SBI Crypto announced it will close its Bitcoin mining pool on July 31, 2026. The move affects a service that represents about 2 percent of the network's hashrate.
SBI Crypto, a subsidiary of the Japanese financial group SBI, said miners must redirect their hashrate before the July 31 cutoff. The pool will stop accepting contributions after that date, though it is expected to operate normally until then.
The company urged customers to continue mining until the cutoff so eligible shares are included in the final payout. No specific reason was given for the closure.
The pool opened to the public in 2021 and ranks among the larger operations globally, with roughly 21.6 EH/s of capacity. It accounts for approximately 2.2 percent of Bitcoin's total hashrate.
The shutdown occurs amid broader pressure on Bitcoin mining from falling margins and rising operational costs.
