North American publicly traded mining companies sold 32,000 bitcoins in Q1, surpassing the total for the entire previous year and setting a new record for a single quarter.

April 17th, 2026 Data from TheMinerMag reveals that publicly traded Bitcoin mining companies—including MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer—collectively sold over 32,000 BTC in Q1 2026. This total exceeds their combined sales for all of last year, and even surpasses the sell-off volume seen during the Q2 2022 bear market triggered by the Terra-Luna crash. It marks a new quarterly record for BTC sales by these firms. The sell-off follows a historic drop in hashprice—a key metric tracking miner profitability—to under $35 per day per PH/s. Roughly 20% of miners are now operating at a loss. Asset management firm CoinShares noted in a report: “Unless Bitcoin’s price stages a meaningful recovery, high-cost miners will face further capitulation in the first half of 2026.”