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SBI Crypto to shut down its Bitcoin mining pool, with around 2% of hashrate set to move before the end of July
🟠 SBI Crypto, a subsidiary of Japan's SBI Group, will shut down its Bitcoin mining pool on July 31, 2026. The pool currently accounts for around 2% of the Bitcoin network's hashrate, not a major share, but still notable for Bitcoin infrastructure news.
⚙️ For miners using SBI's pool, the direct impact is the need to redirect hashrate to another pool before mining shares are no longer accepted. This may create a short-term shift among mining pools, but is unlikely to have a meaningful impact on the Bitcoin network.
📉 The more important point is that Bitcoin mining continues to face pressure from operating costs, hashrate competition, and post-halving profit margins. This is not a major negative signal for Bitcoin, but more of a restructuring step within the mining industry.
#Bitcoin 🟠 $BTC