Prosper Acquires 7,000 ASIC Miners from BITMAIN and Secures Strategic Funding to Democratize Bitcoin Mining
ChainwireProsper, a decentralized protocol that tokenizes institutional-grade Bitcoin hashrate as real-world assets, has acquired over 7,000 ASIC miners from BITMAIN and closed a strategic funding round. The acquisition is aimed at expanding the underlying Bitcoin hashrate capacity and democratizing access to institutional-grade mining. Prosper's unique tokenomics design ensures that hashrate-per-token will only increase and be accretive to $PROS holders, while its DAO leverages a flywheel model with both hashrate and Bitcoin treasury operations. The involvement of strategic partners such as Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands demonstrates strong confidence in Prosper's vision of bridging institutional-grade Bitcoin mining power on-chain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Netflix faces backlash for using AI-generated voice of Gabby Petito
Share link:In this post: Netflix used AI to recreate Gabby Petito’s voice in its new docuseries, and people are calling it disturbing and unethical. Viewers slammed Netflix online, saying AI shouldn’t be used to digitally recreate a murder victim’s voice for a documentary. Gabby’s family approved it, but experts argue that murder victims don’t get a say in how their voice is used after death.
Trump’s Republican allies unsettled by Elon Musk’s D.O.G.E
Share link:In this post: Elon Musk’s D.O.G.E. has gutted the CFPB, firing employees, shutting down enforcement, and wiping the agency’s name off its headquarters—leaving Trump allies worried it could backfire in court. Russell Vought and other Trump officials fear Elon’s reckless approach could bring lawsuits, allowing the CFPB to survive instead of being quietly dismantled. Government employees are suing the Trump administration anonymously, afraid Elon’s attacks on X and mass firings could put them at ri
Vitalik Buterin joins the resistance against the UK government’s push for Apple user data
Share link:In this post: Vitalik Buterin criticized the UK government for its recent demands for backdoor access to Apple user data. This will be the first time Apple is disabling its data security tool. Apple reassures users that some data, such as health app data, passwords, and communications on iMessage and FaceTime, will remain end-to-end encrypted.
President Trump Declares End to Biden’s Crypto War, Pledges US Bitcoin Dominance
Trending news
MoreCrypto prices
More
