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I am new to Ethereum. I've just installed the Mist Wallet, and I find that it keeps the CPU running HOT. Is the wallet a node on the Ethereum Network? If so, should I be able to mine stuff?

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If you run the Mist wallet you run a node.

I find that it keeps the CPU running HOT

The reason should be that your wallet is syncing to the blockchain.

should I be able to mine stuff?

I've made my small research and I haven't found any proofs that you can mine using the Mist Wallet and have a reward for your work. People suggest connecting to mining pools and using software like Claymore or Ethermine if you actually want to mine and be rewarded.


Ethereum Reddit similar question.
From Beginner's Guide to Ethereum Mining in 2017 - How to Mine Ethereum on Your PC.

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