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Layer1 Technologies Inc.
Layer1 Technologies Inc., headquartered in the United States, is a pioneering force in the blockchain and cryptocurrency industry. Founded in 2017, the company has rapidly established itself as a leader in the development of innovative mining solutions and infrastructure. With a focus on sustainable energy practices, Layer1 is committed to revolutionising the way cryptocurrency is mined, particularly in major operational regions across North America. The company’s core offerings include advanced mining hardware and proprietary software designed to optimise efficiency and reduce costs. Layer1's unique approach to integrating renewable energy sources sets it apart in a competitive market, positioning it as a key player in the transition towards greener blockchain technologies. Notable achievements include significant partnerships and advancements in mining technology, solidifying Layer1's reputation as a forward-thinking leader in the cryptocurrency space.
DitchCarbon Score
How does Layer1 Technologies Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Layer1 Technologies Inc.'s score of 23 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Layer1 Technologies Inc.'s reported carbon emissions
In 2017, Layer1 Technologies Inc. reported total carbon emissions of approximately 17,950 kg CO2e, with Scope 1 emissions at about 9,900 kg CO2e and Scope 2 emissions at around 8,000 kg CO2e. This reflects a slight increase from 2016, when total emissions were about 17,900 kg CO2e, with Scope 1 at 9,000 kg CO2e and Scope 2 at 8,900 kg CO2e. The company has not disclosed any Scope 3 emissions data. Layer1 Technologies is committed to ambitious climate targets, aiming for a carbon-neutral mine by 2030. This includes specific reduction initiatives for both Scope 1 and Scope 2 emissions, with a focus on energy efficiency. The company has set a target to achieve a 30% reduction in absolute energy intensity by 2030, measured against its 2016 performance. These commitments are part of a long-term strategy that began in 2023, demonstrating Layer1 Technologies' proactive approach to addressing climate change and reducing its carbon footprint.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Layer1 Technologies Inc. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
