{"id":41360,"date":"2024-11-14T13:05:06","date_gmt":"2024-11-14T13:05:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bit-mining-nyse-btcm-invests-in-prospers-native-tokens-to-support-new-focus-on-bitcoin-mining\/"},"modified":"2024-11-14T13:05:06","modified_gmt":"2024-11-14T13:05:06","slug":"bit-mining-nyse-btcm-invests-in-prospers-native-tokens-to-support-new-focus-on-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bit-mining-nyse-btcm-invests-in-prospers-native-tokens-to-support-new-focus-on-bitcoin-mining\/","title":{"rendered":"BIT Mining (NYSE: BTCM) Invests in Prosper\u2019s Native Tokens to Support New Focus on Bitcoin Mining"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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Cayman Islands, Cayman Islands, November 14th, 2024, Chainwire<\/strong><\/span><\/p>\n<\/p>\n

Prosper<\/a>, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited<\/a> (NYSE: BTCM).<\/p>\n

Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.<\/p>\n

This investment from BIT Mining represents another significant validation of Prosper\u2019s thesis by institutional backers. In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors (including a recently announced investment by Waterdrip Capital<\/a>), Prosper\u2019s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem. This investment aligns with Prosper\u2019s strategic direction and supports its new vision.<\/p>\n

About BIT Mining Limited<\/strong><\/p>\n

BIT Mining<\/a> (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation, and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC\/DOGE miners and ETC miners.<\/p>\n

About Prosper<\/strong><\/p>\n

Prosper<\/a> is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com<\/a> or follow on X (formerly Twitter)<\/a>.<\/p>\n<\/p>\n

Contact<\/h5>\n

Prosper<\/strong>
<\/span>contact@prosper-fi.com<\/strong>
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The post BIT Mining (NYSE: BTCM) Invests in Prosper\u2019s Native Tokens to Support New Focus on Bitcoin Mining<\/a> appeared first on Invezz<\/a><\/p>\n

Source link <\/a>
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(Originally posted on : Invezz ) Cayman Islands, Cayman Islands, November 14th, 2024, Chainwire Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT […]<\/p>\n","protected":false},"author":3947362360,"featured_media":41361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41360"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362360"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41360"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41361"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}