Blockspace: Ark Labs Raises $5.2M, CleanSpark on BTC Price, Luxor's Mining Outlook, and the IRS New Crypto Form

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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