Public Bitcoin Miners Dump 32,000 BTC in Q1 2026: Report
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Public Bitcoin miners sold >32,000 BTC in Q1 2026, exceeding total net sales in 2025 and the ~20,000 BTC move during the Terra‑Luna crash; major sellers include MARA, CleanSpark, Riot, Cango, Core Scientific and Bitdeer. Hashprice is $33 per PH/s vs. a $35 breakeven, leaving ~20% of miners unprofitable and creating near‑term sell pressure and potential liquidity stress ahead of pending Q1 earnings. American Bitcoin accumulated ~7,000 BTC while peers sold into weakness, a mixed signal for crypto adoption and market dynamics in mining and institutional flows.
Predictions Markets
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- Public miners sold 32K+ BTC in Q1 2026, surpassing 2025 and Terra-Luna levels.
- Hashprice at $33 per PH/s is below $35 breakeven, as 20% of miners operate at a loss.
- American Bitcoin accumulates 7000 BTC while most peers sell into market weakness.
Public Bitcoin miners have sold more than 32,000 BTC in the first quarter of 2026, a figure that already exceeds total net sales across all four quarters of 2025 and sets a new industry record, surpassing the roughly 20,000 BTC liquidated during the Terra-Luna market collapse in 2022.
The miners driving the sell-off include some of the sector’s largest names: MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer. First-quarter earnings reports are still pending, meaning the final figure could be higher.
Why Miners Are Selling
The pressure comes from multiple directions, hitting simultaneously:
- Hashprice sit…
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