Analysis: Bitcoin Miners’ Selling Pressure Intensifies; Efficient Miners’ Costs Drop to ~$45,000
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Analysis: Bitcoin Miners’ Selling Pressure Intensifies; Efficient Miners’ Costs Drop to ~$45,000
According to on-chain data platform CryptoQuant (@cryptoquant_com), Bitcoin miners’ selling pressure has intensified. MARA announced a new policy permitting the sale of its Bitcoin reserves and transferred 298 BTC to Cumberland; Core Scientific recently sold 2,174 BTC. MARA’s current average mining cost stands at approximately $70,027 per BTC, while highly efficient miners can achieve costs as low as roughly $45,000 per BTC. Multiple mining companies are selling Bitcoin to strengthen their balance sheets and fund expansion of AI infrastructure.
Navigating Web3 tides with focused insightsTechFlow news: On March 11, according to on-chain data platform CryptoQuant (@cryptoquant_com), Bitcoin miners’ selling pressure has intensified. MARA announced a new policy permitting the sale of its Bitcoin reserves and transferred 298 BTC to Cumberland; Core Scientific recently sold 2,174 BTC. MARA’s current average mining cost stands at approximately $70,027 per BTC, while efficient miners’ costs can be as low as roughly $45,000 per BTC. Multiple mining companies are selling BTC to strengthen their balance sheets and fund expansion of AI infrastructure.
