Bitcoin Daily: Bitcoin Mining Startup Lands $50M From Big-Name VCs; Bitcoin Transaction Fees Have Now Exceeded $1B
PYMNTS
OCTOBER 16, 2019
San Francisco-based Layer1 announced that it has raised $50 million from investors including Peter Thiel, Shasta Ventures, and various crypto industry leaders. The company will use the funding to build a bitcoin mining operation, which it claims to be the first bitcoin mining company in the U.S. “at
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