Peter Thiel backed Layer1 begins mining Bitcoin in west Texas & aims to have 30% of BTC’s total hashrate

posted about 2 months ago
Layer1 Technology, a Peter Thiel-backed Bitcoin mining startup has begun its mining operations in West Texas. The site expects to scale to 100MW within a few months, and aims to capture 30% of Bitcoin’s total network hashrate by the end of 2021.
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