Global #Mining

In the evolving landscape of cryptocurrency, stories of dormant wallets suddenly coming to life capture the imagination of both investors and enthusiasts. Recently, a wallet that originally received its coins through mining on January 30, 2009, made headlines after transferring its holdings.

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.

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.

With a $4.2 billion market capitalization, a $800 million stock offering would cause a 19% share dilution for CLSK.