Centaurus Energy Shifts Focus From Oil and Gas to Crypto and Commodities Investments

Centaurus Energy Inc., a Calgary-based oil and gas company, has announced a major strategic pivot from energy operations to cryptocurrency investments, including assets like Ethereum (ETH) and Solana (SOL).

In a Jan. 8 statement, the company unveiled plans to discontinue its traditional business activities and rebrand as a Tier 2 Investment Issuer under the new name "Layer One Inc." with the trading symbol "LAYR." To support this strategic shift, Centaurus plans to secure up to $25 million in financing.

"We are excited to complete the final steps in Centaurus' Proposed Change of Business, with our primary focus on strategic investment in physical and digital commodities,” David D. Tawil, CEO of Centaurus, said.

The rebranding reflects Centaurus' intent to explore emerging opportunities in the digital asset space, a significant departure from its focus on oil and gas exploration and development. It also underscores the growing mainstream adoption and institutional interest in cryptocurrency.

From Energy to Crypto

This change follows the company’s 2023 sale of Madalena Energy Argentina S.R.L. Under its new business model, Centaurus plans to invest directly in cryptocurrency commodities, pursue corporate transactions, and acquire strategic equity stakes in related ventures.

Centaurus clarified that the shift is not expected to result in any changes to the company’s “insiders nor the persons who, directly or indirectly, control or direct the Company.”