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Listed Bitcoin Miners Sold Over 32,000 BTC in Q1 2026, Exceeding Full-Year 2025 Total

GateNews

bitcoin news Capital Flow On-Chain Data Stocks

2026-04-17 07:01:44

BTC-1.26%

Gate News message, April 17 — Listed Bitcoin miners collectively sold over 32,000 BTC during the first quarter of 2026, according to Cointelegraph and TheMinerMag data, surpassing the entire 2025 annual sales volume and setting a new quarterly record. Major participants included MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer.

Miner profitability faces mounting pressure as the current hash price stands at approximately $33 per day per PH/s, below the breakeven threshold of around $35 per day per PH/s for some mining operations.

According to CryptoQuant, Bitcoin miner reserves have declined from over 1.86 million BTC to approximately 1.80 million BTC since 2023.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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