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Live markets: Bitcoin has traded below its mining cost for five months, squeezing miners

About 20% of miners are now unprofitable, and publicly traded miners sold more than 32,000 bitcoin in the first quarter to cover operating costs, more than they offloaded in all of 2025.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Live markets: Bitcoin has traded below its mining cost for five months, squeezing miners
About 20% of miners are now unprofitable, and publicly traded miners sold more than 32,000 bitcoin in the first quarter to cover operating costs, more than they offloaded in all of 2025.

Why this matters

Bitcoin is showing up inside the Mining theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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