Helping you make wiser investment decisions

PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

August 14, 2020 Jaspreet Kalra
Hut 8 Plans $7.5M Offering to Upgrade Bitcoin Mining Rigs

According to a recent lawsuit filed in the Western District Court of Texas, data center power management firm Lancium has accused bitcoin mining firm Layer1 of infringing upon its patented technology to adjust power usage in bitcoin mining facilities. 

Backed by investors like PayPal Co-founder Peter Theil and the Digital Currency Group, CoinDesk’s parent company, Layer1 currently operates bitcoin mining facilities in West Texas. 

Source link