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🔥North American listed mining companies sell 32k Bitcoin in Q1, setting a single-quarter record
According to TheMinerMag data, in the first quarter of 2026, publicly traded Bitcoin mining companies including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer sold a total of over 32k BTC, exceeding the total for the entire previous year, and even surpassing the bear market sell-off level triggered by the Terra-Luna collapse in Q2 2022, setting a new quarterly record.
The background for this sell-off is that the key metric measuring miners' profitability, "hashprice," dropped to a historic low of less than $35 per PH/s per day, with about 20% of miners already in loss. Asset management…
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