Cayman Islands, Cayman Islands, November 14th, 2024, Chainwire
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining energy on-chain and aiming to unlock the potential of Bitcoin by liquidity farming, immediately introduced a brand new funding in its native mission token PROS by one of many main cryptocurrency mining firms BIT Mining Restricted (NYSE: BTCM).
Prosper’s new strategic deal with Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the group. As a part of this strategic change, Prosper companions with outstanding trade gamers to acquire numerous providers 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 trade companions and complex monetary buyers (together with a lately introduced funding by Waterdrip Capital), Prosper’s worth proposition additionally resonates with cryptocurrency mining firms that convey in depth 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 middle operation, and mining machine manufacturing. The corporate is strategically creating long-term worth throughout the trade with its cryptocurrency ecosystem. Anchored by its cost-efficient information facilities that strengthen its profitability with regular money move, 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 bridging institutional-grade Bitcoin mining energy on-chain, and goals to completely unlock the potential of Bitcoin. For extra data, customers can go to prosper-fi.com or observe on X (previously Twitter).
Disclaimer: It is a sponsored press launch and is for informational functions solely. It doesn’t mirror the views of Crypto Every day, neither is it meant for use as authorized, tax, funding, or monetary recommendation.