Miners transferred $6,3 billion in bitcoins to exchanges in a month
This is the highest figure since the beginning of the year, with 195 663 BTC received on the platforms
06.06.2022 - 14:55
774
2 min
0
What’s new? In May, miners transferred 195 663 BTC to cryptocurrency exchanges, which is the biggest monthly flow since January 2022, according to Coin Metrics. Based on the average bitcoin price in May ($32 000), the total value of assets transferred to the platforms was around $6,3 billion.
What is the situation with data centers? Major companies such as Riot Blockchain are also among the miners that had been transferring their assets to exchanges. The company had previously accumulated bitcoins with the expectation that their value would keep rising, Bloomberg reports. However, it is now facing difficulties in building a 1-gigawatt facility in Texas. Will Foxley, director of content at Compass Mining, a company that provides hosting services for mining, noted:
“I think miners are just talking about the macro environment and think it is probably prudent to sell bitcoin in these levels in order to keep the operations safe.”
Information on the Bloomberg website
Cathedra, a small cryptocurrency mining company, has sold almost all of its assets to continue mining. The company’s head Antonin Scalia noted:
“We have spent the last several weeks restructuring our balance sheet and operations to ensure Cathedra is well positioned to endure a prolonged economic downturn.”
Earlier, a report by the mining company Compass Mining revealed that the flow of large miners to crypto exchanges peaked since January 2022. Cryptocurrency mining became less profitable and participants started selling their assets on the open market to cover power expenses.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$63 473
BTC
-2.19%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.16
XRP
-4%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.087259
DOGE
-5.14%
-
Zcash
$451.61
ZEC
-27.16%
-
Stellar XLM
$0.200737
XLM
-5.03%
-
Cardano
$0.180464
ADA
-10.99%
-
Polkadot
$3.32
DOT
+5.27%