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Bitcoin Mining Startup Layer1 Raises $50M from Peter Thiel, Shasta Ventures and Others

Layer1, San Francisco-based startup involved in Bitcoin mining, has raised $50 million in an effort to live up its plan to establish farms for mining. The money has been received from such a row of prominent investors including Peter Thiel, an American billionaire and co-founder of PayPal, Palantir Technologies and Founders Fund, and Shasta Ventures, an early-stage venture capital investment firm that invests in enterprise and technology consumer startups.According to Alexander Liegl, CEO of...

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