Prosper Acquires 7,000 ASIC Miners from BITMAIN and Secures Strategic Funding to Democratize Bitcoin Mining

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Cointime2024/12/13 15:00

By:Cointime

ChainwireProsper, a decentralized protocol that tokenizes institutional-grade Bitcoin hashrate as real-world assets, has acquired over 7,000 ASIC miners from BITMAIN and closed a strategic funding round. The acquisition is aimed at expanding the underlying Bitcoin hashrate capacity and democratizing access to institutional-grade mining. Prosper's unique tokenomics design ensures that hashrate-per-token will only increase and be accretive to $PROS holders, while its DAO leverages a flywheel model with both hashrate and Bitcoin treasury operations. The involvement of strategic partners such as Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands demonstrates strong confidence in Prosper's vision of bridging institutional-grade Bitcoin mining power on-chain.

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