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Public bitcoin miners sold more than 32,000 BTC in Q1 2026, topping all of 2025

Publicly listed Bitcoin mining companies offloaded more than 32,000 BTC in the first quarter of 2026, exceeding their total sales for all of 2025 and marking a new quarterly high, Cointelegraph reported. Figures from TheMinerMag show the selling came from a group that includes MARA, CleanSpark, Riot, Cango, Core Scientific and Bitdeer. The report said the miner hash price is running at about $33 per PH/s per day, below an estimated breakeven level near $35 for some operators. CryptoQuant data also point to a continued drawdown in miner holdings, with Bitcoin miner reserves slipping from above 1.86 million BTC in 2023 to roughly 1.8 million BTC.
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