Cayman Islands, Cayman Islands, November 14th,
2024, Chainwire
Prosper, a decentralized protocol bridging
institutional-grade Bitcoin mining power on-chain and aiming to
unlock the potential of Bitcoin through liquidity farming, today
announced a new investment in its native project token PROS by one
of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).
Prosper's new strategic focus on Bitcoin mining and the broader
Bitcoin ecosystem has been well-received by the community. As part
of this strategic change, Prosper partners with prominent industry
players to obtain various services and products to deliver
institutional-grade execution in managing its mining hashrate.
This investment from BIT Mining represents another significant
validation of Prosper’s thesis by institutional backers. In
addition to Prosper's growing roster of top-tier industry partners
and sophisticated financial investors (including a recently
announced investment by Waterdrip Capital),
Prosper’s value proposition also resonates with cryptocurrency
mining companies that bring extensive experience in mining
operations and a strong understanding of the ecosystem. This
investment aligns with Prosper’s strategic direction and supports
its new vision.
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading
technology-driven cryptocurrency mining company with operations in
cryptocurrency mining, data center operation, and mining machine
manufacturing. The company is strategically creating long-term
value across the industry with its cryptocurrency ecosystem.
Anchored by its cost-efficient data centers that strengthen its
profitability with steady cash flow, the company also conducts
self-mining operations that enhance its marketplace resilience by
leveraging self-developed and purchased mining machines to
seamlessly adapt to dynamic cryptocurrency pricing. The company
also owns 7-nanometer BTC chips and has strong capabilities in the
development of LTC/DOGE miners and ETC miners.
About Prosper
Prosper is a decentralized protocol for a
community that truly believes in Bitcoin, providing full exposure
across Bitcoin hashrate and Bitcoin through bridging
institutional-grade Bitcoin mining power on-chain, and aims to
fully unlock the potential of Bitcoin. For more information, users
can visit prosper-fi.com or follow on
X (formerly Twitter).
Contact
Prosper
contact@prosper-fi.com