Prosper enters into long-term settlement with BITMAIN to supply Bitcoin miner internet hosting providers

George City, Cayman Islands, November fifteenth, 2024, Chainwire

Prosper, a decentralized protocol bridging institutional-grade mining energy on-chain and aiming to unlock the potential of Bitcoin via liquidity farming, at the moment introduced that it has entered right into a long-term internet hosting service settlement with BITMAIN, the world’s main producer of digital foreign money mining servers via its model Antminer.

Below the settlement, BITMAIN and its associates will present internet hosting providers for Prosper’s foundation-owned Bitcoin miners, bringing high-quality operational requirements for $PROS token holders. The primary batch of hashrate below this settlement is predicted to return on-line all through November by way of Antpool’s mining pool platform and accessible by way of Prosper’s v1 internet app.

Earlier this quarter, Prosper introduced a pivot in its strategic course to deal with Bitcoin mining and unlock Bitcoin’s potential in liquidity farming. Prosper has entered into an settlement with BITMAIN to reinforce execution high quality for its miners and $PROS token holders. This additionally highlights Prosper’s worth proposition as the one Web3 Bitcoin mining mission that has secured a number of top-notch trade gamers as key service suppliers.

About BITMAIN

Since its basis in 2013, BITMAIN is the world’s main producer of digital foreign money mining servers via its model ANTMINER, which has lengthy maintained a worldwide market share and main place in expertise, serving prospects throughout over 100 international locations and areas. The corporate’s R&D heart is located in Singapore, and it has a number of branches and subsidiaries throughout the globe, together with however not restricted to Hong Kong, the USA, Malaysia, and the United Arab Emirates.

About Prosper

Prosper is a decentralized protocol for a neighborhood that really believes in Bitcoin, offering full publicity throughout Bitcoin’s worth layers via bridging institutional-grade Bitcoin mining energy on-chain, and unlocking the potential of Bitcoin via liquidity farming. For extra info, customers can go to prosper-fi.com or observe us on X (previously Twitter).

ContactProspercontact@prosper-fi.com

This text was initially revealed on Chainwire