Decentralized protocol Prosper has recently announced the acquisition of over 7,000 ASIC miners from BITMAIN and the successful closing of a strategic funding round. These new miners will help expand Prosper’s underlying Bitcoin hashrate capacity and accelerate the flywheel of DAO-owned hashrate and Bitcoin treasury operations. The purchase comes after a long-term partnership and hosting service agreement with BITMAIN, marking a significant step in providing institutional-grade reliability to Prosper’s mining ecosystem.
The addition of new ASIC miners aims to enhance the value delivered to $PROS token holders and solidify Prosper’s position as the premier Web3 Bitcoin mining protocol. With industry backing from Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, Prosper is focused on democratizing access to institutional-grade mining and supporting Bitcoin’s role as the leading digital reserve currency. By leveraging blockchain technology, Prosper aims to scale its flywheel of Bitcoin hashrate and treasury operations while maintaining decentralization.
Prosper’s latest developments include 1 EH/s of hashrate ready to go live, with more capacity in the pipeline, and over 2 BTC rewards already distributed to $PROS holders. Additionally, access to more than 200 BTC will be delegated to the DAO to unlock Total Value Locked (TVL) opportunities for token holders. The strategic closure of the funding round with participation from industry players like Metalpha, Waterdrip Capital, and BIT Mining further strengthens Prosper’s position in the Bitcoin ecosystem.
The unique tokenomics of Prosper ensure that hashrate-per-token will increase over time, benefiting $PROS holders. The DAO’s flywheel model incorporates hashrate and Bitcoin treasury operations, with rewards distributed to holders for active participation. The DAO’s treasury Bitcoin can be directed towards TVL opportunities with ecosystem partners to generate additional benefits for $PROS holders and the DAO, driving further growth and expansion of the protocol.
By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol design, and a strong network of strategic partners, Prosper is positioned to establish itself as the flagship decentralized Bitcoin mining protocol. Through tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets, Prosper aims to provide full exposure to Bitcoin and unlock its potential for the community. More information about Prosper can be found on their website or by following them on X (formerly Twitter). With a focus on democratizing access to Bitcoin mining and supporting Bitcoin’s role as a digital reserve currency, Prosper is poised for continued growth and success in the evolving cryptocurrency landscape.
