{"id":23127,"date":"2025-04-17T12:13:09","date_gmt":"2025-04-17T09:13:09","guid":{"rendered":"https:\/\/forklog.com\/en\/public-bitcoin-miners-ramp-up-sales\/"},"modified":"2025-04-17T12:13:09","modified_gmt":"2025-04-17T09:13:09","slug":"public-bitcoin-miners-ramp-up-sales","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/public-bitcoin-miners-ramp-up-sales\/","title":{"rendered":"Public Bitcoin Miners Ramp Up Sales"},"content":{"rendered":"<p>In March, public mining companies increased their Bitcoin sales, reaching the highest volume since October 2024, reports <a href=\"https:\/\/www.theminermag.com\/news\/2025-04-16\/bitcoin-miner-sale\">TheMinerMag<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Publichnye-majnery-bitkoinov-vozobnovlyayut-rasprodazhi-na-fone-usilivayushhegosya-sokrashheniya-pribyli-Google-Chrome.webp\" alt=\"Publichnye-majnery-bitkoinov-vozobnovlyayut-rasprodazhi-na-fone-usilivayushhegosya-sokrashheniya-pribyli-Google-Chrome\" class=\"wp-image-256838\"\/><figcaption class=\"wp-element-caption\">Data: TheMinerMag.<\/figcaption><\/figure>\n<p>Fifteen publicly traded miners sold more than 40% of their production last month. HIVE, Bitfarms, and Ionic Digital exceeded 100%.<\/p>\n<p>Following the U.S. presidential elections, industry participants adopted a more aggressive HODL strategy. In the fourth quarter of 2024, companies like Riot, Hut 8, and MARA even purchased additional Bitcoin to bolster their crypto reserves.<\/p>\n<p>The shift towards sales in March is attributed by experts to declining mining profitability amid stagnation of the <span data-descr=\"miners' revenue per unit of computational power used\" class=\"old_tooltip\">hash price<\/span> near its lowest levels and increasing uncertainty due to trade wars.<\/p>\n<p>Since January, Bit Digital, Argo, Terawulf, and Stronghold have stopped disclosing information about their cryptocurrency sales.<\/p>\n<p>CleanSpark confirmed plans to sell some of their mined Bitcoin to cover operational expenses and use reserves to finance business expansion.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Today CleanSpark announced we have expanded our capital strategy to include an increase in our credit facility with Coinbase Prime (Nasdaq: <a href=\"https:\/\/twitter.com\/search?q=%24COIN&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$COIN<\/a>) to $200 million. Additionally, <a href=\"https:\/\/twitter.com\/search?q=%24CLSK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$CLSK<\/a>&#8216;s Digital Asset Management team has officially launched its institutional grade Bitcoin treasury\u2026 <a href=\"https:\/\/t.co\/nv2Ahz2JwD\">pic.twitter.com\/nv2Ahz2JwD<\/a><\/p>\n<p>\u2014 CleanSpark Inc. (@CleanSpark_Inc) <a href=\"https:\/\/twitter.com\/CleanSpark_Inc\/status\/1912130548216050058?ref_src=twsrc%5Etfw\">April 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company had adhered to a policy of holding 100% of its digital gold production since mid-2023.<\/p>\n<h2 class=\"wp-block-heading\">&#8220;No Panic!&#8221;<\/h2>\n<p>CryptoQuant&#8217;s Axel Adler Jr. also linked the current increase in miner sales to economic pressure from trade tariffs. He stated that this does not resemble &#8220;capitulation or panic.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Miners are holding up well. Even with the recent price drop, their sentiment is on the rise -a clear sign they still believe in Bitcoin\u2019s long-term potential. <\/p>\n<p>The current wave of selling looks more like a response to economic pressure from trade tariffs than any sign of\u2026 <a href=\"https:\/\/t.co\/t5nVkcKv6Y\">pic.twitter.com\/t5nVkcKv6Y<\/a><\/p>\n<p>\u2014 Axel ?? Adler Jr (@AxelAdlerJr) <a href=\"https:\/\/twitter.com\/AxelAdlerJr\/status\/1912762220796076506?ref_src=twsrc%5Etfw\">April 17, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Miners are holding up well. Even with the recent price drop, their sentiment is on the rise \u2014 a clear sign they still believe in Bitcoin\u2019s long-term potential,&#8221; the analyst noted.<\/p>\n<\/blockquote>\n<p>According to <a href=\"https:\/\/studio.glassnode.com\/charts\/mining.HashRateMean?a=BTC&#038;category=&#038;ema=0&#038;mAvg=7&#038;mMedian=0&#038;s=1728305544&#038;u=1744761600&#038;zoom=\">Glassnode<\/a>, on April 8, the hash rate of the leading cryptocurrency (smoothed by a seven-day moving average) reached a peak of 925.4 EH\/s. After a slight pullback, it recovered to 905.5 EH\/s.\u00a0<\/p>\n<p><a href=\"https:\/\/explorer.cloverpool.com\/btc\/insights-difficulty\">It is forecasted<\/a> that the next difficulty adjustment will increase mining difficulty by 4%, further reducing profitability.<\/p>\n<p>Analysts <a href=\"https:\/\/u1f987.com\/en\/news\/analyst-highlights-discrepancy-between-bitcoin-hashrate-and-price\">described the divergence<\/a> between hash rate dynamics and Bitcoin price movement as concerning. Conversely, CryptoQuant <a href=\"https:\/\/u1f987.com\/en\/news\/cryptoquant-highlights-benefits-of-bitcoins-price-and-hashrate-divergence\">considered this a positive sign<\/a>, indicating the strength of the cryptocurrency&#8217;s fundamentals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In March, public mining companies increased their Bitcoin sales, reaching the highest volume since October 2024, reports TheMinerMag. Data: TheMinerMag. Fifteen publicly traded miners sold more than 40% of their production last month. HIVE, Bitfarms, and Ionic Digital exceeded 100%. Following the U.S. presidential elections, industry participants adopted a more aggressive HODL strategy. In the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137],"class_list":["post-23127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"113","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23127"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23126"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}