in Cryptocurrency

Peter Thiel-Backed Startup Says Texas Is the Best Place to Mine Bitcoin

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Alex Liegl, CEO of Layer1 Technologies, a US-based (BTC) mining company that recently announced its intention to repatriate 30% of Bitcoin’s hash power by 2022, has described Texas as offering miners the “cheapest power in the world, at scale.”

Less than two weeks ago, Layer1 commenced mining operations at its facility in western Texas, bringing multiple 2.5-megawatt container rigs online.

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Source: Cryptocurrency - investing.com

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