Gate News message, April 17 — Listed Bitcoin miners collectively sold over 32,000 BTC during the first quarter of 2026, according to Cointelegraph and TheMinerMag data, surpassing the entire 2025 annual sales volume and setting a new quarterly record. Major participants included MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer.
Miner profitability faces mounting pressure as the current hash price stands at approximately $33 per day per PH/s, below the breakeven threshold of around $35 per day per PH/s for some mining operations.
According to CryptoQuant, Bitcoin miner reserves have declined from over 1.86 million BTC to approximately 1.80 million BTC since 2023.
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