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Layer1
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
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 dataAt 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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES AOther financing | Oct 2019 | $50M | $150M | Peter Thiel · Charlie Songhurst | — |
| SEEDOther financing | Dec 2018 | $2.1M | $8.4M | Undisclosed | — |
Growth signals
Latest recorded traffic for Layer1 is 5.7K monthly website visits, up 23.9% over the last three months.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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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