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🤑 In April, public mining companies sold around 70% of the BTC they mined — the highest level since October 2024.
Riot and CleanSpark ditched their HODL strategy and sold off most of their mined coins, while MARA, Cango, and BitFuFu held onto everything.
The reason?
Mining profitability has dropped due to increased network difficulty, despite BTC trading above $100,000.
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