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Prosper Acquires 7,000 ASIC Miners from BITMAIN and Secures Strategic Funding to Democratize Bitcoin Mining
In a groundbreaking move, Prosper, the decentralized protocol democratizing access to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA), has announced its acquisition of over 7,000 ASIC miners from BITMAIN. This significant milestone follows the successful closure of its strategic funding round, attracting participation from prominent industry players and financial investors.
As part of this partnership with BITMAIN, Prosper aims to bring institutional-grade execution quality to its protocol. The new ASIC miner fleet will enable the protocol to expand its underlying Bitcoin hashrate capacity, accelerating the flywheel model of both hashrate and Bitcoin treasury operations. This development is expected to further strengthen Prosper’s position as a leading decentralized Bitcoin mining protocol.
By acquiring these 7,000 ASIC miners, Prosper is well-positioned to solidify its status as the flagship decentralized Bitcoin mining protocol. The newly acquired assets will enhance the protocol’s resilience and scalability, ultimately benefiting $PROS holders. This acquisition also demonstrates BITMAIN’s commitment to advancing the decentralized finance (DeFi) ecosystem.
In addition to this strategic partnership, Prosper has secured a substantial amount of funding from prominent industry players and financial investors. These investments demonstrate the strong confidence in Prosper’s innovative approach to Bitcoin liquidity farming and its vision of bridging institutional-grade Bitcoin mining power on-chain.
As part of this strategic round, Prosper has attracted significant support from notable stakeholders. Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol have all participated in the funding process, bringing crucial industry expertise and networks to support Prosper’s operations as it scales.
This acquisition and strategic funding will ultimately enable Prosper to expand its decentralized mining capabilities, providing a unique opportunity for community members to participate in this space. The protocol’s tokenomics design ensures that hashrate-per-token will only increase and be accretive to $PROS holders, further solidifying the value of the token.
Prosper’s innovative approach and commitment to democratizing Bitcoin mining have garnered significant attention within the DeFi ecosystem. With this acquisition and funding in place, it is expected that Prosper will take its rightful position as a key player in shaping the future of decentralized finance.
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Source: cryptopotato.com
