According to Cointelegraph, listed Bitcoin mining companies sold over 32,000 BTC in total during the first quarter of 2026, surpassing the entire year's total sell-off in 2025 and setting a new quarterly record. Data from TheMinerMag indicates that the companies involved include MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer. The report also notes that the current miner hash price is approximately $33 per PH/s daily, below the break-even point of around $35 for some mining firms. Additionally, according to CryptoQuant data, Bitcoin miner reserves have declined from over 1.86 million BTC to approximately 1.8 million BTC since 2023.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
