[PRESS RELEASE – George Town, Cayman Islands, November 15th, 2024]
Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining energy on-chain and aiming to unlock the potential of Bitcoin by means of liquidity farming, at this time introduced that it has entered right into a long-term internet hosting service settlement with BITMAIN, the world’s main producer of digital foreign money mining servers by means of its model Antminer.
Below the settlement, BITMAIN and its associates will present internet hosting providers for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational requirements for $PROS token holders. The primary batch of hashrate underneath this settlement is predicted to come back on-line all through November by way of Antpool’s mining pool platform and accessible by way of Prosper’s v1 net app.
Earlier this quarter, Prosper introduced a pivot in its strategic course to concentrate on Bitcoin mining and unlock Bitcoin’s potential in liquidity farming. Prosper has entered into an settlement with BITMAIN to reinforce execution high quality for its miners and $PROS token holders. This additionally highlights Prosper’s worth proposition as the one Web3 Bitcoin mining challenge that has secured a number of top-notch business gamers as key service suppliers.
About BITMAIN
Since its basis in 2013, BITMAIN is the world’s main producer of digital foreign money mining servers by means of its model ANTMINER, which has lengthy maintained a worldwide market share and main place in know-how, serving clients throughout over 100 nations and areas. The corporate’s R&D heart is located in Singapore, and it has a number of branches and subsidiaries throughout the globe, together with however not restricted to Hong Kong, america, Malaysia, and the United Arab Emirates.
About Prosper
Prosper is a decentralized protocol for a neighborhood that really believes in Bitcoin, offering full publicity throughout Bitcoin’s worth layers by means of bridging institutional-grade Bitcoin mining energy on-chain, and unlocking the potential of Bitcoin by means of liquidity farming. For extra info, customers can go to prosper-fi.com or comply with us on X (previously Twitter).
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