The shutdown of SBI Crypto’s mining pool removes 2% of Bitcoin’s hashrate, forcing miners to relocate before July 31, 2026.
SBI Crypto will shut down its Bitcoin mining pool on July 31, 2026, ceasing operations that currently account for roughly 2% of the network’s total hashrate. Miners must redirect their contributions before the cutoff date, as the pool will stop accepting new shares after that point.
The pool, linked to Japan’s SBI Holdings, has operated without disclosed issues but faces industry-wide pressures from declining mining margins and rising costs. Hashrateindex data confirms its 2% share, though SBI Crypto provided no specific reason for the closure in its announcement.
The firm urged miners to continue submitting shares until the shutdown to ensure final payouts. The pool will function normally until the cutoff, after which no further contributions will be processed.