Russian energy companies are reportedly gearing up to crack down on private cryptocurrency miners and individuals mining cryptoassets at home, as per a report on May 12 by the media outlet Izvestia.
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According to new data, mining Bitcoin (BTC) may not be as profitable as it once was. Bloomberg reports that the profitability of mining Bitcoin is getting dangerously close to a record low, not seen since the days after FTX collapsed, which presents serious difficulties for those tasked with maintaining network security.
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With a $4.2 billion market capitalization, a $800 million stock offering would cause a 19% share dilution for CLSK.
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