Prosper

Bitcoin

Cayman Islands, Cayman Islands, November 14th, 2024, Chainwire
<a href="https://www.prosper-fi.com/" rel="noopener noreferrer nofollow" target="_blank">Prosper</a>, 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 <a href="https://www.btcm.group/" rel="noopener noreferrer nofollow" target="_blank">BIT Mining Limited</a> (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<a href="https://www.prosper-fi.com/news/prosper-waterdrip-capital-investment" rel="noopener noreferrer nofollow" target="_blank"> Waterdrip Capital</a>), 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
<a href="https://www.btcm.group/" rel="noopener noreferrer nofollow" target="_blank">BIT Mining</a> (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 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.
About Prosper
<a href="https://www.prosper-fi.com/" rel="noopener noreferrer nofollow" target="_blank">Prosper</a> 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 <a href="https://www.prosper-fi.com/" rel="noopener noreferrer nofollow" target="_blank">prosper-fi.com</a> or follow on <a href="https://x.com/prosperfi_xyz" rel="noopener noreferrer nofollow" target="_blank">X (formerly Twitter)</a>.
<h5>Contact</h5>
Prosper contact@prosper-fi.com

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

TheNewsCrypto

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