Arkade Raises $5.1M, CleanSpark's on BTC Price, Luxor's Mining Outlook, and the IRS New Crypto Form

Mar 13, 2026

Guest

Jamie Gill

Guest

Rory Murray

Guest

Alex B

Alex B, Arc Labs ecosystem lead, builds programmable finance on Bitcoin with Arcade and Arc protocol. Rory Murray, CleanSpark executive, covers Bitcoin market structure and operational strategy under volatility. Jamie Gill from Luxor, ASIC brokerage lead, discusses secondary ASIC demand, firmware efficiency gains, and logistics impacts from geopolitical events. They dive into fundraising, mining outlooks, market behavior, and a new IRS crypto form.

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ADVICE

Offer Familiar Developer Tooling To Bring Web3 Devs To Bitcoin

Target developers and businesses that need advanced on‑chain guarantees; provide familiar compilers and tooling to attract Web3 engineers to Bitcoin.
Alex B said Arcade will ship modern dev experience and languages so Solana/DVM devs can build on Bitcoin.

INSIGHT

Beach Ball Price Dynamics From Tight Float And Episodic Flows

Market action felt like a 'beach ball' — repeated pops up and down driven by constrained supply and episodic flows such as ETF-like bids.
Rory Murray explained smaller free float (Saylor buys etc.) magnifies flows and creates outsized moves.

ANECDOTE

Institutional Loans Saw Real But Orderly Liquidations

Two Prime's loans are institutional sized (minimum $10M, average ~$60M) and they experienced their first client liquidation in this drawdown.
Alex Bloom noted some borrowers repaid early and others were liquidated, highlighting orderly but real institutional stress.

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Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin.

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.

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.

👉Luxor, Blockspace's preferred mining pool

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

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