GM, the SEC just declared Bitcoin miners exempt from SEC oversight “It is the Division’s view that “Mining Activities” […] do not involve the offer and sale of securities." "Accordingly, it is the Division’s view that participants in Mining Activities do not need to register transactions with the Commission.”

SEC.gov | Statement on Certain Proof-of-Work Mining Activities

Statement on Certain Proof-of-Work Mining Activities Division of Corporation Finance March 20, 2025