Prosper Revolutionizes Bitcoin Mining with Strategic Expansion

Transforming Bitcoin Mining

Prosper, a decentralized protocol, is set to revolutionize Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA). This move aims to democratize access to Bitcoin mining. The acquisition of over 7,000 ASIC miners from BITMAIN marks a significant step in enhancing Prosper's capabilities.

Strategic Partnerships and Acquisitions

With backing from Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, Prosper has secured cutting-edge ASIC miners from BITMAIN. This partnership is pivotal for Prosper's mission to provide institutional-grade reliability within its mining ecosystem. By leveraging BITMAIN’s technology, Prosper aims to expand its Bitcoin hashrate capacity, facilitating more efficient mining operations and enriching $PROS token holders.

Enhancing Bitcoin Mining Capacity

Prosper has procured 1 exahash per second (EH/s) of hashrate, with 250 petahashes per second (PH/s) already operational on its dApp. The protocol also has access to a pipeline capacity of 170 megawatts (MW), with plans to extend this to an additional 5 EH/s. Since November, over 2 BTC rewards have been distributed to $PROS holders, with more than 200 BTC available for delegation to the DAO, unlocking further opportunities.

Strengthening the Bitcoin Ecosystem

Prosper's recent strategic funding round closure underscores strong industry confidence in its vision of bridging institutional-grade Bitcoin mining power on-chain. Participation from key players like Metalpha, Waterdrip Capital, and Satoshi Protocol highlights the industry’s support for Prosper’s innovative approach to Bitcoin liquidity farming.

Future Growth and Development

Prosper's unique tokenomics ensures that the hashrate-per-token will be accretive to $PROS holders. The DAO's treasury Bitcoin can be directed towards total value locked (TVL) opportunities with partners, generating benefits for $PROS holders. The protocol's growth in DAO treasury value and $PROS adoption will allow for further expansion of its underlying hashrate, reinforcing its resilience.

By combining institutional-grade Bitcoin mining hashrate with a decentralized protocol design, Prosper is poised to become the leading decentralized Bitcoin mining protocol. For further information, visit prosper-fi.com or follow Prosper on social media platforms.