Japanese financial giant SBI's cryptocurrency company will shut down its Bitcoin mining pool services
By: rootdata|2026/07/03 01:42:09
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According to Decrypt, Japanese financial giant SBI Holdings' wholly-owned subsidiary SBI Crypto announced that it will officially close its Bitcoin mining pool service on July 31. Before this, the mining pool will maintain normal operations, and customers can continue to mine and receive earnings as usual.
It is reported that SBI Crypto's cryptocurrency mining service has been operating since 2017 and currently ranks 11th in the global hashrate ranking according to Hashrate Index. To assist customers in a smooth transition, the platform is negotiating with other mining pool operators such as Braiins and Luxor. Analysts point out that this move reflects a trend where large mining companies are gradually adjusting their business focus in response to Bitcoin price fluctuations and changes in the industry environment. Despite divesting from the mining pool business, its parent company SBI is still increasing its investment in the cryptocurrency market and just announced earlier this week the acquisition of Japanese cryptocurrency exchange Bitbank for $289 million.
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