SBI Crypto will shut down its bitcoin mining pool on July 31, 2026, ending more than five years of operation. Launched in March 2021 as part of SBI Holdings’ expansion into digital assets, the pool currently ranks around 10th–11th globally by hashrate, controlling 20,412.11 PH/s (approximately 20.4 EH/s).
Shutdown Details
The closure will discontinue SBI Crypto’s pooled mining service for Bitcoin, requiring participating miners to migrate their hashrate to alternative pools before the end-of-July cutoff to avoid disruptions in payouts and block-reward distribution.
Pool Scale and Market Position
With more than 20,000 PH/s of computing power, SBI Crypto’s pool sits in the lower half of the top 10 by hashrate contribution. Hashrate measures the aggregate computational power directed at securing the Bitcoin network and mining new blocks; shifts in pool participation redistribute this power among competing pools without affecting the underlying network rules.
Background on SBI Crypto
SBI Crypto operates under Tokyo-based SBI Holdings, a financial services group that has pursued a range of digital asset initiatives, including mining, custody, and exchange services. The Bitcoin mining pool, launched in 2021, was a core component of that strategy.
What Miners Should Expect
- Hashrate participating in SBI Crypto’s pool will need to be redirected to other pools before July 31, 2026.
- Miners should confirm final payout schedules and any remaining balances with SBI Crypto ahead of the shutdown.
- The approximately 20.4 EH/s of hashrate is expected to be absorbed by competing pools as participants transition.
The wind-down underscores the competitive and capital-intensive nature of Bitcoin mining, where pool operators and miners regularly adapt to network dynamics, energy markets, and post-halving revenue pressures.