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Major Bitcoin Miners Flood Market With BTC to Stay Solvent Amid Rising Costs
Public Bitcoin miners sold more BTC in the first quarter of 2026 than in all of 2025, as low margins forced many operators to liquidate reserves to cover operating costs. The surge in sales comes even though Bitcoin’s price remains above the previous cycle peak, underscoring how rising difficulty and lower block rewards have squeezed profitability across the sector. Publicly traded miners including Marathon, CleanSpark, Riot, Cango, Core Scientific and Bitdeer sold more than 32,000 BTC in Q1 2026, based on preliminary disclosures and data compiled by TheEnergyMag. This already exceeds total net sales for all of ... (full story)