Prosper acquires 7,000 BITMAIN ASIC mining rigs and secures strategic funding to advance democratization of Bitcoin mining
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Prosper acquires 7,000 BITMAIN ASIC mining rigs and secures strategic funding to advance democratization of Bitcoin mining
Prosper democratizes Bitcoin mining by tokenizing institutional-grade Bitcoin hash rate as on-chain real-world assets (RWA).
Navigating Web3 tides with focused insightsWritten by: Chainwire
Prosper is a decentralized protocol democratizing Bitcoin mining by tokenizing institutional-grade Bitcoin hash rate as on-chain real-world assets (RWA). Today, Prosper announced the acquisition of over 7,000 ASIC miners from BITMAIN and the successful completion of its strategic funding round.
Backed by Metalpha, Waterdrip Capital, BIT Mining, Animoca Brands, and others, Prosper has procured brand-new ASIC mining rigs from BITMAIN to deliver institutional-grade execution quality to its protocol.
Prosper aims to expand its base Bitcoin hash rate capacity, accelerate the flywheel effect of DAO-owned hash rate and BTC treasury operations, and democratize access to institutional-grade mining.
This milestone acquisition marks a critical step for Prosper in delivering institutional-grade reliability to its mining ecosystem, following the announcement of a long-term partnership and hosting service agreement with BITMAIN, the world’s leading digital currency mining equipment manufacturer. By leveraging BITMAIN’s cutting-edge products, Prosper enhances value delivery to $PROS token holders, further solidifying its position as a leading Web3 Bitcoin mining protocol, backed by top industry participants.
“Bitcoin democratized the entire economic system through blockchain technology, bringing fundamental transformation to finance. Prosper follows Bitcoin’s core philosophy by using blockchain to democratize Bitcoin’s foundational power—hash rate. The community governance and ownership layer enabled by blockchain allows Prosper to scale both the hash rate and treasury operational flywheels simultaneously, while ensuring the Bitcoin mining layer remains sufficiently decentralized to uphold Bitcoin’s status as the most recognized digital reserve currency.”
— Milton Lam, Member of Prosper Advisory Committee
Prosper's Latest Developments
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Procured 1 EH/s of hash rate, fully ready to go online (with 250 PH/s already live on Prosper’s dApp).
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Has 170MW of pipeline capacity, with a mid-term goal of adding 5 EH/s.
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Distributed over 2 BTC in rewards to $PROS holders since November.
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Gained allocation rights to over 200 BTC delegated to the DAO by partners, unlocking TVL opportunities for $PROS holders.
Strategic Funding Round: Strengthening the Bitcoin Ecosystem
In addition to the collaboration with BITMAIN, Prosper announced the completion of its strategic funding round, attracting prominent industry players and financial investors including Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol. In October, Animoca Brands also revealed plans to purchase $PROS tokens from the open market.
These investments reflect strong confidence in Prosper’s vision of bridging institutional-grade Bitcoin mining capabilities on-chain and innovating Bitcoin liquidity mining. The involvement of these strategic partners brings vital industry expertise and network resources to support Prosper’s expanding operations.
Paving the Way for Growth
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Prosper employs a uniquely designed tokenomics model that ensures the hash rate backing each token can only increase, creating ongoing value for $PROS holders.
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Prosper’s DAO utilizes a unique flywheel model combining hash rate and BTC treasury operations—all governed and benefited from by $PROS holders.
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Institutional-grade hash rate continuously generates Bitcoin, with part of the rewards distributed to active holders and the remainder added to the DAO treasury.
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The DAO’s BTC treasury can generate yield through TVL opportunities with ecosystem partners (such as Bitcoin L2s), benefiting both $PROS holders and the DAO.
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Growing DAO treasury value and increased adoption of $PROS enable the protocol to further expand its base hash rate and strengthen protocol resilience.
By combining institutional-grade Bitcoin mining hash rate, a decentralized protocol design built on strong fundamentals, and a broad network of strategic partners, Prosper is well-positioned to cement its status as the flagship decentralized Bitcoin mining protocol.
About Prosper
Prosper is a decentralized protocol dedicated to providing communities who truly believe in Bitcoin with comprehensive access to Bitcoin hash rate and Bitcoin itself. By tokenizing institutional-grade Bitcoin hash rate as on-chain real-world assets (RWA), Prosper strives to unlock Bitcoin’s full potential. Learn more at prosper-fi.com or follow us on X (formerly Twitter).
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