October 15, 2019 Texas-based Bitcoin mining operation Layer1 raises $50m Series A at $200m valuation.

Layer1 will be a ‘full-stack’ mining operation, including operating its own power sub-station, purchasing solar and wind renewables in West Texas, developing proprietary cooling technology, and manufacturing its own ASICs. Participants in the funding round include Peter Thiel and Shasta Ventures; an earlier seed round included Digital Currency Group.