BIT Mining Invests in Prosper, a Decentralized Protocol Connecting Institutional-Grade Bitcoin Mining Power On-Chain

Prosper, a decentralized protocol that connects institutional-grade Bitcoin mining power on-chain is set to unleash Bitcoin's full potential through liquidity farming.

Decentralized protocol Prosper, which aims to integrate institutional-grade Bitcoin mining power on-chain and unlock Bitcoin’s full potential through liquidity farming, announced a new investment in its native project token, PROS, from BIT Mining Limited (NYSE: BTCM), a leading company in the cryptocurrency mining industry.

This strategic pivot towards Bitcoin mining and the broader Bitcoin ecosystem has generated positive feedback from the community. In a bid to strengthen its operational framework, Prosper is collaborating with key industry leaders to access a spectrum of services and products, ensuring optimal execution in managing its mining hashrate.

The investment from BIT Mining signifies a strong endorsement of Prosper’s thesis by institutional players.

Together with Prosper’s growing roster of top-tier industry collaborators and financial backers (most notably highlighted by a recent investment from Waterdrip Capital), the platform’s value proposition resonates particularly with cryptocurrency mining companies that possess deep expertise in mining operations and a strong understanding of the ecosystem. This investment aligns seamlessly with Prosper’s strategic roadmap and bolsters its innovative vision.

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