Riot Platforms, a leading Bitcoin mining company, has intensified its Bitcoin liquidation efforts, transferring $39 million worth of BTC to institutional broker NYDIG. On-chain data reveals that Riot has been consistently offloading its Bitcoin reserves, with daily transfers ranging from 60 to 125 BTC over the past two weeks. This follows a previous large transfer of 500 BTC, highlighting the company's ongoing strategy to manage operational costs amid rising mining difficulties. The trend of Bitcoin miners liquidating their holdings is becoming more pronounced as companies like MARA and Core Scientific adjust their strategies. MARA has sold over 15,000 BTC, valued at approximately $1.1 billion, as part of its revised funding policy. Meanwhile, Core Scientific plans to fully exit its Bitcoin holdings by the end of Q1 2026. These moves come in response to the recent Bitcoin halving, which reduced block rewards by 50%, and the increasing network mining difficulty, prompting miners to upgrade equipment and expand infrastructure to maintain profitability.
Major Bitcoin Miners Intensify BTC Liquidation Amid Market Pressures
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