Japanese Firm SBI Crypto to Close BTC Mining Pool on July 31

SBI Crypto has announced it will permanently close its Bitcoin mining pool on July 31, ending operations that spanned more than five years. At the time of the announcement, the pool held the 12th position globally in terms of computational power.

The pool accounted for approximately 2.2% of the total Bitcoin network hashrate, placing it among the top-tier mining operations worldwide. The shutdown marks the exit of one of the more prominent Asia-based mining pool operators from the sector.

SBI Crypto, a subsidiary of Japanese financial giant SBI Holdings, launched the mining pool as part of a broader push into digital asset infrastructure. Over its five-year run, the pool attracted miners and accumulated a measurable share of Bitcoin's proof-of-work network.

No official reason for the closure has been disclosed in the available announcement. The decision comes amid ongoing pressure on mining economics globally, including fluctuating Bitcoin prices and rising energy costs that have weighed on the profitability of pool operations industry-wide.

With a 2.2% hashrate contribution, the pool's exit will result in a modest but measurable redistribution of mining power across the remaining active pools. Miners currently participating in the SBI Crypto pool will need to migrate to alternative operators before the July 31 deadline.

The closure underscores the competitive and capital-intensive nature of Bitcoin mining infrastructure, where even established, well-resourced operators face sustainability challenges over extended timeframes. SBI Holdings has not indicated whether it plans to re-enter the mining pool segment or redirect its crypto infrastructure investments elsewhere.

July 31 remains the confirmed final date of operation for the SBI Crypto Bitcoin mining pool. Participants have been advised to make arrangements ahead of that cutoff to avoid interruption to their mining activities.