Bitcoin Miners Sell 32,000 BTC in Q1 2026, Surpassing All of 2025

Listed Bitcoin mining companies recorded sales of over 32,000 BTC in the first quarter of 2026.
This figure exceeds the total sales throughout 2025 and sets a new quarterly record.
Some major companies involved in this sale include Marathon Digital Holdings, CleanSpark, Riot Platforms, Core Scientific, Bitdeer, and Cango.
This sales surge occurs amid profitability pressures in the mining industry, where the hashprice is currently around $33 per PH per day, below the break-even level of about $35.
As a result, approximately 20% of miners are estimated to be operating at a loss.
This pressure is triggered by several factors, including increasing network hashrate, reduced block rewards after halving, and global macroeconomic conditions that are suppressing the market.
Additionally, total Bitcoin holdings by miners have also decreased, from around 1.86 million BTC in 2023 to about 1.8 million BTC currently.
This situation indicates that many miners are forced to sell their reserves to maintain cash flow and operations.
Selling pressure from miners is one of the factors that could influence Bitcoin price dynamics in the market.
This development confirms that the mining industry is facing an adjustment phase amid changing market and economic conditions.