US Bitcoin Miner Aims to Repatriate 30% of Hash Rate Citing National Security

Cointelegraph

Published Feb 19, 2020 07:32PM ET

Updated Feb 19, 2020 09:22PM ET

US Bitcoin Miner Aims to Repatriate 30% of Hash Rate Citing National Security

Bitcoin mining startup Layer1 Technologies has begun operations at its West Texas facility, with an ambitious roadmap to secure 30% of the hash rate.

Layer1, which raised $50 million in November from Thiel, Shasta Ventures and Digital Currency Group, said it has now brought multiple 2.5-megawatt liquid-cooled mining containers online.

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