Bitcoin mining protocol Prosper bags token funding from BIT Mining

Decentralized protocol Prosper secures investment from BIT Mining as it expands its solution to include institutional-grade Bitcoin mining and liquidity farming.

Prosper, a decentralized protocol bridging Bitcoin Bitcoin btc 3.51% Bitcoin mining to the blockchain by providing hashrate-backed tokens representing live Bitcoin mining power, has announced that BIT Mining has made a strategic investment in its native token, PROS. In a blog announcement on Nov. 14, Prosper said the investment represents “another significant validation” of its thesis by institutional backers.

“This investment reinforces the credibility and viability of Prosper’s new strategic vision,” the investment vehicle stated.