Bitcoin miner Riot Platforms sold 3,778 BTC in the first quarter of 2026, raising nearly $290 million in cash and reducing its holdings by about 18%. Several mining companies have cut their positions as well, reflecting rising funding pressure. Despite weakening market demand, some institutions are still accumulating Bitcoin, indicating that demand is concentrating toward participants with stronger financial capacity. In the short term, the price trend will be influenced by the clash between supply and demand.

One of the largest Bitcoin mining companies in the world, MARA, will lay off about 15% of its employees. The CEO said this is part of the company’s strategic transformation as it moves into the energy and AI sectors. MARA is also selling Bitcoin to repay its debts, and it expects a net loss of $1.3 billion in 2025. Affected employees will receive corresponding compensation.

Gate News update, April 2, on-chain analytics platform Lookonchain monitoring shows that Bitcoin mining firm Riot Platforms has again sold 500 BTC, worth approximately $34.13 million. Data shows that the company’s total sell-off this month has already exceeded 1,000 BTC.

Gate News update. April 1, according to monitoring by Lookonchain, Bitcoin miner Riot Platforms appears to have sold 500 BTC about 2 hours ago, worth approximately $34.13 million.

Cango Inc. completes a $65 million strategic investment, issues 49,242,424 shares of common stock to members of the board of directors, and signs a securities purchase agreement with DL Holdings to issue a $10 million convertible note and warrants for acquisitions and infrastructure expansion. The two sides also sign a memorandum of understanding, planning to make further investments in the crypto and AI sectors.

Bitcoin mining company Bitfarms announced that it will move its registration to the United States and rename itself to Keel Infrastructure, focusing on digital infrastructure development. The new stock ticker KEEL will become effective on April 1. The company will pivot into a developer centered on power, plans to expand into power-constrained markets, and will invest its funding into high-performance computing and AI infrastructure.

Bitcoin price continues to remain below $72,000, with weakening market demand as investors begin to sell off positions, limiting short-term upside potential. On-chain activity and mining hash rate are declining, miner profitability is weakening, and market concerns about miner sell-offs are intensifying.

Bitcoin miners currently have an average production cost of $88,000, with market prices around $69,200, resulting in losses of 21%. Mining difficulty has decreased by 7.76%, with hash price approaching the break-even line. Most mining enterprises are shifting toward AI business, and increased miner Bitcoin sales are adding selling pressure to the market. The next difficulty adjustment is expected in early April, and if conditions persist, further downward adjustments may occur.

Bitcoin infrastructure provider Maestro launches Mezzamine, a credit market denominated in bitcoin, targeting institutional investors with new yield opportunities and expanding miner financing. In collaboration with Sazmining, the project offers an annualized yield rate of 8%-9%, aiming to address risks in traditional mining finance.

Bitcoin mining company HIVE is gradually reducing its mining operations in Sweden due to tax disputes and operational uncertainty. Simultaneously, through BUZZ company, it is expanding its liquid-cooled AI data center capacity in Canada by four times. Despite gaining legal support, Swedish authorities are still requiring it to pay disputed tax deposits.