Bitcoin (publicly traded)BTCMining companies have sold more BTC during Q1 of 2026 than they did in the four previous quarters in 2025 as conditions in the industry tighten.
Publicly listed BTC mining companies, such as MARA CleanSpark Riot Cango Core Scientific Bitdeer Bitdeer Bitdeer Bitdeer Bitdeer Bitdeer Bitdeer Bitdeer Bitdeer Bitdeer Bitdeeer Bitdeer Bitdeer Bitdeer Bitdeer Bitdeer Bitdeer Bitdeer Bitdeer collectively sold more than 32,000 BTC In Q1 of 2026 according TheEnergyMag.
The Q1 sale exceeded the 20,000 BTC that were sold during Q2 2022 in the cryptocurrency bear market caused by the collapse of the Terra-Luna ecosystemSetting a “new record” TheMinerMag stated that BTC miner sale in just one quarter was able to reach $500,000
According to a report by, hashprice – the computing costs and key metric of miner profitability – is at record lows under $35 for every petahash/second/day (PH/s). data Hashrate Index
This $35 per hour hash rate is the minimum breakeven level for Bitcoin miners. 20% of the mining industry in unprofitable territory.
BTC has been selling at a high rate as the mining sector struggles to compete with an increased level of competition represented by a rising hashrateThe total amount of computing power used by the miners in order to protect the network.
Related: Bitcoin miners face a tougher road to the 2028 halving
BTC owned by mining companies has declined over time while Treasury Companies pour in
According to a report by Reuters, the Bitcoin Miner Reserve (a metric that tracks all BTC owned by miners) has gradually decreased since 2023. CryptoQuant.
Bitcoin miners had collectively over 1,86 million BTC by the year 2023. However, they only held about 1.8 millions BTC as of the date of this publication.
Mining companies sell BTC in order to pay for operating expenses. But a combination between lower prices of crypto and higher energy costs forced many miners offload the coins they were holding within their corporate treasurers.
“We expect further capitulation among higher-cost operators in H1 2026 unless BTC’s price recovers materially,” CoinShares reported in Q1 of 2026 Bitcoin Mining that it is a good time to invest. Report.
Bitcoin Treasury companies like Strategy are a stark contrast to miners who have been selling the largest crypto.
Michael Saylor co-founded the world’s largest Bitcoin Treasury Company earlier this week. Strategy is acquiring more BTCAs the price fell from the high local of more than $73,000 that was reached in this past week.
“Think bigger,” Saylor said On Sunday, Strategy shared the chart that shows its BTC purchases in recent years. This has come to be synonymous with upcoming BTC acquisitions.
Magazine: Bitcoin mining industry ‘going to be dead in 2 years’: Bit Digital CEO
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Source: cointelegraph.com
