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Layer1

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Layer1 Technologies Inc. builds turnkey, fully-integrated Bitcoin mining data centers that boost the profitability of energy assets and improve the reliability of electrical grids

San Francisco, United StatesFounded 2018Fintech
Valuation $100–250M Last recorded · 2019
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Layer1 and the history behind them.

About Layer1

Layer1 is a pioneering company in the Bitcoin mining industry, focusing on creating sustainable solutions for the growing energy demands of digital assets. The company operates fully integrated Bitcoin mining data centers that double as large-scale energy storage systems. By owning the entire Bitcoin mining technology stack, Layer1 ensures the most efficient conversion of electrical power into Bitcoins. The company's unique value proposition lies in its scalable liquid cooling system, which not only stabilizes electrical grids by releasing electricity during peak demand but also allows for higher overclocking and longer chip lifetimes. Layer1 collaborates with a world-class semiconductor partner to tailor every aspect of chip and PCB design, optimizing performance within their liquid cooling system. This proprietary technology enables rapid deployment and scaling of operations, even in regions with the cheapest electricity where hot climates make traditional air-cooled data centers unfeasible. Layer1's business model revolves around leveraging its advanced technology to mine Bitcoin efficiently, thereby generating revenue through the production and sale of Bitcoins. The company serves clients in the cryptocurrency market, particularly those interested in sustainable and efficient mining solutions. By integrating renewable energy sources and cutting-edge technology, Layer1 aims to strengthen decentralization and promote the use of renewable energy in the digital economy.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
San Francisco, United States
Open positions
None listed
Dealroom signal
58.3/100
Industry
Fintech
Sub-industry
Wealth Management
Sector
Fintech, Bitcoin, Hard Tech
Technology
Blockchain, Hardware
Business model
Manufacturing
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Oct 2019 $50M $150M Peter Thiel · Charlie Songhurst —
SEEDOther financing Dec 2018 $2.1M $8.4M Undisclosed —
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Growth signals

Layer1 website traffic

Latest recorded traffic for Layer1 is 5.7K monthly website visits, up 23.9% over the last three months.

Latest monthly visits5.7K 3-month web change+23.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · San Francisco HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Layer1 on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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