Decentralized Bitcoin mining protocol Prosper has acquired over 7,000 ASIC miners from BITMAIN and completed a strategic funding round backed by Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, according to an announcement.
The acquisitions and funding aim to expand Prosper’s institutional-grade Bitcoin hashrate capacity and enhance decentralized access to mining.
The miner purchase follows a long-term partnership and hosting service agreement with BITMAIN, a leading digital currency mining equipment provider.
Prosper seeks to democratize access to Bitcoin mining by tokenizing institutional-grade hashrate as omnichain real-world assets (RWA).
The initiative supports a decentralized autonomous organization (DAO) model where Bitcoin mining rewards and treasury operations benefit $PROS token holders.
“Prosper follows the footsteps of Bitcoin’s core ethos by democratizing access to Bitcoin hashrate, the underlying layer powering Bitcoin-through blockchain technology,” said Milton Lam, Prosper Advisory Council Member.
Prosper’s recent acquisitions secure 1 EH/s of hashrate capacity, with 250 PH/s already live on its decentralized application. The protocol plans to leverage a 170MW capacity pipeline with the mid-term goal of adding another 5 EH/s.
Since November, the project has distributed over 2 BTC in rewards to $PROS holders and secured over 200 BTC from launch partners for DAO treasury operations.
The strategic funding round attracted investment from established industry players, including Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol.
Animoca Brands previously announced plans to purchase $PROS tokens from the open market, reinforcing confidence in Prosper’s approach to bridging institutional-grade mining power with decentralized blockchain systems.
Prosper’s model combines Bitcoin hashrate and treasury management, governed by its DAO. Rewards from mining operations are distributed to token holders, while surplus BTC is directed toward total value locked (TVL) opportunities with ecosystem partners, including Bitcoin Layer-2 solutions.
This structure aims to increase the protocol’s resilience and expand its underlying hashrate.
With institutional backing, decentralized governance, and strategic partnerships, Prosper positions itself as a leading decentralized Bitcoin mining protocol in the evolving blockchain ecosystem.