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BIT Mining (NYSE: BTCM) Invests in Prosper’s Native Tokens to Support New Focus on Bitcoin Mining Cryptonomist 14 Nov 2024

BIT Mining (NYSE: BTCM) Invests in Prosper’s Native Tokens to Support New Focus on Bitcoin Mining 💼

Prosper Cayman Islands Bitcoin Bit Mining

BIT Mining Limited, a prominent player in cryptocurrency mining, announced its investment in Prosper's native tokens. Prosper is a decentralized protocol aiming to bridge institutional-grade Bitcoin mining power on-chain. This investment is expected to boost liquidity farming and unlock the potential of Bitcoin for Prosper.

The announcement underscores BIT Mining's strategic focus on Bitcoin mining as it continues to support innovative protocols that enhance blockchain technology functionalities. By investing in Prosper, BIT Mining is likely enhancing its portfolio and contributing to the growth of decentralized finance.

This move is significant for Prosper, as it receives support from a renowned company in the crypto mining sphere, potentially accelerating its growth and operational capabilities. This investment also reflects a growing trend amongst traditional mining companies toward decentralized projects.

Source: en.cryptonomist.ch ↗

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