Riot sold 3,778 BTC in Q1 and Arkham flagged a 500 BTC outflow Thursday; MARA, Genius Group and Nakamoto Holdings collectively sold 15,501 BTC last week, a wave of miner selling that could add near-term pressure to Bitcoin.
MARA shares climbed after the bitcoin miner said it has begun converting U.S. facilities into AI-ready campuses to tap growing demand for compute. Analysts welcomed the diversification but warned the plan depends on securing confirmed tenants and navigating conversion costs.