Due to geopolitical conflicts and energy issues, multiple mining farms are selling bitcoin.
According to Jinse Finance, on April 13, data shows that MARA Holdings sold over 15,000 Bitcoin in March to reduce leverage. Riot Platforms sold over 3,700 Bitcoin in the first quarter, Cango sold 2,000 Bitcoin to repay Bitcoin-backed debt, and Bitdeer stated that as of February 20, its Bitcoin holdings had dropped to zero.
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