BTCM) Invests in Prosper’s Native Tokens to Support New Focus on Bitcoin Mining

[PRESS RELEASE – Cayman Islands, Cayman Islands, November 14th, 2024]

Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining energy on-chain and aiming to unlock the potential of Bitcoin by way of liquidity farming, at present introduced a brand new funding in its native venture token PROS by one of many main cryptocurrency mining firms BIT Mining Limited (NYSE: BTCM).

Prosper’s new strategic give attention to Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the group. As a part of this strategic change, Prosper companions with distinguished business gamers to acquire varied companies and merchandise to ship institutional-grade execution in managing its mining hashrate.

This funding from BIT Mining represents one other vital validation of Prosper’s thesis by institutional backers. Along with Prosper’s rising roster of top-tier business companions and complex monetary traders (together with a just lately introduced funding by Waterdrip Capital), Prosper’s worth proposition additionally resonates with cryptocurrency mining firms that carry intensive expertise in mining operations and a powerful understanding of the ecosystem. This funding aligns with Prosper’s strategic course and helps its new imaginative and prescient.

About BIT Mining Restricted

BIT Mining (NYSE: BTCM) is a number one technology-driven cryptocurrency mining firm with operations in cryptocurrency mining, knowledge middle operation, and mining machine manufacturing. The corporate is strategically creating long-term worth throughout the business with its cryptocurrency ecosystem. Anchored by its cost-efficient knowledge facilities that strengthen its profitability with regular money circulation, the corporate additionally conducts self-mining operations that improve its market resilience by leveraging self-developed and bought mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The corporate additionally owns 7-nanometer BTC chips and has sturdy capabilities within the improvement of LTC/DOGE miners and ETC miners.

About Prosper

Prosper is a decentralized protocol for a group that really believes in Bitcoin, offering full publicity throughout Bitcoin hashrate and Bitcoin by way of bridging institutional-grade Bitcoin mining energy on-chain, and goals to unlock the potential of Bitcoin totally. For extra info, customers can go to prosper-fi.com or comply with on X (formerly Twitter).