Prosper (PROS) Partners with BITMAIN as Funding Round Fuels Growth in Bitcoin (BTC) Hashrate Tokenization
The post Prosper (PROS) Partners with BITMAIN as Funding Round Fuels Growth in Bitcoin (BTC) Hashrate Tokenization appeared on BitcoinEthereumNews.com.
Prosper (PROS) has made remarkable strides by integrating Bitcoin (BTC) hashrate into tokenized real-world assets (RWAs), shaping the landscape of crypto investments. The platform showcased a significant partnership with BITMAIN, enhancing its capabilities with a substantial addition of mining equipment. According to Milton Lam, a Prosper Advisory Council Member, this initiative embraces the core ethos of Bitcoin by democratizing access to hashrate investment. Discover how Prosper (PROS) is revolutionizing Bitcoin hashrate tokenization through strategic partnerships and innovative funding, paving the way for future growth. Prosper (PROS) scores long-term partnership with BITMAIN, adds 7,000 new ASICs In a strategic move, Prosper (PROS) has forged a partnership with BITMAIN, a leader in mining hardware production, accentuating the platform’s commitment to becoming a frontrunner in the tokenization of real-world assets. The acquisition of over 7,000 ASIC miners marks a decisive step in scaling its operational capacity, targeting a peak of 170 MW. This expansive hardware facility is designed to amplify Prosper’s ability to tokenize Bitcoin hashrate, enhancing value for PROS token holders and positioning the platform as a cornerstone of Web3 Bitcoin mining. Importance of Institutional Collaboration in Crypto The collaboration with BITMAIN highlights the essential synergy between the Bitcoin mining ecosystem and institutional investment strategies. Milton Lam articulates that “Bitcoin brought about a fundamental shift in finance by democratizing an economic system.” Prosper’s commitment to democratization aligns it closely with Bitcoin’s foundational ethos, aiming to provide institutional investors with unprecedented access to Bitcoin hashrate. This model not only encourages community governance but also strengthens Bitcoin’s decentralization paradigm. New funding round to fuel next phases of growth, Animoca Brands shows interest Prosper has wrapped up a significant funding round involving key players such as Metalpha, Waterdrip Capital, and BIT Mining, validating its long-term vision. This round of investments signals a robust endorsement of…
Filed under: News - @ December 25, 2024 8:24 am