Prosper secures 7,000 ASIC miners from BITMAIN to dominate Bitcoin mining
- Prosper has acquired over 7,000 ASIC miners from BITMAIN to boost its Bitcoin mining operations.
- The acquisition is part of a broader strategic funding round that has garnered support from key industry players.
- This initiative aims to enhance institutional-grade access to Bitcoin mining, reinforcing Prosper's vision of democratization.
In Dubai, United Arab Emirates, on December 13, 2024, Prosper announced a significant acquisition and strategic funding efforts aimed at revolutionizing Bitcoin mining accessibility. The decentralized protocol, known for its innovative approach to democratizing access to Bitcoin hashrate through tokenization as omnichain real-world assets, has procured over 7,000 ASIC miners from the well-known manufacturer BITMAIN. This acquisition will bolster the institutional-grade execution quality of Prosper's operations. Alongside the acquisition, Prosper completed a strategic funding round that attracted investment from notable players such as Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands. The funding and partnerships are critical for Prosper as it looks to expand its underlying Bitcoin hashrate capacity and reinforce its position within the Bitcoin mining ecosystem. The success of this initiative demonstrates a strong belief and confidence in Prosper's vision of linking institutional-grade Bitcoin mining power with on-chain activity. Prosper's operational model centers on community governance and ownership through its DAO (Decentralized Autonomous Organization). The unique flywheel model promotes continuous growth of Bitcoin hashrate and treasury operations, which directly benefits $PROS token holders. Due to this innovative governance approach, both the community and the protocol can thrive as they navigate the complexities of Bitcoin mining. Milton Lam, a member of Prosper's Advisory Council, articulated the organization’s commitment to inherit Bitcoin’s core ethos of democratization through blockchain technology. This acquisition is a pivotal step toward enhancing the overall reliability and decentralization of Bitcoin mining, reinforcing its status as the most recognized digital reserve currency. As the project progresses, Prosper aims to add another 5 EH/s of hashrate capacity and capitalize on its partnerships to drive future innovations in Bitcoin mining methodologies.