Layer1 is seeking $50 million to run wind-powered Bitcoin mining facilities in the US

Bitcoin ($BTC) mining firm Layer1 announced it has raised $30 million of its $50 million Series A goal to run wind-powered Bitcoin mining facilities in the United States (US). Peter Thiel and Shasta Ventures, among other undisclosed cryptocurrency-focused investors, have contributed to the current round at a valuation of $200 million. In addition to taking advantage of an "under-utilized" renewable energy market, Layer1 CEO Alexander Liegl stated his firm aims to increase the US's contribution to Bitcoin's hashrate.

“The United States’ hash rate share is currently below 5 percent,” Liegl said. “Our goal is to bump that up to at least over 15 percent.”