Bitcoin miner outflows surged to 28,605 BTC ($1.8 billion) on Feb. 5 amid volatile price swings. Another 20,169 BTC ($1.4 billion) left miner wallets on Feb. 6. Eight miners disclosed producing 2,377 BTC in January, far below the outflows. Some firms sold Bitcoin, while others increased reserves or maintained liquidity.

Outflows exceed January production of publicly reporting firms. The transfers may not signal immediate selling pressure. Miner outflows include exchanges and internal transfers, not just sales. The movements suggest broader activity beyond disclosed public miner sales.

CleanSpark mined 573 BTC in January, sold 158.63 BTC, ending with 13,513 BTC. Cango mined 496.35 BTC, sold 550.03 BTC, aiming to support AI expansion. Canaan mined 83 BTC, increased reserves to 1,778 BTC and 3,951 ETH. LM Funding mined 7.8 BTC, reported no sales, holding 364.1 BTC. Hive maintained operations using 480 BTC pledge mechanics.

US miner hashrates dropped by over 40% due to winter storms, affecting operations. Marathon Digital Holdings and Iren saw reduced uptime. Hashrate recovered in early February after the drop. Independent journalism by Cointelegraph.

Read more at Cointelegraph: Bitcoin Miner Outflows Surge in January BTC, But Filings Show Steady Market