Listed Bitcoin ($BTC) Mining companies’ sales increase $BTC The first quarter of 2026 is lower than all four quarters of 2025 due to tight mining conditions.
Listed $BTC Miners including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer sold more than 32,000 total $BTC According to TheEnergyMag, in the first quarter of 2026.
First quarter sales exceeded 20,000 units $BTC It was sold off in Q2 2022 during the crypto bear market caused by the collapse of the Terra-Luna ecosystem, setting a “new record.” $BTC According to TheMinerMag, the miner’s single quarter sales are as follows:
This revenue comes as hash price, the cost of computing and a key indicator of miner profitability, is at a record low of less than $35 per petahash per day (PH/s), according to Hashrate Index data.
This 35 PH/s level is the break-even point for many Bitcoin miners, especially those running older mining machines, and the current hash price of around 33 PH/s per day puts about 20% of the mining industry in unprofitable territory.
heavy $BTC The sales come as the mining industry struggles with increased competition, including rising hash rates, aggregate computing power spent by miners to secure the network, declining block rewards, and macroeconomic headwinds.
Related: Bitcoin miners face a tougher road ahead of the 2028 halving
$BTC Miners’ holdings have been declining over time, while finance companies have been receiving capital inflows.
Bitcoin Miner Reserve is an indicator that tracks all Bitcoin Miner Reserves. $BTC According to CryptoQuant, the assets held by miners will gradually decrease after 2023.
Bitcoin miners hold over 1.86 million in total $BTC By the end of 2023, it will only have about 1.8 million items. $BTC At the time of publication.
Miners periodically sell part of their assets. $BTC However, due to falling cryptocurrency prices and rising energy costs, some miners have been forced to release the coins they had stored in their treasury.
“We expect further capitulation of high-cost carriers in the first half of 2026, unless: $BTCPrices have recovered significantly,” asset management firm CoinShares said in its Bitcoin Mining Report for Q1 2026.
In contrast to miners’ selling stands Bitcoin treasury companies like Strategy, which has been regularly buying the largest cryptocurrencies.
Michael Saylor, co-founder of the largest Bitcoin treasury firm, hinted earlier this week that Strategy is pursuing further acquisitions. $BTCas prices retreated from local highs of over $73,000 reached this week.
“Think bigger,” Thaler said Sunday while sharing a chart of his strategy. $BTC Purchase history has become synonymous with urgency. $BTC Acquisition.
magazine: Bitcoin mining industry will “extinct within two years”: Bit Digital CEO
