Bitcoin Miners Divest Over 32,000 BTC in Q1 2026 Amid AI Infrastructure Shift

Publicly listed Bitcoin miners have sold more than 32,000 BTC in the first quarter of 2026, as major operators shift their capital towards AI infrastructure. According to NS3.AI, CryptoQuant reported that miners have recorded a net sale of 61,000 BTC since the current cycle began, with Marathon Digital leading the sales by offloading over 13,000 BTC. James Butterfill from CoinShares noted that the weighted average cash costs for public miners increased to nearly $80,000 per Bitcoin in the fourth quarter of 2025.