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bitcoin mining
Bitcoin News
bitcoin mining
Bitcoin News

Peter Thiel-Backed $50 Million Bitcoin Mining Firm Starts Operations In West Texas

PayPal’s Peter Thiel’s Bitcoin mining firm starts mining operations in West Texas on Wednesday kicking off the $50 million facility as the market awaits BTC halving. The price of Bitcoin (BTC) is on a rise in 2020 after a two-year bearish trend that crippled the crypto industry. Despite the drop in BTC prices, mining on

PayPal’s Peter Thiel’s Bitcoin mining firm starts mining operations in West Texas on Wednesday kicking off the $50 million facility as the market awaits BTC halving. The price of Bitcoin (BTC) is on a rise in 2020 after a two-year bearish trend that crippled the crypto industry. Despite the drop in BTC prices, mining on

Altcoin News
Altcoin News

Paypal Co-founder Peter Theil Commits $50 Million To New Bitcoin Mining Venture

Layer 1, a San Francisco based Digital Currency Group (DCG)-backed investment fund is taking its first step into the Bitcoin mining business. Interestingly, the pool of investors includes venture capitalist and co-founder of Paypal Peter Thiel, who has committed $50 million to the venture. The venture is deemed to be worth $200 Million.  Series A

Layer 1, a San Francisco based Digital Currency Group (DCG)-backed investment fund is taking its first step into the Bitcoin mining business. Interestingly, the pool of investors includes venture capitalist and co-founder of Paypal Peter Thiel, who has committed $50 million to the venture. The venture is deemed to be worth $200 Million.  Series A