Bitcoin’s computational power has surged to an all-time high, even as mining companies grapple with shrinking profits. This rise in hash rate was observed on April 5th, reaching a staggering one sextillion hashes per second, according to BitInfoCharts data. However, despite this record level of network strength, miners are actively selling off Bitcoin to maintain profitability amidst declining revenue. The monthly revenues for Bitcoin miners plummeted by nearly 50% in March, down to roughly $1.2 billion, according to blockchain analytics platform Newhedge. This decline is attributed to the latest halving event, which cut block rewards to 3.125 BTC per block, along with low transaction fees and a lack of filled blocks. Data from TheMinerMag reveals that publicly traded miners sold over 40% of their Bitcoin production in March, the highest percentage since October 2024. This suggests an active response to dwindling profit margins due to persistent low hash price levels and escalating trade war uncertainty. Some companies, like HIVE, Bitfarms, and Ionic Digital, even sold more than 100% of their Bitcoin production during this period, while others are adjusting their strategies. Read about how mining profits have been squeezed by tariffs in our recent report.