Prosper is making waves in the world of Bitcoin mining. They recently acquired over 7,000 ASIC miners from BITMAIN. This move is all about democratizing access to Bitcoin mining.

Backed by key players like Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, Prosper is set to enhance its Bitcoin hashrate capacity. This will help speed up the growth of DAO-owned hashrate and Bitcoin treasury operations.

The partnership with BITMAIN, a top manufacturer of mining servers, is a big deal. It shows Prosper's commitment to providing reliable mining solutions. By using BITMAIN’s advanced technology, Prosper aims to boost the value for its PROS token holders. They want to stand out as a leading Web3 Bitcoin mining protocol.

Milton Lam, a member of the Prosper Advisory Council, shared some insights. He said, “Bitcoin has changed finance by creating a more open economic system through blockchain technology. Prosper is following this idea by making Bitcoin hashrate accessible to everyone. This community-driven approach helps us grow while keeping Bitcoin mining decentralized.”

Here are some of Prosper’s latest updates:

  • They’ve secured 1 EH/s of hashrate, with 250 PH/s already live on their dApp.
  • They have access to 170 MW of capacity and plan to add another 5 EH/s soon.
  • Since November, they’ve distributed over 2 BTC in rewards to PROS holders.
  • They’re also unlocking over 200 BTC from launch partners for their DAO to enhance total value locked (TVL) opportunities for PROS holders.

In addition to the BITMAIN deal, Prosper has wrapped up a strategic funding round. This round attracted significant interest from industry leaders and investors like Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. In October, Animoca Brands also announced plans to buy PROS tokens from the open market.

These investments show strong confidence in Prosper’s vision. They aim to bring institutional-grade Bitcoin mining power on-chain while innovating in Bitcoin liquidity farming. The involvement of these strategic partners adds valuable expertise and networks to support Prosper's growth.

Prosper’s tokenomics are designed for success. They ensure that the hashrate per token will keep increasing, benefiting PROS holders. The DAO uses a unique model that combines hashrate and Bitcoin treasury operations. This system is governed for the benefit of PROS holders. The institutional-grade hashrate continuously generates Bitcoin, rewarding holders and contributing to the DAO treasury. The treasury’s Bitcoin can then be used for TVL opportunities with ecosystem partners, creating more value for everyone involved.

By merging institutional-grade Bitcoin mining with a decentralized protocol backed by strong fundamentals and a network of strategic partners, Prosper is well-positioned to lead the decentralized Bitcoin mining space.

Prosper is dedicated to a community that believes in Bitcoin. They provide full exposure to Bitcoin hashrate and Bitcoin itself by tokenizing institutional-grade mining as omnichain RWA. Their goal is to unlock the full potential of Bitcoin. For more information, visit prosper-fi.com or follow them on X (formerly Twitter).