Bitcoin miners face increased selling pressure, mining costs fluctuate between 45,000 to 70,000 USD

LazyDevMiner · 2026-03-23T16:11:28+00:00

The article discusses a surge in Bitcoin selling by major mining firms, reflecting a shift in their strategies for optimizing profits and capital management. Companies like Marathon Digital and Core Scientific are adjusting their operations to enhance financial stability and invest in innovative projects. Differences in mining costs among firms indicate varying competitiveness, suggesting the Bitcoin mining market is maturing, where operational efficiency will be crucial for survival and growth.

LazyDevMiner

2026-03-23 16:11:28

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CryptoQuant blockchain data platform recently detected a surge in Bitcoin selling flows from miners, indicating major industry players are ramping up reserve liquidation campaigns. This phenomenon reflects a shift in mining companies’ strategies as they balance mining profits with strategic moves.

Selling pressure from leading miners

Marathon Digital (MARA) recently announced a new policy allowing it to sell part of its Bitcoin reserves. The company transferred 298 BTC to Cumberland Advisors, marking a significant change in their asset management strategy. At the same time, Core Scientific sold 2,174 BTC, showing a common trend in the mining community—these companies are seeking to optimize their financial structures.

Mining costs: Divergence among miners

Currently, MARA’s average mining cost is around $70,027 per BTC, but more efficient miners can operate with costs as low as $45,000. This difference exceeds 55% between companies, reflecting varying strategies in managing energy, technology, and operational scale. Lower-cost miners will have a competitive advantage when Bitcoin prices fluctuate.

The purpose behind liquidation strategies

These companies explain that current Bitcoin sales aim to strengthen their balance sheets and raise capital for expansion projects, especially in AI infrastructure. By converting some Bitcoin into cash, miners are preparing for a new growth phase where they can invest in advanced technology and enhance mining power.

This trend indicates the Bitcoin mining market is entering a mature stage, where operational efficiency and mining costs will be key factors determining the survival and growth of industry players.

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