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

bit2Big > Bitcoin News > PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

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. 

Bit2Big

Bit2big offers global digital finance solutions based on blockchain, cryptocurrency investments and blockchain services.

With a presence in Switzerland, Nigeria, Rwanda and Uganda we are driving the adoption of blockchain technologies in the east and west Africa.

Transformative, empowering, progressive and integral. At Bit2big we believe in ownership, financial stability and having control over your future.

News

US Financial Services Chair Tells Joe Biden to Rescind OCC Crypto Guidance
December 5, 2020By
Koko claims bias before Zondo commission
December 5, 2020By
Michael Casey: Bitcoin vs. Gold Is a Battle of Narratives
December 4, 2020By

Recent Cases

Related Posts

Leave a Reply