Prosper democratizes Bitcoin mining by tokenizing institutional-grade Bitcoin computing power as a real-world asset (RWA) across the entire chain.
Written by: Chainwire
Prosper is a decentralized protocol that democratizes Bitcoin mining by tokenizing institutional-grade Bitcoin computing power as a real-world asset (RWA) across the entire chain. Today, Prosper announced the acquisition of over 7,000 ASIC miners from BITMAIN and successfully completed its strategic financing round.
With support from multiple parties including Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, Prosper procured brand new ASIC miners from BITMAIN to bring institutional-grade execution quality to its protocol.
Prosper aims to expand its underlying Bitcoin computing power capacity, accelerate the flywheel effect of the computing power and Bitcoin treasury operations owned by the DAO, while achieving democratized access to institutional-grade mining.
This milestone acquisition, following the announcement of a long-term partnership and hosting service agreement with BITMAIN, is a key step for Prosper in providing institutional-grade reliability to its mining ecosystem. By leveraging BITMAIN's cutting-edge products, Prosper enhances value delivery to $PROS token holders, further establishing its position as a leading Web3 Bitcoin mining protocol, supported by top industry participants.
"Bitcoin has democratized the entire economic system through blockchain technology, bringing about a fundamental transformation in the financial sector. Prosper follows in the footsteps of Bitcoin's core philosophy, achieving the democratization of Bitcoin computing power, the underlying force, through blockchain technology. The community governance and ownership layers empowered by blockchain enable Prosper to simultaneously expand the flywheel of Bitcoin computing power and treasury operations while ensuring that the Bitcoin mining layer is sufficiently decentralized to maintain Bitcoin's status as the most recognized digital reserve currency."
— Milton Lam, Member of Prosper's Advisory Board
Latest Developments of Prosper
Acquired 1 EH/s of computing power and is ready for full launch (of which 250 PH/s has already gone live on Prosper's dApp).
Has a pipeline capacity of 170MW, with a mid-term goal of adding 5 EH/s.
Since November, has distributed over 2 BTC in rewards to $PROS holders.
Secured allocation rights for over 200 BTC, entrusted to the DAO by partners, to unlock TVL opportunities for $PROS holders.
Strategic Financing Round: Strengthening the Bitcoin Ecosystem
In addition to its collaboration with BITMAIN, Prosper announced the completion of its strategic financing round, which attracted participation from well-known industry players and financial investors, including Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. In October of this year, Animoca Brands also revealed plans to purchase $PROS tokens from the public market.
These investments demonstrate strong confidence in Prosper's vision of bridging institutional-grade Bitcoin mining capabilities on-chain and achieving Bitcoin liquidity mining in innovative ways. The involvement of these strategic partners brings significant industry expertise and network resources to support Prosper's expansion operations.
Paving the Way for Growth
Prosper's tokenomics features a unique design that ensures the computing power of each token only increases, bringing appreciation to $PROS holders.
Prosper's DAO utilizes a unique flywheel model, combining computing power and Bitcoin treasury operations—where all governance and profits are enjoyed and decided by $PROS holders.
Institutional-grade computing power continuously generates Bitcoin, with part of the rewards allocated to actively participating holders, while the remainder goes into the DAO treasury.
The DAO's Bitcoin treasury can generate returns through TVL opportunities with ecosystem partners (such as Bitcoin L2), benefiting both $PROS holders and the DAO.
The growth in the value of the DAO treasury and the adoption of $PROS enables the protocol to further expand its underlying computing power and enhance the resilience of the protocol.
By combining institutional-grade Bitcoin mining computing power, a decentralized protocol design based on strong fundamentals, and a broad network of strategic partners, Prosper is well-positioned to solidify its status as the flagship decentralized Bitcoin mining protocol.
About Prosper
Prosper is a decentralized protocol dedicated to providing the community that truly believes in Bitcoin with comprehensive access to Bitcoin computing power and Bitcoin itself. By tokenizing institutional-grade Bitcoin computing power as a real-world asset (RWA), Prosper is committed to fully unleashing the potential of Bitcoin. For more information, please visit prosper-fi.com or follow us on X (formerly Twitter).
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