{"id":2517,"date":"2026-04-19T22:56:45","date_gmt":"2026-04-19T22:56:45","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2517"},"modified":"2026-04-19T22:56:45","modified_gmt":"2026-04-19T22:56:45","slug":"bitcoin-mining-firms-sell-more-btc-in-q1-2026-than-entire-2025-total","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/19\/bitcoin-mining-firms-sell-more-btc-in-q1-2026-than-entire-2025-total\/","title":{"rendered":"Bitcoin Mining Firms Sell More BTC in Q1 2026 Than Entire 2025 Total"},"content":{"rendered":"\n
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Publicly traded Bitcoin mining companies offloaded more than 32,000 BTC in the first quarter of 2026, marking what appears to be the largest quarterly sell off ever recorded, based on data from Miner Weekly.<\/p>\n\n\n\n

This figure already surpasses the total amount of Bitcoin sold across all of 2025, even though some companies have yet to release complete reports for the quarter.<\/p>\n\n\n\n

Wave of Miner Liquidations<\/strong><\/p>\n\n\n\n

Leading firms behind the selling include MARA, CleanSpark, Riot Platforms, Cango, Core Scientific, and Bitdeer. Together, these companies significantly reduced their Bitcoin reserves as mining conditions became more challenging at the start of the year.<\/p>\n\n\n\n

The scale of this sell off rivals previous periods of industry stress. It exceeds the roughly 20,000 BTC sold in the second quarter of 2022, when the market faced major disruption following the Terra Luna collapse.<\/p>\n\n\n\n

This marks a sharp reversal from 2024, when miners were accumulating Bitcoin. By the end of that year, they had added about 17,593 BTC, pushing total holdings beyond 100,000 BTC.<\/p>\n\n\n\n

The shift toward selling comes as mining profitability continues to decline. Hashprice, which measures revenue per unit of computing power, has dropped to near historic lows in the low $30 per petahash per second range.<\/p>\n\n\n\n

At these levels, profit margins are heavily squeezed, especially for miners using older equipment or dealing with higher electricity costs. Holding onto newly mined Bitcoin has become increasingly difficult under these conditions.<\/p>\n\n\n\n

Several structural factors have contributed to this pressure. Since China\u2019s mining ban in 2021, global mining capacity has expanded rapidly, driving up the total network hash rate. In addition, the Bitcoin block reward was reduced in 2024, while mining difficulty has surged to about ten times the level seen in 2021. This has intensified competition across the sector.<\/p>\n\n\n\n

Even though Bitcoin prices remain relatively strong compared to past cycles, despite pulling back from highs above $120,000, rising network difficulty has offset much of the potential revenue gains. As a result, many miners have opted to sell their holdings to stay afloat.<\/p>\n\n\n\n

The impact is not evenly distributed across the industry. Some companies face greater financial strain depending on factors such as operational efficiency, energy costs, and access to funding.<\/p>\n\n\n\n

Shift Toward Energy Focus<\/strong><\/p>\n\n\n\n

Beyond financial pressures, some analysts believe the identity of Bitcoin mining is evolving. Paul Sztorc, CEO of LayerTwo Labs, argued that the industry is undergoing significant change and pointed to several examples.<\/p>\n\n\n\n

He highlighted that MinerMag has rebranded to Energy Mag, while the Mining Stage at Bitcoin 2026 has been renamed the Energy Stage. These changes suggest a broader shift in how the sector is being positioned.<\/p>\n\n\n\n

Sztorc also noted that MARA removed direct references to Bitcoin from its website about two years ago. Similarly, Cormint has dropped the exahash metric from its platform, a standard measure traditionally used to indicate mining scale.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Publicly traded Bitcoin mining companies offloaded more than 32,000 BTC in the first quarter of 2026, marking what appears to be the largest quarterly sell off...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2517","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2517"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2517\/revisions"}],"predecessor-version":[{"id":2519,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2517\/revisions\/2519"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}