According to on-chain data platform CryptoQuant (@cryptoquant_com), selling pressure from Bitcoin miners has intensified. MARA announced a new policy permitting the sale of its Bitcoin reserves, transferring 298 BTC to Cumberland; Core Scientific recently sold 2,174 BTC. MARA’s current average mining cost is approximately $70,027 per BTC, while efficient miners can operate as low as around $45,000 per BTC. Several mining companies are selling to strengthen their balance sheets and fund expansion of AI infrastructure.
Bitcoin miners face increased selling pressure, with efficient miners costing as low as $45,000.
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Summary
Bitcoin breaking news: Miners are facing heightened selling pressure, with MARA transferring 298 BTC to Cumberland and Core Scientific selling 2,174 BTC. MARA’s mining cost is approximately $70,027 per BTC, while efficient operators operate at around $45,000. The sales are intended to strengthen balance sheets and fund AI infrastructure. Bitcoin news indicates miners are prioritizing liquidity amid evolving market conditions.
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