Prosper Signs Long-Term Hosting Agreement with BITMAIN for Bitcoin Miner Operations

George Town, Cayman Islands – November 15, 2024 – Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and enabling liquidity farming for Bitcoin’s value layers, today announced a long-term hosting services agreement with BITMAIN, the world’s leading manufacturer of digital currency mining hardware through its Antminer brand.
Under this new partnership, BITMAIN and its affiliates will provide hosting services for Bitcoin miners owned by the Prosper Foundation, ensuring high-quality operational standards for PROS token holders. The first batch of mining power under this agreement is set to come online in November through Antpool's mining pool platform, with accessibility provided via Prosper’s v1 web app.
This move follows Prosper’s recent strategic pivot to focus on Bitcoin mining as a key component of its mission to unlock Bitcoin's potential in liquidity farming. By partnering with BITMAIN, Prosper aims to enhance execution quality and deliver increased value for its community and token holders. The collaboration underscores Prosper’s unique position as the only Web3 Bitcoin mining project backed by multiple top-tier industry players.
About BITMAIN
Founded in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers, known for its Antminer brand. The company holds a dominant market share and is a global leader in mining technology, serving customers in over 100 countries. BITMAIN’s R&D center is based in Singapore, and it operates branches and subsidiaries worldwide, including locations in Hong Kong, the United States, Malaysia, and the UAE.
About Prosper
Prosper is a decentralized protocol designed for a community that believes in the potential of Bitcoin. It bridges institutional-grade mining power on-chain and facilitates liquidity farming, unlocking new layers of value for Bitcoin. For more information, visit prosper-fi.com or follow us on X (formerly Twitter).
Contact
Email: [email protected]
Disclaimer: The content on this website is for informational purposes only and does not constitute financial or investment advice. We do not endorse any project or product. Readers should conduct their own research and assume full responsibility for their decisions. We are not liable for any loss or damage arising from reliance on the information provided. Crypto investments carry risks.