• bitcoinBitcoin (BTC) $ 107,866.00
  • ethereumEthereum (ETH) $ 2,507.10
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.26
  • bnbBNB (BNB) $ 654.09
  • solanaSolana (SOL) $ 147.04
  • usd-coinUSDC (USDC) $ 0.999882
  • tronTRON (TRX) $ 0.284500
  • dogecoinDogecoin (DOGE) $ 0.163567
  • staked-etherLido Staked Ether (STETH) $ 2,507.62
  • cardanoCardano (ADA) $ 0.574130
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,788.00
  • hyperliquidHyperliquid (HYPE) $ 38.84
  • wrapped-stethWrapped stETH (WSTETH) $ 3,027.11
  • suiSui (SUI) $ 2.88
  • bitcoin-cashBitcoin Cash (BCH) $ 485.59
  • chainlinkChainlink (LINK) $ 13.14
  • leo-tokenLEO Token (LEO) $ 9.02
  • avalanche-2Avalanche (AVAX) $ 17.78
  • stellarStellar (XLM) $ 0.240364
  • usdsUSDS (USDS) $ 0.999822
  • the-open-networkToncoin (TON) $ 2.99
  • shiba-inuShiba Inu (SHIB) $ 0.000011
  • wrapped-eethWrapped eETH (WEETH) $ 2,688.84
  • litecoinLitecoin (LTC) $ 86.57
  • wethWETH (WETH) $ 2,509.08
  • whitebitWhiteBIT Coin (WBT) $ 45.26
  • hedera-hashgraphHedera (HBAR) $ 0.153070
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999984
  • moneroMonero (XMR) $ 316.42
  • ethena-usdeEthena USDe (USDE) $ 0.999890
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,945.00
  • bitget-tokenBitget Token (BGB) $ 4.38
  • polkadotPolkadot (DOT) $ 3.35
  • uniswapUniswap (UNI) $ 7.25
  • aaveAave (AAVE) $ 270.35
  • pepePepe (PEPE) $ 0.000010
  • daiDai (DAI) $ 0.999751
  • pi-networkPi Network (PI) $ 0.448402
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 48.44
  • bittensorBittensor (TAO) $ 321.04
  • aptosAptos (APT) $ 4.41
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 178.45
  • nearNEAR Protocol (NEAR) $ 2.12
  • internet-computerInternet Computer (ICP) $ 4.73
  • crypto-com-chainCronos (CRO) $ 0.080435
  • ethereum-classicEthereum Classic (ETC) $ 16.28
  • ondo-financeOndo (ONDO) $ 0.775774
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.999473
  • kaspaKaspa (KAS) $ 0.074587
  • fasttokenFasttoken (FTN) $ 4.43
  • mantleMantle (MNT) $ 0.556694
  • gatechain-tokenGate (GT) $ 15.17
  • cosmosCosmos Hub (ATOM) $ 3.98
  • vechainVeChain (VET) $ 0.020487
  • official-trumpOfficial Trump (TRUMP) $ 8.50
  • bonkBonk (BONK) $ 0.000022
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.648672
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 107,676.00
  • render-tokenRender (RENDER) $ 3.15
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.181086
  • ethenaEthena (ENA) $ 0.253947
  • skySky (SKY) $ 0.076011
  • arbitrumArbitrum (ARB) $ 0.324830
  • tokenize-xchangeTokenize Xchange (TKX) $ 19.30
  • quant-networkQuant (QNT) $ 106.11
  • filecoinFilecoin (FIL) $ 2.24
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,508.49
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.45
  • algorandAlgorand (ALGO) $ 0.174483
  • worldcoin-wldWorldcoin (WLD) $ 0.866871
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.996894
  • usdtbUSDtb (USDTB) $ 0.999855
  • sei-networkSei (SEI) $ 0.261198
  • kucoin-sharesKuCoin (KCS) $ 11.02
  • binance-staked-solBinance Staked SOL (BNSOL) $ 156.31
  • usdt0USDT0 (USDT0) $ 1.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.443177
  • nexoNEXO (NEXO) $ 1.22
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,629.86
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,858.61
  • fartcoinFartcoin (FARTCOIN) $ 1.16
  • flare-networksFlare (FLR) $ 0.016564
  • spx6900SPX6900 (SPX) $ 1.21
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • injective-protocolInjective (INJ) $ 10.63
  • xdce-crowd-saleXDC Network (XDC) $ 0.063938
  • celestiaCelestia (TIA) $ 1.47
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.016186
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.52
  • blockstackStacks (STX) $ 0.640908
  • sonic-3Sonic (S) $ 0.304450
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,681.03
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,635.03
  • pax-goldPAX Gold (PAXG) $ 3,344.96
  • optimismOptimism (OP) $ 0.530610
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 107,795.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 107,752.00
  • kaiaKaia (KAIA) $ 0.149594
  • wbnbWrapped BNB (WBNB) $ 654.19
  • paypal-usdPayPal USD (PYUSD) $ 0.999495
  • dogwifcoindogwifhat (WIF) $ 0.850218
  • story-2Story (IP) $ 2.97
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,640.51
  • clbtcclBTC (CLBTC) $ 107,943.00
  • tether-goldTether Gold (XAUT) $ 3,337.45
  • the-graphThe Graph (GRT) $ 0.082167
  • immutable-xImmutable (IMX) $ 0.414567
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.22
  • flokiFLOKI (FLOKI) $ 0.000079
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 164.73
  • vaultaVaulta (A) $ 0.476206
  • msolMarinade Staked SOL (MSOL) $ 191.92
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,709.77
  • ousgOUSG (OUSG) $ 111.69
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.73
  • theta-tokenTheta Network (THETA) $ 0.679344
  • curve-dao-tokenCurve DAO (CRV) $ 0.491536
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997585
  • jito-governance-tokenJito (JTO) $ 1.92
  • lido-daoLido DAO (LDO) $ 0.718263
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • galaGALA (GALA) $ 0.013853
  • zcashZcash (ZEC) $ 37.95
  • aerodrome-financeAerodrome Finance (AERO) $ 0.712729
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.24
  • wrapped-hypeWrapped HYPE (WHYPE) $ 38.78
  • iotaIOTA (IOTA) $ 0.155236
  • bittorrentBitTorrent (BTT) $ 0.00000060
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,942.00
  • the-sandboxThe Sandbox (SAND) $ 0.240168
  • usual-usdUsual USD (USD0) $ 0.998066
  • jasmycoinJasmyCoin (JASMY) $ 0.011953
  • syrupMaple Finance (SYRUP) $ 0.538015
  • saros-financeSaros (SAROS) $ 0.218062
  • walrus-2Walrus (WAL) $ 0.410112
  • raydiumRaydium (RAY) $ 2.12
  • tbtctBTC (TBTC) $ 107,762.00
  • super-oethSuper OETH (SUPEROETH) $ 2,507.33
  • pyth-networkPyth Network (PYTH) $ 0.095961
  • pendlePendle (PENDLE) $ 3.31
  • tezosTezos (XTZ) $ 0.519325
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,507.01
  • falcon-financeFalcon USD (USDF) $ 0.999818
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,682.51
  • newton-projectAB (AB) $ 0.008076
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,604.08
  • flowFlow (FLOW) $ 0.322227
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 107,830.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,509.05
  • decentralandDecentraland (MANA) $ 0.258934
  • coredaoorgCore (CORE) $ 0.491759
  • true-usdTrueUSD (TUSD) $ 0.997163
  • ripple-usdRipple USD (RLUSD) $ 0.999748
  • staked-hypeStaked HYPE (STHYPE) $ 38.78
  • apecoinApeCoin (APE) $ 0.600599
  • bitcoin-svBitcoin SV (BSV) $ 23.97
  • chain-2Onyxcoin (XCN) $ 0.013730
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999900
  • venomVenom (VENOM) $ 0.222317
  • thorchainTHORChain (RUNE) $ 1.30
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  • apenftAPENFT (NFT) $ 0.00000044
  • beldexBeldex (BDX) $ 0.060133
  • kavaKava (KAVA) $ 0.394400
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004241
  • based-brettBrett (BRETT) $ 0.042358
  • morphoMorpho (MORPHO) $ 1.35
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.163477
  • usddUSDD (USDD) $ 0.999544
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • heliumHelium (HNT) $ 2.21
  • usdbUSDB (USDB) $ 0.999999
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006934
  • starknetStarknet (STRK) $ 0.110976
  • movementMovement (MOVE) $ 0.153025
  • stader-ethxStader ETHx (ETHX) $ 2,667.10
  • dydx-chaindYdX (DYDX) $ 0.511692
  • compound-governance-tokenCompound (COMP) $ 40.61
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.998035
  • neoNEO (NEO) $ 5.33
  • elrond-erd-2MultiversX (EGLD) $ 13.15
  • mog-coinMog Coin (MOG) $ 0.00000095
  • conflux-tokenConflux (CFX) $ 0.072186
  • kaitoKAITO (KAITO) $ 1.52
  • ecasheCash (XEC) $ 0.000018
  • aioz-networkAIOZ Network (AIOZ) $ 0.305595
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 107,631.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,509.67
  • deepDeepBook (DEEP) $ 0.143791
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  • axie-infinityAxie Infinity (AXS) $ 2.14
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999846
  • telcoinTelcoin (TEL) $ 0.003810
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,765.29

