Bitcoin miners are being forced to sell their wares to make ends meet as the cryptocurrency’s fortunes sag somewhere in the range of USD$80,000, which is considerably down from its six-figure all time high set with Trump’s inauguration.
Data firm CryptoQuant said in a Tuesday report that miners sold 15,000 BTC on April 7, marking the third-largest daily outflow this year. Based on the day’s low price of under USD$75,000, the sale was worth at least USD$1.12 billion. Bitcoin is presently trading at approximately USD$84,000 at the time of writing.
President Trump’s erratic tariff announcements drove increased market volatility across both the stock market and the crypto sphere, leaving traders uncertain about how to respond.
Miners—large industrial operations that use specialized computers to process transactions and mint new coins for the cryptocurrency network—earn Bitcoin as a reward for their work. However, when the coin’s price drops, they often struggle to cover operating costs and may be forced to sell more Bitcoin to keep their businesses afloat.
“Miner margins have been pressured by lower prices, but also with depressed transaction fees, and a record-high Bitcoin network hash rate, which implies higher mining costs, sending their average operating margins down from 53 per cent in late January to 33 per cent today,” CryptoQuant said.
President Trump promised to support the crypto industry—especially Bitcoin miners. Since taking office, he has approved a national Bitcoin strategic reserve and directed the SEC to drop several high-profile lawsuits against crypto firms.
Despite this backing, mining remains a tough business. At this year’s Mining Disrupt conference, miners expressed optimism about the future. However, they also acknowledged that rising mining difficulty and operational costs will continue to challenge the industry.
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The issue goes far beyond just selling Bitcoin
In 2025, several major Bitcoin mining companies have been forced to liquidate not only Bitcoin but also other assets to meet financial obligations. A combination of falling Bitcoin prices, rising mining difficulty, and shrinking transaction fees has created a tough operating environment.
CleanSpark Inc (NASDAQ: CLSK) sold 14.23 BTC in March 2025 despite mining over 700 coins that month. The company continues to build out large facilities across Mississippi, Georgia, and Wyoming. Still, the decision to sell highlights the growing pressure to free up cash.
Meanwhile, Core Scientific Inc (NASDAQ: CORZ) reduced operations in early 2025. The firm cut its hashrate, removed 3,000 machines, and curtailed its power use. It even redirected over 48,000 MWh of power to local grids—an uncommon move for a miner trying to conserve margins. The company’s reduced production reflects broader industry strain.
In addition, DMG Blockchain Solutions Inc (CVE: DMGI) reported holding 431 BTC in its treasury in January 2025. Although it’s still mining, the company has leaned into infrastructure upgrades, including a shift toward hydro-based liquid cooling. That investment is long-term, but costly now. As a result, DMG has also indicated it may sell additional holdings if needed.
In each case, these firms aren’t just selling Bitcoin—they’re scaling back operations, selling energy, and reevaluating business lines. Selling coins alone no longer bridges the financial gap. Companies are under pressure to restructure and adapt.
This trend marks a shift in strategy. Bitcoin miners are no longer just hoarding coins. Many are liquidating assets to survive in a volatile and competitive environment.
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