Cayman Islands, Cayman Islands, November 14, 2024, Chainwire
Prosper, a decentralized protocol connecting institutional-level mining energy on-chain and aiming to unlock the potential of Bitcoin via liquidity farming, in the present day introduced a brand new funding in its native PROS token venture by one of many main cryptocurrency mining corporations BIT Restricted (NYSE: BTCM).
Prosper's new strategic give attention to Bitcoin mining and the broader Bitcoin ecosystem has been effectively obtained by the neighborhood. As a part of this strategic shift, Prosper is partnering with main business gamers to obtain numerous companies and merchandise to supply institutional-grade execution within the administration of its mining hashrate.
This funding by BIT Mining represents one other vital validation of Prosper's thesis by institutional donors. Along with the rising record of main business companions and complicated monetary traders (together with a not too long ago introduced funding by Waterdrip Capital), Prosper's worth proposition additionally resonates with cryptocurrency mining corporations that convey in depth expertise in mining operations and a stable understanding of the ecosystem. . This funding aligns with Prosper's strategic route 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 companies in cryptocurrency mining, information middle operations and mining machine manufacturing. The corporate strategically creates long-term worth throughout the business via its cryptocurrency ecosystem. Backed by its cost-effective information facilities that strengthen its profitability with secure money stream, the corporate additionally conducts self-mining operations that enhance the resilience of its market by leveraging self-developed and bought mining machines for s 'seamlessly adapt to the dynamic pricing of cryptocurrencies. The corporate additionally owns 7-nanometer BTC chips and has robust capabilities in creating LTC/DOGE and ETC miners.
About Thrive
Prosper is a decentralized protocol for a neighborhood that really believes in Bitcoin, offering full publicity to the Bitcoin hashrate and Bitcoin by connecting institutional-level Bitcoin mining energy on-chain, and goals to totally unlock the potential of Bitcoin. For extra data, customers can go to prosper-fi.com or observe on X (previously Twitter).
ContactProspercontact@prosper-fi.com
This text was initially printed on Chainwire
