The Good Tech Companies - Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Omnichain RWA

Episode Date: December 13, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/prosper-adds-7000-more-asic-miners-from-bitmain-to-drive-tokenization-of-hashrate-as-omnichain-rwa. Prosper aims to aggressively expand its underlying Bitcoin hashrate capacity to accelerate the flywheel of DAO-owned hashrate and Bitcoin treasury operations & Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #prosper, #btcwire, #press-release, #blockchain-development, #bitcoin-mining, #tokenization-of-rwas, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com. Prosper is a decentralized protocol democratizing access to Bitcoin mining. It tokenizes institutional-grade Bitcoin hashrate as omnichain real-world assets (RWA) It has acquired over 7,000 ASIC miners from BITMAIN.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Prosper adds 7,000 more ASIC miners from Bitmain to drive tokenization of hashrate as Omnichain RWA by BTC Wire. Dubai, December 12, 2024. Prosper, 8 centralized protocol democratizing access to Bitcoin mining by tokenizing institutional-grade Bitcoin hashrate as Omn-chain real-world assets. RWA today announced the acquisition of over 7,000 ASIC miners from Bitmain along with the successful closing of its strategic funding round. 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 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 in 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 hash rate, 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 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 DAP already. Access to pipeline capacity of 170 MW with the mid-term goal of adding another 5EHS. More than two 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 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 Pro's 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 tokenomics adopts a unique design to ensure hash rate per token will only 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 benefit 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 DAO treasury. DAO's treasury Bitcoin can be directed

towards TVL opportunities with ecosystem partners such as Bitcoin L2s to generate benefits for Dollar Pros holders and the DAO. Growth in DAO treasury value and Dollar Pros adoption allows the protocol to further expand underlying hash rate and enhance protocol resilience. By combining institutional-grade Bitcoin mining hash rate, 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 through liquidity farming. For more information, visit underscore underscore prosper dash fi dot com underscore underscore or follow us on X, formerly Twitter, media contact Asam Ali, Luna PR, and Asam at lunapr.io. Tip This story was distributed as a release by BTC Wire under HackerNoon's business blogging program. Learn more about the program here, and thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.