🚀 Crypto Prosper Announces Acquisition of 7,000 ASIC Miners from BITMAIN and Successful Closing of Strategic Funding Round

[Undefeated_Lamba]

Prosper, a decentralized protocol revolutionizing access to Bitcoin mining has taken a significant step by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA). Today, it proudly announced the acquisition of over 7,000 ASIC miners from BITMAIN, alongside the successful closure of its strategic funding round.

• Backed by Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands, and more, Prosper has procured new ASIC miners from BITMAIN to bring institutional-grade execution quality to its protocol.
• Prosper aims to expand its underlying Bitcoin hashrate capacity to accelerate the flywheel of DAO-owned hashrate and Bitcoin treasury operations & democratize access to institutional-grade mining.

In a significant move for the crypto space, Prosper has unveiled a long-term partnership and hosting service agreement with BITMAIN, the premier manufacturer of digital currency mining servers. This strategic acquisition is a pivotal milestone in Prosper’s quest to deliver institutional-grade reliability within its mining ecosystem. Through utilizing BITMAIN’s state-of-the-art offerings, Prosper amplifies the value provided to its $PROS token holders, setting itself apart as the leading Web3 Bitcoin mining protocol supported by top-tier industry stakeholders.

“Bitcoin brought about a fundamental shift in finance by democratizing an economic system in its entirety with blockchain technology. Prosper follows the footsteps of Bitcoin’s core ethos by democratizing access to Bitcoin hashrate, the underlying layer powering Bitcoin-through blockchain technology. This layer of community governance and ownership afforded by blockchain allows Prosper to scale its flywheel of both Bitcoin hashrate and treasury operations while simultaneously helping to ensure that Bitcoin mining layer is sufficiently decentralized to maintain Bitcoin’s status as the most recognized digital reserve currency.” said Milton Lam, Prosper Advisory Council Member.

Prosper’s Latest Development

• 1 EH/s of hashrate procured and ready to go live fully (with 250 PH/s live on Prosper’s dApp already).
• Access to pipeline capacity of 170MW with the mid-term goal of adding another 5 EH/s.
• More than 2 BTC rewards have been given out to $PROS holders since November.
• Access to more than 200 BTC to be delegated by launch partners to the DAO to unlock TVL opportunities for $PROS holders.

Strategic Round Closure: Fortifying the Bitcoin Ecosystem

Alongside its collaboration with BITMAIN, Prosper has revealed the successful completion of its strategic funding round, attracting interest from key industry stakeholders and financial backers such as Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. In early October, Animoca Brands revealed its plan to acquire $PROS tokens directly from the open market.

These investments highlight the robust belief in Prosper’s mission to connect institutional-grade Bitcoin mining capabilities on-chain with its cutting-edge strategy for Bitcoin liquidity farming. The engagement of these strategic partners injects essential industry knowledge and connections, bolstering Prosper’s operations as it expands.

Positioning Prosper for Growth

• Prosper’s tokenomics adopts a unique design to ensure hashrate-per-token will only increase and be accretive to $PROS holders.
• Prosper’s DAO leverages a unique flywheel model with both hashrate and Bitcoin treasury operations – all governed by and for the benefit of $PROS holders.
• Institutional-grade hashrate generates Bitcoin on an ongoing basis, part of which is rewarded to holders for their active participation, and the remaining goes to the DAO treasury.
• DAO’s treasury Bitcoin can be directed towards TVL opportunities with ecosystem partners such as Bitcoin L2 to generate benefits for $PROS holders and the DAO.
• Growth in DAO treasury value and $PROS adoption allows the protocol to expand underlying hashrate further and enhance protocol resilience.

With a robust institutional-grade Bitcoin mining hashrate, a decentralized protocol architecture grounded in solid fundamentals, and a wide-ranging network of strategic alliances, Prosper is strategically poised to establish itself as the leading decentralized Bitcoin mining protocol.