Bitcoin Miners Sell 28,000 BTC Worth $2B Amid Rising Costs

Bitcoin Miner Sells BTC to Fund AI Data Center Pivot

The company said the sale reduced its debt by approximately $30 million and strengthened liquidity to support the Michigan site, according to the company's announcement . For related coverage, see Bitdeer Sells 274.Read more...

Another public company abandons Bitcoin playbook after treasury volatility drove $22 million loss

KULR Technology Group has exited Bitcoin mining, repaid its Coinbase debt, and begun selling its BTC holdings as the battery technology company shifts capital back toward its core business. The retreat marks a sharp reversal from the Bitcoin accumulation strategy KULR launched in late 2024, which allowed up to 90% of surplus cash to be deployed into the cryptocurrency. KULR purchased no Bitcoin during the first half of 2026 after spending $69.9 …

Bitcoin Miner Selling Hits $1.78B As Production Costs Surge

Bitcoin miners are facing growing financial pressure in 2026 as production costs remain above Bitcoin’s market price. Publicly traded mining companies have reportedly sold around 28,000 BTC this year, worth approximately $1.78 billion at current prices. The sales have reduced their combined Bitcoin reserves from about 127,000 BTC at the start of the year to […]

Bitcoin miners sell 28,000 BTC worth $2B amid rising costs

Bitcoin miners' shift to AI and data centers highlights a strategic pivot, potentially reshaping the industry's future profitability landscape. The post Bitcoin miners sell 28,000 BTC worth $2B amid rising costs appeared first on Crypto Briefing .