In this week’s news, we hit Ark Labs raising from Tether, CleanSpark and Two Primes’ take on Bitcoin price action, and how the IRS is trying to get more info about your digital asset stack.
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Welcome back to Blockspace! Today, Alex B, Ecosystem Lead at Ark Labs joins us to talk about their massive $5.2M raise led by Tether and the push for programmable finance on Bitcoin. We also sit down with Rory Murray of CleanSpark and Alex Bloom of Two Prime to discuss the "beach ball" state of the market and how institutional lenders are navigating high volatility. Finally, we expose the IRS’s new 1099-DA form "perjury trap" and settle the debate on when the 20 millionth Bitcoin was actually mined.
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Notes:
* Ark Labs raised a $5.2M seed round led by Tether.
* Bitcoin rose 10% in five days, hitting $74,000.
* US stock market lost $1 trillion in a single day.
* Hash price sits near an all-time low of $27.
* The 20,000,000th Bitcoin was mined this week.
* IRS Form 1099-DA is labeled a "perjury trap."
Timestamps:
00:00 Start
01:55 Bitcoin price action
04:29 Hashrate Index update by Luxor
08:58 Ark Labs seed round
30:43 CLSK & Two Prime
46:50 Luxor & ASIC prices
1:00:33 IRS trap
1:07:45 Binance & CZ
1:19:39 Cry Corner: 20M BTC Mined
👉CleanSpark
CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.
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Bitcoin mining revenue changes every day. Difficulty adjusts. Fees move. Prices shift. And that makes it hard to plan. Luxor Pool’s Fixed Payouts let miners lock in revenue at a guaranteed daily rate for up to 18 months. According to Hashrate Index, miners who used rolling fixed payout strategies since the last halving have outperformed FPPS mining by up to 15 percent. Fixed Payouts give you predictable daily revenue, so you can plan, budget, and grow with confidence. With Luxor, uncertainty is optional. Learn more at luxor.tech/mining
