"Several major public miners, including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer, have already sold more than 32,000 BTC in the first quarter of 2026, according to data analyzed by TheEnergyMag. This figure exceeds total net sales across all four quarters of 2025 and sets a new industry record."
"Just over a year ago, miners were accumulating aggressively, ending 2024 with a net addition of 17,593 BTC and pushing combined reserves above 100,000 BTC. The shift in strategy is notable given the current low hashprice and compressed margins."
"Mining profitability has compressed significantly, with network difficulty now roughly 10 times higher than in 2021 and block rewards cut in half in 2024. This has contributed to the recent wave of selling among public miners."
In the first quarter of 2026, major public miners sold more than 32,000 BTC, exceeding total sales for all of 2025. This marks a new industry record, surpassing the 20,000 BTC liquidated in Q2 2022. The shift follows a year of aggressive accumulation, with miners ending 2024 with a net addition of 17,593 BTC. Current mining conditions are challenging, with hashprice near all-time lows and profitability significantly compressed due to increased network difficulty and reduced block rewards.
Read at news.bitcoin.com
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