With Bitcoin hashprice hovering near cycle lows and transaction fees in blocks dropping to 1.1%, mining hodlers appear to be leaning on their BTC reserves once again to support operations and shore up liquidity. CleanSpark said Tuesday that it would begin selling a portion of its monthly production to cover operational expenses while using its Bitcoin reserves to fund growth initiatives.

The renewed selling activity also coincides with increased capital expenditures across the sector. Several major mining firms have announced infrastructure expansions, ASIC upgrades, or diversification into high-performance computing—all of which require capital amid a tougher post-halving environment. On a company-level breakdown, HIVE, Bitfarms, and Ionic Digital sold more than 100% of their March production.