[PRESS RELEASE – Cayman Islands, Cayman Islands, November 14th, 2024]
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining energy on-chain and aiming to unlock the potential of Bitcoin by means of liquidity farming, in the present day introduced a brand new funding in its native challenge token PROS by one of many main cryptocurrency mining corporations BIT Mining Restricted (NYSE: BTCM).
Prosper’s new strategic concentrate on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the group. As a part of this strategic change, Prosper companions with distinguished business gamers to acquire numerous companies and merchandise to ship institutional-grade execution in managing its mining hashrate.
This funding from BIT Mining represents one other important validation of Prosper’s thesis by institutional backers. Along with Prosper’s rising roster of top-tier business companions and complex monetary buyers (together with a lately introduced funding by Waterdrip Capital), Prosper’s worth proposition additionally resonates with cryptocurrency mining corporations that deliver intensive expertise in mining operations and a powerful understanding of the ecosystem. This funding aligns with Prosper’s strategic path and helps its new imaginative and prescient.
About BIT Mining Restricted
BIT Mining (NYSE: BTCM) is a number one technology-driven cryptocurrency mining firm with operations in cryptocurrency mining, information heart operation, and mining machine manufacturing. The corporate is strategically creating long-term worth throughout the business with its cryptocurrency ecosystem. Anchored by its cost-efficient information facilities that strengthen its profitability with regular money movement, the corporate additionally conducts self-mining operations that improve its market resilience by leveraging self-developed and bought mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The corporate additionally owns 7-nanometer BTC chips and has sturdy capabilities within the growth of LTC/DOGE miners and ETC miners.
About Prosper
Prosper is a decentralized protocol for a group that really believes in Bitcoin, offering full publicity throughout Bitcoin hashrate and Bitcoin by means of bridging institutional-grade Bitcoin mining energy on-chain, and goals to unlock the potential of Bitcoin totally. For extra data, customers can go to prosper-fi.com or observe on X (previously Twitter).
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