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Prosper enters into long-term agreement with BITMAIN to provide Bitcoin miner hosting services
The collaboration aims to strengthen Prosper's infrastructure and solidify BITMAIN's presence in North America's rapidly growing Bitcoin mining industry.
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George Town, Cayman Islands, November 15th, 2024, Chainwire –ย Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced that it has entered into a long-term hosting service agreement with BITMAIN, the world’s leading manufacturer of digital currency mining servers through its brand Antminer.
Under the agreement, BITMAIN and its affiliates will provide hosting services for Prosperโs foundation-owned Bitcoin miners, bringing high-quality operational standards for $PROS token holders. The first batch of hashrate under this agreement is expected to come online throughout November via Antpoolโs mining pool platform and accessible via Prosperโsย v1 web app.
Earlier this quarter, Prosper announced a pivot in its strategic direction to focus on Bitcoin mining and unlock Bitcoinโs potential in liquidity farming. Prosper has entered into an agreement with BITMAIN to enhance execution quality for its miners and $PROS token holders. This also highlights Prosperโs value proposition as the only Web3 Bitcoin mining project that has secured multiple top-notch industry players as key service providers.
About BITMAIN
Since its foundation in 2013, BITMAIN is the world’s leading manufacturer of digital currency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions. The company’s R&D center is situated in Singapore, and it has multiple branches and subsidiaries across the globe, including but not limited to Hong Kong, the United States, Malaysia, and the United Arab Emirates.
About Prosper
Prosperย is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin’s value layers through bridging institutional-grade Bitcoin mining power on-chain, and unlocking the potential of Bitcoin through liquidity farming. For more information, users can visitย prosper-fi.comย or follow us onย X (formerly Twitter).
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