Prosper Accelerates Bitcoin Hashrate Tokenization with Acquisition of 7K BITMAIN ASIC Miners

Prosper, a decentralized protocol revolutionizing Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA), has announced the acquisition of over 7,000 ASIC miners from BITMAIN. 

This development follows Prosper’s successful closure of a strategic funding round and marks a pivotal step toward scaling its Bitcoin hashrate and democratizing access to institutional-grade mining.

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Backed by industry heavyweights including Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands, and Satoshi Protocol, Prosper’s latest initiative aims to expand its Bitcoin mining capacity to 170 MW while bolstering its DAO-driven treasury operations.

Pioneering Democratized Bitcoin Mining

The project’s mission is rooted in the ethos of decentralization and community governance, aligning with Bitcoin’s foundational principles. By leveraging cutting-edge ASIC technology from BITMAIN, Prosper enhances reliability and efficiency in its mining ecosystem. This acquisition positions the protocol to deliver greater value to $PROS token holders while ensuring Bitcoin mining remains decentralized.

Milton Lam, a member of Prosper’s Advisory Council, highlighted the significance of this initiative:

“Prosper follows the footsteps of Bitcoin’s core ethos by democratizing access to Bitcoin hashrate, the underlying layer powering Bitcoin-through blockchain technology. This layer of community governance and ownership afforded by blockchain allows Prosper to scale its flywheel of both Bitcoin hashrate and treasury operations while simultaneously helping to ensure that Bitcoin mining layer is sufficiently decentralized to maintain Bitcoin’s status as the most recognized digital reserve currency.”

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Key Milestones and Future Goals

• 1 EH/s of hashrate procured, with 250 PH/s already live on Prosper’s decentralized app.
• Access to 170 MW of pipeline capacity with plans to expand to 5 EH/s in the mid-term.
• Over 2 BTC rewards distributed to $PROS holders since November, with over 200 BTC delegated by launch partners to the DAO.

The strategic funding round saw participation from prominent players, including Metalpha, BIT Mining, and Animoca Brands, which recently announced plans to acquire $PROS tokens from the open market. This investment signals confidence in Prosper’s vision of bridging institutional-grade Bitcoin mining power on-chain.

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Innovative Tokenomics and DAO Model

Prosper’s tokenomics ensures a sustainable and accretive value proposition for $PROS holders. Through its flywheel model, the DAO’s operations are designed to optimize hashrate and Bitcoin treasury growth:

• Institutional-grade mining generates Bitcoin rewards, a portion of which is distributed to $PROS holders.
• Remaining rewards bolster the DAO treasury, which supports TVL opportunities and enhances protocol resilience.
• Treasury growth enables further hashrate expansion, creating a feedback loop that benefits $PROS holders.

By combining institutional-grade mining with a decentralized protocol model, Prosper is set to redefine Bitcoin mining accessibility. Its focus on transparency, community governance, and robust partnerships positions it as a flagship protocol in the Bitcoin mining space.