How bitcoin miner Layer1's pitch deck could spell legal trouble

Quick Take

  • A pitch deck from Peter Thiel-backed bitcoin mining startup Layer1 may have misled investors about the makeup of its “founding team.”
  • If true, it could have legal ramifications for the firm, which is seeking to define the United States as a more powerful base for global bitcoin mining operations.
The Block explores the recent controversy around bitcoin miner Layer1 and its funding presentation to investors.

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