BIT Mining Invests in Prosper’s Native Tokens to Support New Focus on Bitcoin Mining

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).

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.

This investment from BIT Mining represents another
significant validation of Prosper’s 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), Prosper’s 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’s strategic direction and supports its new vision.

About BIT Mining Limited

BIT Mining (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.

About Prosper

Prosper (https://www.prosper-fi.com/) 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

This article was written by FL Contributors at www.forexlive.com.