The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

CryptoMediumUpdated×2•Originally published 6 March 2026•Updated 6 March 2026•

1 min read

Bitcoin Miners Accelerate Sell-off as Bitdeer Exits and Cango Liquidates Holdings

A composite image showing Bitcoin coins, financial dashboards with charts and data, and arrows indicating capital outflow and fund withdrawal.

Key Facts

1Publicly listed Bitcoin mining companies have sold more than 15,000 BTC since October.

3 months ago

Version History

Version 23 months ago

What changed: The story was updated to include specific sales data from Cango, Bitdeer, and Riot, along with Core Scientific's future liquidation plans for Q1.

Version 13 months ago

What changed: Updated to include debt pressure and tightening margins as key drivers for the sell-off, alongside the strategic shift away from the 'HODL' policy.

The Bitcoin mining industry is undergoing a radical shift in financial strategy, with Cango selling 4,451 BTC and Bitdeer announcing a full exit from its cryptocurrency positions. These moves follow the liquidation of over 15,000 BTC by public firms after prices hit record highs, driven by mounting debt and tightening margins. Riot also joined the sell-off in December, while Core Scientific revealed plans to liquidate an additional 2,500 BTC in the first quarter of the year. This trend marks a clear departure from the traditional 'HODL' strategy as companies prioritize liquidity for operational continuity. Investors are closely monitoring the impact of this increased supply on the BTC/USD pair and major mining stocks like MARA and RIOT. Analysts suggest that restructuring balance sheets has become a top priority for miners to ensure long-term sustainability amidst current market volatility. This wave of institutional selling underscores a defensive pivot toward cash preservation over long-term asset appreciation.