Wu said the blockchain exclusively learned that a business plan recently provided to investors by Layer1, a suspected American mining internet celebrity company, was exposed. It is rumored that hundreds of investors have received this business plan.
In the management team part of the business plan, Liu Xiangfu, the former co-founder of Canaan, served as the supply chain leader. He was introduced as the founder of Canaan, the second largest cryptocurrency mining machine manufacturer, and developed the worlds first Bitcoin in 2013 ASIC mining machine. Several overseas mining professionals told Wu that the blockchain provided this screenshot.
Liu Xiangfu said to Wu that the blockchain exclusive response, did not join Layer1, nor did he take part-time jobs, consultants and other roles.
If this business plan is true, then it may be that Layer1, an Internet celebrity American mining company that is used to exaggerating publicity, forged Liu Xiangfus employment information. As of press time, Layer1 and Layer1 co-founder Alex Liegl did not reply to Wu said the blockchain verification information.
Liu Xiangfu obtained a bachelors degree in computer science and technology from Changchun University in July 2006. He joined Canaan Creative in April 2013, holding 1/3 of the shares with Zhang Nangeng and Li Jiaxuan, and gradually faded out of Canaans management and transferred the shares. Rumor has it that there is a disagreement.
Liu Xiangfu currently holds a 10.2% stake in Canaan. Due to the complete withdrawal of Canaans Hangzhou branch, Liu Xiangfu may still be Canaans third largest individual shareholder besides Zhang Nangeng and Li Jiaxuan. After fading out of Canaan, Liu Xiangfu explored some new businesses, but he was still relatively low-key.
Layer1 belongs to the Internet celebrity company in the mining industry both in the United States and China. He received financing of 50 million US dollars from Peter Thiel and DCG Group, with a valuation of 200 million. DCG is the top investor in the global cryptocurrency industry, investing or holding Coinbase, Grayscale, Coindesk, Genesis, Bitpay and other large and small companies in more than 100 industries. Peter Thiel is the co-founder of PayPal and the most well-known investor in the cryptocurrency space.
Layer1 became famous in China because of a report. In May this year, Bitcoin was still sluggish after halving. Suddenly, this report translated from Forbes stated that the electricity cost for Layer 1 to dig out a Bitcoin is only 1,000 US dollars, which is the normal cost of digging out a Bitcoin. 1/3-1/5 of the electricity cost required by the currency, which caused great controversy for a while.
According to reports, the approach taken by Layer1 is: first, choose West Texas, which has one of the cheapest electricity in the world thanks to the abundant natural gas and a large number of wind turbines; second, sign a government demand response The contract, which shuts down all the machines during peak hours and gets paid by the government to let its 100-megawatt load flow into the grid, lowered their annual cost of electricity by 75 percent to less than 1 cent per kilowatt-hour. But this statement mainly comes from Layer1s boasting and has not been confirmed.
Layer1s exaggerated external publicity has raised many doubts, such as claiming to be the first large-scale bitcoin mining company in the United States and challenging Chinese miners to dominate about 70% of the mining market. In addition to raising funds, Layer1 has recently encountered a lawsuit: data center power management company Lancium has a technology patent that can help adjust data center power consumption, start when power demand is low, making it cheaper, and Turns off on peak. Lancium believes that Layer1 intentionally damaged the companys patents, should obtain corresponding damages, and should be given a permanent injunction.
From another point of view, the cryptocurrency mining industry used to be concentrated in China in various fields, but the United States is indeed accelerating its entry into the mining industry. Riot Blockchain announced that it will purchase 8,000 Antminer S19 Pros from Bitmain starting in January 2021. The clear delivery schedule for this purchase agreement is to deliver 2,000 units of the S19 Pro per month from January 2021 until April 2021.
Riot Blockchain is a Nasdaq-listed company headquartered in Colorado, the United States, a cryptocurrency mining company. The company mined a total of 508 bitcoins in the second quarter of this year, an increase of 61% from 316.19 bitcoins in the same period last year.
On June 26, Core Scientific, an American mining machine host, announced on its official website that it will purchase 17,595 Antminer S19s. Core Scientific said this is the largest order for S19. Wu said the blockchain estimates that the total value of the order exceeds 200 million yuan. The machines will be fully deployed at Core Scientifics 655,000-square-foot data center in the United States over the next four months.
Unlike Layer 1, these real orders really show the strength of US custodians. It is reported that the M30S of WhatsMiner is mainly shipped to overseas customers such as the United States, and many undisclosed large orders of Bitmain also come from overseas customers such as the United States.
