⛏️ Publicly traded #Bitcoin miners surpassed $32 billion in sales during the first quarter of 2026, outpacing total sales for the entire year of 2025 and setting a new quarterly record. In this wave of sales, which included major companies such as #MARA, #CleanSpark, #Riot, #Cango, #CoreScientific, and #Bitdeer, hashprice remained around $33 per PH/s/day—below the break-even point of approximately $35, indicating that roughly 20% of miners operated at a loss. Due to rising hashrates, declining block rewards, and macroeconomic pressures, miners’ total Bitcoin reserves have also declined. Total holdings, which stood at approximately 1.86 million #BTC in 2023, fell to around 1.8 million BTC by 2026.