View source for Layer1 (Mining Company)

== Basics ==
* [https://coinspice.io/news/layer1-irs-bitcoin-icymi/ From] [[CoinSpice]] (19-2-2020):
"''Layer1, a [[mining]] startup backed by [[Peter Thiel]], started operations in Texas, after having raised more than $50 million last November. Layer1 aims to “repatriate” [[Bitcoin]] to the US, having manufactured their own mining equipment instead of using Chinese [[ASIC]]S. Layer1 CEO Alexander Liegl stated they want to dominate 30% of the Bitcoin mining [[hash rate]] by 2021, and they have already deployed several 2.5 MW containers using liquid cooling (due to the climate of the region)."''
* From the [https://www.coindesk.com/the-coindesk-50 CoinDesk 50]:
''"With a $2.1 million seed round led by Peter Thiel, Layer1 started out as an energy-minded investment firm. That was in 2018. Less than a year later, the firm was valued at $200 million, when Thiel and other crypto industry blue-chips pumped in an additional $50 million. Pivoting from its [https://www.coindesk.com/peter-thiel-backs-2-1-million-round-for-crypto-investment-startup-layer1 original focus] on [[Grin]] development, Layer1 is now placing its bets on energy-efficient Bitcoin mining, paradoxically under the hot West Texas sun. Looking to tap a supply of low-cost, sustainable local energy, the firm runs mining factories equipped with proprietary ASICs chips and patent-pending liquid cooling technology to mitigate the extreme heat. Ambitious to a fault, the firm says it expects to capture 30% of the Bitcoin network’s [[hash rate]] by 2021 – it is currently on pace to have 2-3% of the global hashrate by September – stealing market share from Chinese mining pools that currently control between 60-70% of the network. Though with [[Bitmain]] and Northern Data AG moving in, Layer1 isn’t exactly alone in the Lone Star State."''

== Team, investors ==
* Alexander Liegl; CEO 
* backed by [[Peter Thiel]]
[[Category:Companies/Organisations]]