Bitcoin Miners Hit Hard by Winter Costs, Selling Thousands of BTC to Cover Expenses

Bitcoin miners are under significant financial pressure, with CryptoSlate reporting that they sold 5,359 BTC amid rising winter power costs. Their combined treasury has shrunk to $7.4 billion, highlighting the strain on their liquidity. The largest US miner, Bitdeer, has also sold its entire BTC stash, indicating widespread margin pressure and expanding financing activities in the sector.