The Good Tech Companies - BIT Mining (NYSE: BTCM) Invests In Prosper’s Native Tokens To Support New Focus On Bitcoin Mining

Episode Date: November 14, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/bit-mining-nyse-btcm-invests-in-prospers-native-tokens-to-support-new-focus-on-bitcoin-mining. This investment aligns with Prosper’s strategic direction and supports its new vision. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bitmining, #press-release, #bitmining-announcement, #mining-hashrate, #crypto-mining, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain, aims to unlock the potential of Bitcoin through liquidity farming. BIT Mining Limited, one of the leading cryptocurrency mining companies, announced a new investment in its native project token PROS. This investment aligns with Prosper’s strategic direction and supports its new vision.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. BitMining, NYSE. BTCM, invests in Prosper's native tokens to support new focus on Bitcoin mining, by Chainwire. Cayman Islands, Cayman Islands, November 14, 2024, Chainwire, 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 a new investment in its native project Token Pros by one of the leading cryptocurrency mining companies Bit Mining Limited, NYSE. BTCM. Prosper's new strategic focus on Bitcoin mining and the broader Bitcoin co-system has been well-received by the

community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate. This investment from BitMining represents another significant validation of Prosper's thesis by institutional backers. In addition to Prosper's growing roster of top-tier industry partners and sophisticated financial investors, including a recently announced investment by Waterdrip Capital, Prosper's value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the

ecosystem. This investment aligns with Prosper's strategic direction and supports its new vision about BitMining LIMITEDBIT Mining, NYSE, BTCM, as a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation, and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7nm BTC chips and has strong capabilities

in the development of LTC, Doge miners and etc. miners. About Prosper Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X, formerly Twitter. Contact prosper contact at prosper-fi.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this

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