Layer1 has raised $50 million from industry stakeholders including PayPal co-founder Peter Thiel and early stage investor Shasta Ventures
Source: https://cointelegraph.com/news/layer1-secures-50m-from-peter-thiel-others-to-mine-crypto-in-texas
Layer1 Secures $50M from Peter Thiel, Others to Mine Crypto in Texas
October 15, 2019
CoinTelegraph