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Public Bitcoin Miners Sell Record Amount of BTC in Q1 2026
Public Bitcoin miners sold over 32,000 BTC in the first quarter of 2026, setting a new industry record. This figure surpasses the net sales of 2025 and the liquidation of 20,000 BTC during the Terra-Luna collapse in Q2 2022.
The hash price, hovering around $30 per PH/s, has significantly impacted miners' profit margins. Major industry players such as MARA Holdings, CleanSpark, Riot Platforms, Cango, Core Scientific, and Bitdeer were among the sellers. Riot Platforms reported selling 3,778 BTC for nearly $289.5 million, while Core Scientific sold approximately 1,900 BTC in January, amounting to around $175 million.
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“Public Bitcoin miners have sold their BTC holdings at a pace not seen since the lows of the last crypto bear market, as ongoing weakness in the mining economy forces operators into survival mode,” stated TheEnergyMag.
This record sale marks a critical moment for the public mining sector. If the hash price does not increase significantly or if Bitcoin does not experience a strong rally, this liquidation could signal the beginning of a larger market consolidation.
Key Takeaways:
- 32,000 BTC sold in Q1 2026, a record for public miners.
- Hash price at $30 per PH/s, affecting profit margins.
- Potential for market consolidation if conditions do not improve.
HIVE Seeks $75 Million for AI Expansion
HIVE Digital Technologies is planning to raise $75 million through a private issuance of convertible senior notes to finance its expansion into artificial intelligence (AI) infrastructure. This move reflects the company's strategy to diversify beyond cryptocurrency mining.
The company aims to issue zero-coupon notes maturing in 2031, with investors having the option to purchase an additional $15 million. The proceeds will be used for capital investments, including the acquisition of GPUs and the development of data centers.
Despite reporting a revenue of $93.1 million in the last quarter, which is more than triple compared to the previous year, HIVE faced a net loss of $91.3 million primarily due to write-downs related to its expansion in Paraguay.
Key Takeaways:
- HIVE aims to raise $75 million for AI infrastructure.
- Revenue increased to $93.1 million, but net loss of $91.3 million reported.
- Company diversifying beyond Bitcoin mining into high-performance computing.
CleanSpark Reports Strong Bitcoin Output
CleanSpark (CLSK) saw its stock rise by 14.0% following the announcement of its strong Bitcoin production results for March 2026. The company reported an output of 658 BTC, with an average daily production of 21.24 BTC and a peak of 23.01 BTC in a single day, supported by an operational hash rate of 50.0 EH/s.
CleanSpark's participation in an AI-focused investor conference highlights its growing role in the AI infrastructure narrative. The company’s consistent production and hash rate are seen as positive indicators for its future prospects, despite ongoing risks associated with the Bitcoin economy and capital-intensive operations.
Key Takeaways:
- CleanSpark produced 658 BTC in March 2026.
- Stock increased by 14.0% following production announcement.
- Company is positioning itself within the AI infrastructure space.
Sources:
- Öffentliche Bitcoin-Miner verkaufen im ersten Quartal 2026 Rekordmenge von 32.000 BTC, Margen brechen ein
- Der Krypto-Miner HIVE strebt eine Kapitalbeschaffung in Höhe von 75 Millionen Dollar an, um seine KI-Expansion zu finanzieren
- CleanSpark (CLSK) steigt um 14,0% nach starkem Bitcoin-Output im März und AI Infra Spotlight - hat sich der Bullenfall geändert?
