{"id":20448,"date":"2024-11-14T12:22:47","date_gmt":"2024-11-14T12:22:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=20448"},"modified":"2024-11-14T12:22:47","modified_gmt":"2024-11-14T12:22:47","slug":"bit-mining-nyse-btcm-invests-in-prospers-native-tokens-to-support-new-focus-on-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=20448","title":{"rendered":"BIT Mining (NYSE: BTCM) Invests in Prosper\u2019s Native Tokens to Support New Focus on Bitcoin Mining"},"content":{"rendered":"<p><strong>[PRESS RELEASE \u2013 Cayman Islands, Cayman Islands, November 14th, 2024]<\/strong><\/p>\n<p><a href=\"https:\/\/www.prosper-fi.com\/\" target=\"_blank\" rel=\"noopener\">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 <a href=\"https:\/\/www.btcm.group\/\" target=\"_blank\" rel=\"noopener\">BIT Mining Limited<\/a> (NYSE: BTCM).<\/p>\n<p>Prosper\u2019s 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<p>This investment from BIT Mining represents another significant validation of Prosper\u2019s thesis by institutional backers. In addition to Prosper\u2019s growing roster of top-tier industry partners and sophisticated financial investors (including a recently announced investment by<a href=\"https:\/\/www.prosper-fi.com\/news\/prosper-waterdrip-capital-investment\" target=\"_blank\" rel=\"noopener\"> 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<p><strong>About BIT Mining Limited<\/strong><\/p>\n<p><a href=\"https:\/\/www.btcm.group\/\" target=\"_blank\" rel=\"noopener\">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<p><strong>About Prosper<\/strong><\/p>\n<p><a href=\"https:\/\/www.prosper-fi.com\/\" target=\"_blank\" rel=\"noopener\">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 unlock the potential of Bitcoin fully. For more information, users can visit <a href=\"https:\/\/www.prosper-fi.com\/\" target=\"_blank\" rel=\"noopener\">prosper-fi.com<\/a> or follow on <a href=\"https:\/\/x.com\/prosperfi_xyz\" target=\"_blank\" rel=\"noopener\">X (formerly Twitter)<\/a>.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bit-mining-nyse-btcm-invests-in-prospers-native-tokens-to-support-new-focus-on-bitcoin-mining\/\">BIT Mining (NYSE: BTCM) Invests in Prosper\u2019s Native Tokens to Support New Focus on Bitcoin Mining<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>[PRESS RELEASE \u2013 Cayman Islands, Cayman Islands, November 14th, 2024] 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 Mining Limited (NYSE: BTCM). [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":20449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-20448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20448"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20448"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/20448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/20449"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}