SBI Crypto Shuts Down 2% of Bitcoin's Hashrate Mining Pool

SBI Crypto has announced it will shut down its Bitcoin mining pool on July 31, 2026, marking the end of a service that accounts for approximately 2% of the network's hashrate.

The mining pool, which was launched in 2021 by SBI Group, Japan's largest financial conglomerate, will stop accepting new shares after the cutoff date. Miners are urged to keep contributing to the pool until then so that their eligible shares can be included in the final payout calculation.

The shutdown comes as Bitcoin mining remains under pressure from lower margins and rising operational costs, with the cryptocurrency's price having fallen 50% over the past year.