Prosper a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).
Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community.
As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.
This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers.
In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors including a recently announced investment by Waterdrip Capital Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem.
This investment aligns with Prosper’s strategic direction and supports its new vision.
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing.
The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem.
Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing.
The company also owns seven-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.
About Prosper
Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin.
For more information, users can visit the website or follow on X.
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https://dailyhodl.com/2024/11/14/bit-mining-nyse-btcm-invests-in-prospers-native-tokens-to-support-new-focus-on-bitcoin-mining/
2024-11-14 18:55:08
