Share this article
CEO of Bitcoin Mining Startup Layer1 Resigns in Settlement, Replaced by Ex-President
Alex Liegl has resigned as CEO to be replaced by fellow co-founder Jakov Dolic, who has rejoined the company.
By Zack Voell
Updated Sep 14, 2021, 10:43 a.m. Published Dec 15, 2020, 7:56 p.m.
The co-founder and CEO of bitcoin mining startup Layer1 Technologies, Alex Leigl, has resigned as part of a settlement between the firm's founders, according to a press release sent to shareholders and shared with CoinDesk.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Another co-founder, former President Jakov Dolic has rejoined the company as CEO and board chairman. The settlement includes the discontinuance of all legal proceedings and demands, the company said.
Founded in June 2019, the young company has fought controversy and legal battles for much of 2020. Dolic’s legal disputes originated when he sued Layer1 after claiming he invested millions of dollars and then was forced to leave the company, as CoinDesk previously reported.
Shortly after Dolic withdrew his lawsuit in November, Leigl filed a countersuit against Dolic and fellow shareholder Ivan Kirillov for malicious prosecution and shareholder misconduct.
Under Leigl, Layer1 also reportedly misdescribed the role of Liu Xiangfu, co-founder of Chinese bitcoin miner manufacturer Canaan and supposedly a core Layer1 team member, in an investor pitch deck.
Per the press release, Dolic and Liegl jointly stated, “Layer1 has a strong foundation for future growth, including mining operations with a capacity of 100MW, which the company will be expanding, and proprietary containerized solutions that will continue to drive Layer1’s operations.”
Leigl leaves the company just weeks after being named to Forbes 30 Under 30 list for 2021.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
KindlyMD Turns to Kraken as Fourth Provider for Bitcoin-Backed $210M Loan at 8%
An SEC filing shows the Kraken facility will be used to retire an outstanding Antalpha loan and requires significant bitcoin collateral.
What to know:
- KindlyMD turned to Kraken for a $210 million loan “bearing a fee of 8% per annum” with maturity on Dec. 4, 2026.
- The company said it will use the proceeds to satisfy its obligations to Antalpha Digital in full.
- Kraken becomes the company’s fourth financing source this year following earlier arrangements with Yorkville Advisors, Two Prime and Antalpha.
Top Stories
