Layer1 supported by Peter Tilar began mining bitcoin

Layer1 startup, which received $ 50 million from Peter Til and other venture capitalists, began mining operations in Texas. This is reported by The Block.

The company from San Francisco commissioned several mining containers with a capacity of 2.5 megavatts equipped with a liquid cooling system.

At the current stage, the total power of devices for the production of cryptocurrencies is unknown. However, in a conversation with the publication, representatives of Layer1 announced their intention to generate more than 2% of the total Heshrelite of Bitcoin for the next few months and about 30% – until the end of 2021.

CEO and co-founder LAYER1 Alexander LYGLE added that the company intends to use its own development equipment equipped with 10-nm chips from Samsung, which “work just like 7-nm analogues from TSMC”. So far, the company uses equipment from В ОАЕ представили third -party suppliers.

Recall that at the end of last year, thanks to the successful closure of the round of financing of the series A, the market value of Layer1 reached $ 200 million.