SBI Crypto Shuts Down Bitcoin Mining Pool on July 31 Amid Hasrate Concentration Concerns

SBI Crypto's Bitcoin mining pool will close on July 31, 2026, after accepting no new shares since that date. The pool currently handles around 20.9 exahashes per second (EH/s), or about 2.2% of the total Bitcoin network hashrate.

This means its miners will need to find a new home for their hardware in the next 27 days, which could impact the distribution of hashrate among mining pools. SBI Crypto's exit won't affect Bitcoin's security but will reshape the competitive landscape.

The pool's shutdown follows an internal business review and restructuring efforts. In September 2025, blockchain investigator ZachXBT identified suspicious outflows from wallet addresses linked to SBI Crypto, worth approximately $21 million. The funds were moved through instant-exchange platforms and deposited into Tornado Cash.