both token holders and the DAO.
Prosper positions itself as the leading decentralized Bitcoin mining protocol by combining institutional-grade hashrate, decentralized protocol design, and a strategic partner network.
