Major Bitcoin Mining Companies Sold More BTC in Q1 2026 Than All of 2025
Cointelegraph
Publicly traded Bitcoin mining companies sold over 32,000 BTC in Q1 2026, surpassing total sales for 2025 due to low profitability.Summary
Public Bitcoin mining companies, including MARA, CleanSpark, and Riot, offloaded over 32,000 BTC in the first quarter of 2026, exceeding their total sales for the entire year of 2025. This record-breaking liquidation is driven by extreme industry pressure, as hashprice metrics hit historic lows near $33 per petahash/second, rendering approximately 20% of the industry unprofitable. Miners are struggling with rising energy costs, reduced block rewards, and intense competition, forcing them to sell treasury holdings to cover operating expenses.
(Source：Cointelegraph)