“In April, exchange mining companies sold about 70% of the bitcoins. About it reports Theminermag with reference to previous reports of eight firms. Source: Theminermag. In total, the publication monitors 15 public players in the industry. After the Bitfarms and Stronghold merger, as well as the termination of regular Bit Digital, ARGO and Terawulf reporting, the analytics covers only current reports of active companies. Hodl strategy departure, popular last year, became noticeable back in March- […]”, – WRITE: Businessua.com.ua
In April, exchange mining companies sold about 70% of the bitcoins. About it reports Theminermag with reference to previous reports of eight firms.
Source: Theminermag.
In total, the publication monitors 15 public players in the industry. After the Bitfarms and Stronghold merger, as well as the termination of regular Bit Digital, ARGO and Terawulf reporting, the analytics covers only current reports of active companies.
The departure from HODL strategy, popular last year, became noticeable in March-then the sales volume reached a maximum since October 2024.
Riot Platforms and Cleanspark has officially abandoned the 100% saving policy. In April, Riot sold over 100% of the cryptocurrency obtained, Cleanspark – about 65%.
Only three companies – Mara, Cango and Bitfufu – have completely retained all the BTC extracted. According to Bitcointreasuries, Mara reserves have increased to 48 237 BTC, which is inferior only to Strategy with its 555 450 BTC.
Source: Bitcointreasuries.
Despite the decline in accumulation, Riot and Cleanspark continue to keep 19 211 BTC and 11 869 BTC respectively.
Pressure on profitability increases Experts explain the active sales of increasing mining costs and changes in the network parameters. Even despite the bitcoin rise in over $ 100,000, Hashpris In April, only $ 55 per pH/s per day – below the local peak of $ 63 in December.
Source: Hashrate Index.
After the last correction of complexity by 3.34%, the average hashprewis has only increased by ~ 8.5% since the beginning of the year.
The seven -day skating hashtit (7dma) almost returned to the record mark 925.43 eh/s, fixed on April 8.
Source: Glassnode.
In April, public miners continued to increase their capacity. The connected Hashrait Mara reached 57.3 eh/s (+5.5% per month), Iren – 40 EH/S (+8%). The company approached Cleanspark, which holds the second place with 42.4 eh/s (unchanged).
Recall that some analysts have warned that the gap between the rate of price growth of bitcoin and hashrait can carry risks to network safety. Cryptoquant instead called it a sign of strong BTC fundamental factors.
The gun
Please wait …