🟠 In April, mining companies sold about 70% of the mined bitcoins.
According to TheMinerMag, only MARA, Cango, and BitFuFu retained all of their production. Riot Platforms and CleanSpark officially abandoned the policy of full retention of cryptocurrency.
Analysts associate the sales with pressure on profitability due to the technical parameters of the network.
Despite the rise of bitcoin above $100,000 and the decrease in mining difficulty, the hash price was only $55 per PH/s per day, which is lower than the December peaks of around $63.
