Prosper Acquires 7,000 ASIC Miners from BITMAIN and Secures Strategic Funding to Democratize Bitcoin Mining
ChainwireProsper, a decentralized protocol that tokenizes institutional-grade Bitcoin hashrate as real-world assets, has acquired over 7,000 ASIC miners from BITMAIN and closed a strategic funding round. The acquisition is aimed at expanding the underlying Bitcoin hashrate capacity and democratizing access to institutional-grade mining. Prosper's unique tokenomics design ensures that hashrate-per-token will only increase and be accretive to $PROS holders, while its DAO leverages a flywheel model with both hashrate and Bitcoin treasury operations. The involvement of strategic partners such as Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands demonstrates strong confidence in Prosper's vision of bridging institutional-grade Bitcoin mining power on-chain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Institutions are looking for ‘1000x’ opportunities in crypto: Coinbase
Coinbase Institutional’s David Duong looked at how crypto performed in January and explains where crypto’s growing
Bitwise CIO says Bitcoin’s four-year cycle may be broken by Trump’s new crypto executive order
Sei Foundation launches $65 million DeSci venture fund 'Sapien Capital'
Sei Foundation has launched Sapien Capital, a $65 million venture fund to back DeSci startups building on its Layer 1 Sei blockchain.The foundation has fully committed the $65 million, with no external capital involved, Justin Barlow told The Block.
The Daily: Trump Media approves Truth.Fi launch and crypto investments, Robinhood teases bitcoin futures trading and more
Trump Media & Technology Group has launched a fintech venture called Truth.Fi, aiming to invest up to $250 million in bitcoin, similar cryptocurrencies or crypto-related securities, ETFs and other financial assets.Popular retail platform Robinhood teased the launch of bitcoin, ether, oil and gold futures trading on Wednesday alongside S&P 500, USD and EUR futures, facilitated by the CME Group.