🤑 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.