Layer1 raises $50M from Peter Thiel and others at $200M valuation for a planned wind energy-backed bitcoin mining operation in Texas using custom cooling tech
San Francisco-based Layer1 announced it has raised $50 million from billionaire Peter Thiel and others to move forward with its plan to make Texas the global hub of Bitcoin mining! https://fortune.com/...
So you're saying you didn't anticipate that an eccentric gay billionaire was going to deploy hundreds of millions of dollars to create a mining farm surrounded by freedom/gun-loving Texans? Bitcoin comes at ya fast, son! https://twitter.com/...
🙄 why? Imagine what you could do with $50m. Renewable energy doesn't make it Captain Planet (lot of precious metals mined, concrete poured, iron smelted, transport and construction vehicles used, plastic extruded, land paved over, etc.) https://twitter.com/...