Prosper is a decentralized protocol that democratizes Bitcoin mining by tokenizing institutional-grade Bitcoin computing power in the form of real-world assets (RWA). Today, Prosper announced the purchase of over 7,000 ASIC mining machines from Bitmain (BITMAIN) and successfully completed its strategic financing.
With the support of well-known institutions such as Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, Prosper has acquired brand new ASIC mining machines from Bitmain, providing institutional-grade execution quality for its protocol.
Prosper aims to expand its underlying Bitcoin computing power capacity to accelerate the flywheel of computing power and Bitcoin treasury operations owned by the DAO, while democratizing access to institutional-grade mining.
Following Prosper's announcement of a long-term cooperation and hosting service agreement with mining machine manufacturer Bitmain, this milestone purchase marks an important step towards Prosper's mission. By adopting Bitmain's cutting-edge products, Prosper provides greater value to PROS token holders while solidifying its position as a leading Web3 Bitcoin mining protocol.
Milton Lam, a member of Prosper's advisory board, stated: "Bitcoin has achieved comprehensive democratization of the economic system through blockchain technology, bringing about a fundamental transformation in the financial sector. Prosper continues the core philosophy of Bitcoin by democratizing Bitcoin computing power through blockchain technology. This community governance and ownership provided by blockchain ensures that while Prosper expands its computing power and treasury operations, Bitcoin mining remains sufficiently decentralized to maintain its status as a global digital reserve currency."
Latest Updates from Prosper
Achieved 1 EH/s of computing power and is ready for full launch (of which 250 PH/s has been launched on Prosper's dApp).
170 MW of pipeline capacity is in place, with a mid-term goal of adding 5 EH/s.
Since November, over 2 Bitcoin rewards have been distributed to $PROS holders.
Over 200 Bitcoin have been allocated to the DAO by partners, unlocking TVL opportunities for PROS token holders.
Strategic Financing: Supporting the Bitcoin Ecosystem
In addition to its collaboration with Bitmain, Prosper also announced the completion of its strategic financing, 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 publicly expressed plans to purchase PROS tokens through the secondary market.
These investments demonstrate confidence in Prosper's vision of building institutional-grade Bitcoin mining capabilities on-chain, pioneering an innovative model for Bitcoin liquidity mining by bringing institutional-grade Bitcoin mining capabilities on-chain. The participation of strategic partners brings critical industry experience and network support to Prosper's operations and expansion.
Development Vision: Driving Prosper's Growth
Prosper's tokenomics features a unique design that ensures the continuous increase of computing power for each token, thereby providing long-term benefits for PROS token holders.
The DAO adopts a unique "flywheel model" that integrates computing power with Bitcoin treasury operations, all governed and benefited by PROS token holders.
Institutional-grade computing power continuously mines Bitcoin, with part of the rewards distributed to active PROS token holders, while the remainder is used for the DAO treasury.
The DAO's Bitcoin treasury can collaborate with ecosystem partners (such as Bitcoin L2) to enhance TVL, generating more value for PROS token holders and the DAO.
As the value of the DAO treasury and the adoption rate of PROS tokens grow, the protocol can further expand its underlying computing power and enhance its risk resistance.
With institutional-grade Bitcoin computing power, excellent decentralized protocol design, and a broad network of strategic partners, Prosper is steadily advancing on the path to becoming a well-known decentralized Bitcoin mining protocol.
About Prosper
Prosper is a decentralized protocol aimed at a community that truly believes in Bitcoin, providing comprehensive participation in Bitcoin computing power and Bitcoin. By tokenizing institutional-grade Bitcoin computing power into RWA, Prosper is committed to fully unleashing the potential of Bitcoin. For more information, please visit prosper-fi.com or follow X.
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