Bitcoin Mining Companies Collectively Sold ~32,000 BTC in Q1 2026 - Tekedia

Public Bitcoin miners sold over 32,000 BTC in Q1 2026, a record quarterly amount and more than all of 2025's net sales.

MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer all cut or planned to cut BTC treasuries as mining margins tightened.

Weak post-halving economics, higher costs, and hashprice near breakeven levels forced miners to use BTC sales to fund expenses and debt service.

Many miners are also redirecting capital toward AI and high-performance computing data centers, signaling a shift in business models.