The Good Tech Companies - Prosper Acquires 7,000 ASIC Miners From BITMAIN And Secures Strategic Funding To Democratize Bitcoin

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Prosper acquires 7,000 ASIC miners from Bitmain and secures strategic funding to democratize Bitcoin by Chainwire. Dubai, United Arab Emirates, December 13, 2024, Chainwire, Prosper, a centralized protocol democratizing access to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as Omnichain Real World Assets. Today announced the acquisition of over 7,000 ASIC miners from Bitmain along with the successful closing of its strategic funding ground. Backed by Metalfa, WaterDrip Capital, BitMining, Animoca Brands, and more, Prosper has procured

Starting point is 00:00:42 the new ASIC miners from Bitmain to bring institutional-grade execution quality to its protocol. Prosper aims to expand its underlying Bitcoin hashrate capacity to accelerate the flywheel of DAO-owned hashrate and Bitcoin treasury operations and democratize access to institutional-grade mining. Following the announcement of Prosper's long-term partnership and hosting service agreement with Bitmain, the world's leading manufacturer of digital currency mining servers, this landmark purchase marks an instrumental step in Prosper's mission to provide institutional-grade reliability to its mining ecosystem. By leveraging BITMAIN's cutting-edge products, Prosper enhances the value delivered to its

Starting point is 00:01:20 dollar pros token holders, further distinguishing itself as the premier Web3 Bitcoin mining protocol backed by leading industry players. Greater than, Bitcoin brought about a fundamental shift in finance by democratizing an greater-than economic system in its entirety with blockchain technology. Prosper follows greater-than the footsteps of Bitcoin's core ethos by democratizing access to Bitcoin greater-than hashrate, the underlying layer powering Bitcoin through blockchain technology. Greater than this layer of community governance and ownership afforded by blockchain allows greater than prosper to scale its flywheel of both Bitcoin hashrate and treasury operations greater than while simultaneously helping to ensure that Bitcoin mining layer is greater

Starting point is 00:02:01 than sufficiently decentralized to maintain Bitcoin's status as the most recognized greater-than-digital reserve currency, said Milton Lamb, Prosper Advisory Council member. Prosper's latest development 1EHS of hashrate procured and ready to fully go live, with 250 phosphorus monohydride S live on Prosper's dApp already. Access to pipeline capacity of 170 MW with the mid-term goal of adding another 5EHS. More than 2 BTC rewards given out to Dollar Pros holders since November. Access to more than 200 BTC to be delegated by launch partners to the DAO to unlock TVL opportunities for Dollar Pros holders. Strategic round closure. Strengthening the Bitcoin ECO system in addition to its Bitmain partnership, Prosper announced the closure of its strategic funding round, which saw participation from

Starting point is 00:02:52 prominent industry players and financial investors, including Metalfa, Waterdrip Capital, Bitmining, and Satoshi Protocol. Earlier in October, Animoca Brands also disclosed its intention to purchase Dollar Pros tokens from the open market. These investments demonstrate the strong confidence in Prosper's vision of bridging institutional-grade Bitcoin mining power on-chain and its innovative approach to Bitcoin liquidity farming. The involvement of these strategic partners brings crucial industry expertise and networks to support Prosper's operations as it scales. Positioning Prosper for growth Prosper's operations as it scales. Positioning Prosper for growth Prosper's tokenomics adopts a unique design to ensure hash rate per token will only

Starting point is 00:03:30 increase and be accretive to dollar pros holders. Prosper's DAO leverages a unique flywheel model with both hash rate and Bitcoin treasury operations, all governed by and for the benefits of dollar pros holders. Institutional-grade hash rate generates Bitcoin on an ongoing basis, part of which is rewarded to holders for their active participation, and remaining goes to the Dow Treasury. Dow's Treasury Bitcoin can be directed towards TVL opportunities with ecosystem partners such as Bitcoin L2 to generate benefits for Dollar Pros holders and the Dow. Growth in Dow DAO treasury value and dollar pros adoption allows the protocol to further expand underlying hashrate and enhance protocol resilience.

Starting point is 00:04:10 By combining institutional-grade Bitcoin mining hashrate, a decentralized protocol design backed by strong fundamentals, and an extensive network of strategic partners, Prosper is well-positioned to solidify its status as the flagship decentralized Bitcoin mining protocol. About Prosper Prosper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through tokenizing institutional-grade Bitcoin hashrate as Omnichain RWA, and aims to fully unlock the potential of Bitcoin. For more information, users can visit Prosper.com or follow on x, formerly twitter. Contact prosper contact at prosperify.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging

Starting point is 00:04:56 program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - Prosper Acquires 7,000 ASIC Miners From BITMAIN And Secures Strategic Funding To Democratize Bitcoin

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