
SBI Crypto to Close Bitcoin Mining Pool Holding About 2% of Hashrate
The subsidiary of Japan's SBI Group is winding down its Bitcoin mining pool, giving miners until July 31 to redirect their hashrate.

Oliver Bennett
Editor-in-Chief · London
SBI Crypto, a subsidiary of the large Japanese financial group SBI, is preparing to shut down its Bitcoin mining pool, according to reporting from Decrypt and CoinDesk. The move adds another established player to a growing list of firms retreating from Bitcoin mining, a business squeezed by tight margins and rising operational costs.
What Is Changing
According to CoinDesk, the pool set to close currently accounts for roughly 2% of Bitcoin's total hashrate — the aggregate computing power devoted to securing the network and processing transactions. That share, while modest in percentage terms, represents a meaningful chunk of global mining capacity that will now need to find a new home.
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