Preheat the oven to 350ºF. Line an 8-inch springform pan** with parchment paper and grease with butter or nonstick cooking spray; set aside.
In a medium bowl, stir together the boiling water, espresso powder, and semi-sweet chocolate until chocolate has dissolved and mixture is smooth. Set aside to cool.
In a large mixing bowl, whisk together the flour, granulated sugar, brown sugar, cocoa powder, baking soda, baking powder, and salt until combined.
In another bowl, whisk together the egg, buttermilk, vegetable oil, and vanilla. Pour wet ingredients into the dry ingredients and stir until smooth. Add the cooled espresso-chocolate mixture, stirring until just combined.
Pour batter into prepared pan and bake in the oven for 31-33 minutes, or until a toothpick inserted in the center of the cake comes out with few crumbs attached. Remove from the oven and allow to cool completely.
Once completely cool, wrap either acetate or parchment paper (about 6 inches wide) around the edges of the cake to create a "wall". Secure cake with the sides of the springform pan or an adjustable cake ring.