⚠️ SBI Crypto has officially announced it will shut down its Bitcoin mining pool on:

➡️ July 31.
📊 After that date:
• the pool will stop accepting mining shares
• and miners will need to redirect their hash rate to alternative pools.
🧠 SBI’s mining pool currently accounts for roughly:
➡️ 2% of Bitcoin’s total network hash rate, making it a relatively meaningful participant within the broader mining ecosystem.
⚡ The company did not publicly disclose a reason for the closure, leading to speculation around:
• mining profitability pressure
• operational restructuring
• rising energy costs• or broader consolidation trends within the mining industry.
📉 The shutdown also comes during a period where many mining businesses continue facing:
• tighter margins
• increasing competition
• and post-halving revenue pressure.
⚠️ While 2% hash rate alone is unlikely to materially impact Bitcoin network security, the closure highlights how mining operations are becoming increasingly concentrated among:
• the largest industrial-scale operators
• and highly capitalized infrastructure firms.
👀 Markets will now watch where SBI’s former mining participants redirect their hash rate, as competition between major pools continues intensifying heading into the second half of 2026.
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