Listed crypto mining companies sold more Bitcoin in Q1 2026 than in the entire year of 2025.

CoinFeed reported on April 17th, citing Cointelegraph, that publicly traded Bitcoin mining companies, including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer, sold over 32,000 Bitcoins in the first quarter of 2026, exceeding the total sales volume for the entire year of 2025 and setting a new record for single-quarter mining company sales. The previous record was 20,000 Bitcoins sold during the Terra-Luna crash in the second quarter of 2022. Currently, the hashrate price has fallen to a historic low of below $35 per PH/s per day, with the level of approximately $33 leaving about 20% of miners operating at a loss. Miners face multiple pressures, including rising hashrate, halving of block rewards, and macroeconomic headwinds.