#PowellRemarks

🚨📣: Public Bitcoin mining companies resumed their sell-off in March, selling more than 40% of their monthly Bitcoin production, the highest liquidation rate since October 2024.

This move reflects increasing financial pressure amid falling retail prices and global trade tensions.

Mining companies like Cleanspark are selling portions of their production to cover operational costs and support expansion plans.

Other companies, such as HIVE, Bitfarms, and Ionic Digital, sold more than 100% of their March production.