BIT Mining Invests in Prosper’s Native Tokens to Help New Give attention to Bitcoin Mining

Prosper, a decentralized protocol bridging
institutional-grade Bitcoin mining energy on-chain and aiming to unlock the
potential of Bitcoin by means of liquidity farming, right this moment introduced a brand new
funding in its native venture token PROS by one of many main cryptocurrency
mining firms BIT Mining Restricted (NYSE: BTCM).

Prosper’s new strategic concentrate on Bitcoin mining and the
broader Bitcoin ecosystem has been well-received by the group. As a part of
this strategic change, Prosper companions with distinguished business gamers to
receive varied providers and merchandise to ship institutional-grade execution
in managing its mining hashrate.

This funding from BIT Mining represents one other
important validation of Prosper’s thesis by institutional backers. In
addition to Prosper’s rising roster of top-tier business companions and
refined monetary buyers (together with a just lately introduced funding by
Waterdrip Capital), Prosper’s worth proposition additionally resonates with
cryptocurrency mining firms that deliver in depth expertise in mining
operations and a robust understanding of the ecosystem. This funding aligns
with Prosper’s strategic path and helps its new imaginative and prescient.

About BIT Mining Restricted

BIT Mining (NYSE: BTCM) is a number one technology-driven
cryptocurrency mining firm with operations in cryptocurrency mining, information
middle operation, and mining machine manufacturing. The corporate is
strategically creating long-term worth throughout the business with its
cryptocurrency ecosystem. Anchored by its cost-efficient information facilities that
strengthen its profitability with regular money stream, the corporate additionally conducts
self-mining operations that improve its market resilience by leveraging
self-developed and bought mining machines to seamlessly adapt to dynamic
cryptocurrency pricing. The corporate additionally owns 7-nanometer BTC chips and has
sturdy capabilities within the growth of LTC/DOGE miners and ETC miners.

About Prosper

Prosper (https://www.prosper-fi.com/) is a decentralized
protocol for a group that really believes in Bitcoin, offering full
publicity throughout Bitcoin hashrate and Bitcoin by means of bridging
institutional-grade Bitcoin mining energy on-chain, and goals to completely unlock the
potential of Bitcoin

This text was written by FL Contributors at www.ubaidahsan.com.



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