Layer1 Files Malicious Prosecution and Shareholder Misconduct Lawsuit Against Jakov Dolic and Ivan Kirillov

SAN FRANCISCO, Dec. 4, 2020 /PRNewswire/ -- Layer1 Technologies, the first U.S. based renewable energy, fully-integrated Bitcoin mining company, announced today that it has filed a lawsuit against Jakov Dolic and Ivan Kirillov for shareholder misconduct and malicious prosecution in the District Court of Ward County Texas.

The lawsuit states that Dolic and Kirillov as shareholders in Layer1 have damaged Layer1 through a protracted scheme of misconduct designed to impede Layer1's operations, including the filing of a frivolous lawsuit that was subsequently dismissed. Layer1's petition seeks redress for the damages that the scheme caused. 

To learn about Layer1, please contact info@layer1.com.

About Layer1
Layer1 is the first U.S. based renewable energy, fully-integrated Bitcoin mining company. Layer1's team consists of Bitcoin enthusiasts, energy entrepreneurs, and data center technology experts who are on a mission to build a sustainable future for the digital world's growing energy needs.

Layer1 is backed by VCs including Digital Currency Group, Shasta Ventures, and PayPal co-founder Peter Thiel. Layer1 has its headquarters in San Francisco, with additional offices and an engineering presence in Texas, Europe, and China. To learn more about the company, please visit www.layer1.com.

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SOURCE Layer1 Technologies