The company announced<\/a><\/strong> that the service will be permanently discontinued on July 31, 2026. This decision is part of a broader strategic shift toward the crypto exchange business and stablecoin solutions.<\/p>\n\n\n\nUp to 2% of Bitcoin Hashrate Could Vanish<\/h2>\n\n\n\n The company will stop accepting new computing tasks at 22:00 UTC on July 30, with all operations ceasing entirely one day later. SBI Crypto has urged its clients to continue directing their computing power to the pool until the final moment to ensure that the last rewards are calculated correctly.<\/p>\n\n\n\n
Market estimates suggest the closure will remove approximately 15 exahashes per second (EH\/s) from the Bitcoin network. This represents between 1.3% and 2.2% of the global hashrate, depending on the methodology used, making the shutdown one of the more significant events for the mining industry this year.<\/p>\n\n\n\n
While such a decline is not expected to significantly impact Bitcoin\u2019s security, it will lead to a redistribution of computing power toward other major operators.<\/p>\n\n\n\n
Miners Redirecting to Competing Pools<\/h2>\n\n\n\n To facilitate the transition, SBI Crypto recommended that its clients migrate to Braiins, Luxor Pool, or NeoPool. The company noted that some of these operators are preparing special terms for miners transferring from the Japanese pool.<\/p>\n\n\n\n
Expectations are that a significant portion of the hashrate will be transferred to these platforms before the service officially ends, which should limit potential disruptions to mining activities.<\/p>\n\n\n\n
Strategic Pivot to Exchanges and Stablecoin Solutions<\/h2>\n\n\n\n SBI Crypto did not provide an official reason for the termination, but the move aligns with the broader transformation of SBI Holdings within the digital asset sector.<\/p>\n\n\n\n
In recent months, the financial conglomerate has funneled significant resources into expanding its crypto exchange business, including a $289 million deal to acquire full control of the Japanese exchange Bitbank. Simultaneously, the group is accelerating the development of stablecoin infrastructure, supporting the JPYSC project and the distribution of Ripple\u2019s RLUSD in the Japanese market.<\/p>\n\n\n\n
The decision also comes less than a year after a serious security breach at SBI Crypto in September 2025, when approximately $21 million in crypto assets were stolen. Although the company has not officially linked the incident to the pool\u2019s closure, the attack was followed by internal audits and operational changes.<\/p>\n\n\n\n
The shutdown marks the end of SBI Crypto\u2019s five-year history as a Bitcoin mining pool operator. It also illustrates how even large financial institutions are gradually shifting investments away from the capital-intensive mining business toward segments like exchange infrastructure, tokenized assets, and stablecoin payments, where growth prospects appear more sustainable.<\/p>\n","protected":false},"excerpt":{"rendered":"
SBI Crypto confirms its Bitcoin mining pool will shut down by July 2026, removing up to 2.2% of global hashrate in a major strategic pivot.<\/p>\n","protected":false},"author":104,"featured_media":192188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[72,424,71],"coin_category":[],"class_list":["post-192189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-bitcoin","tag-crypto","tag-stablecoin"],"acf":[],"yoast_head":"\n
SBI Crypto to Shut Down Mining Pool, Shifting to Exchanges - CryptoDnes EN<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n