Layer1 has raised fifty million dollars ($50M) from stakeholders in Series A funding. Layer1 sets sights on Texas Layer1 is a crypto investment and infrastructure company that focuses on promising blockchain protocols and builds technological equipment to support them. Many well-known industrial players participated in the funding round. These include PayPal co-founder Peter Thiel, Investor Shasta Ventures, and various other notable members that collectively contributed fifty million dollars for the project. Layer1 is planning on creating a wind-powered Bitcoin mining facility in the Western region od the state of Texas. Reportedly Layer1 intends to integrate its mining operations in the
