SBI Crypto Shuts Down Bitcoin Mining Pool After Five Years of Operation

News Editor

2026-07-02 10:37:14

SBI Crypto, a subsidiary of Japanese financial conglomerate SBI Group, has announced it will shut down its Bitcoin mining pool on July 31, 2026. The pool, operating for over five years, held a global hashrate share of approximately 2.2% and ranked 12th. The move reflects a strategic retreat from crypto mining by the group.

SBI CryptoBitcoin mining poolshutdownJapanhashrate shareminingmarket analysis

SBI Crypto Mining Pool Closure Details

SBI Crypto has announced it will officially shut down its Bitcoin mining pool on July 31, 2026. The pool has been operating for over five years and currently ranks 12th globally with a hashrate share of approximately 2.2%. SBI Crypto, a subsidiary of Japanese financial giant SBI Group, is exiting the mining pool business as part of a strategic adjustment.

SBI Crypto Shuts Down Bitcoin Mining Pool After Five Years of Operation 2

Market Implications

Although the pool's hashrate share is relatively small, its closure may reflect the cautious stance of Japanese financial institutions toward crypto mining. The freed hashrate is expected to redistribute to other pools, with a limited short-term impact on overall network hashrate. Investors and industry observers will watch for further signs of institutional retreat from mining in Japan.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

200

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.