Bitcoin Miners Sold Record Amount of BTC Ahead of May’s Price Surge

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Bitcoin Miners Sold Record Amount of BTC Ahead of May's Price Surge

Bitcoin

BTC$106,546.31 notched a new all-time high of $109,000 on Wednesday, but that’s small consolation for bitcoin miners, who last month were forced to cash in a record number of their BTC reserves, according to mining news outlet TheMinerMag.

The firm’s latest research report reveals that public miners sold 115% of their bitcoin production in April — meaning they sold more than they produced. That is the highest ratio since the tail end of the 2022 bear market.

Even today, with bitcoin breaking to a new record high above $109,000, hashprice (what miners earn per unit of computational power) has failed to follow suit. It stands at just $55 per petahash per second (PH/s), well below the $63/PH/s level it briefly reached the last time bitcoin crossed $100,000 in December. Elevated network difficulty and weak transaction fees have kept revenues under pressure.

Top players in the mining space are expanding regardless. CleanSpark’s (CLSK) hashrate surpassed 40 EH/s, and IREN (IREN), which recently overtook Riot Platforms (RIOT) as the third largest public miner in terms of realized hashrate, posted a 25% jump in hash power and is now targeting a total of 50 EH/s by June. Cango (CANG), meanwhile, is eyeing another 18 EH/s by July.

MARA Holdings’ (MARA) installed hashrate is still the highest at 57.3 EH/s, according to a Tuesday report by investment bank Jefferies. IREN had the highest implied uptime at around 97%, followed by HIVE Digital Technologies (HIVE) at about 96%, the report added.

Meanwhile, a shift is taking place in how miners are securing new hardware. Several public firms have inked deals with Bitmain that allow them to pay for mining rigs in bitcoin while retaining the right to repurchase their coins at a predetermined price — a hedge against further price rallies.

Mining stocks, battered in the first quarter, have bounced back — some by more than 60% in April alone — though most remain down year-to-date. Only CleanSpark and MARA Holdings are in positive territory for the year.

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