SBI Crypto to Cease Bitcoin Mining Pool Operations by July 31
SBI Crypto, a subsidiary of the Japanese financial group SBI Holdings, announces it will shut down its Bitcoin mining pool services, currently the 11th largest globally, according to Decrypt. The firm plans to stop operations on July 31, 2026, amid a wider trend of miners pivoting towards artificial intelligence ventures.
SBI Crypto, a fully owned subsidiary of SBI Holdings, has announced it will wind down its Bitcoin mining pool operations, ceasing services by July 31, 2026. Currently ranked as the 11th largest Bitcoin mining pool by hash rate, the service has been operational since at least 2017. Users also have the option to mine Bitcoin Cash and Litecoin through the pool.
While the company has not provided specific reasons for this decision, it plans to ensure operations continue normally until the closure date. SBI Crypto stated, "Our goal is to continue providing stable and reliable mining pool operations through the planned closure date." Following the cessation, customers will need to transition to other mining pools, with SBI stating it would facilitate discussions with potential new partners such as Braiins and Luxor, who may offer preferable terms to former clients.
The closure aligns with a broader movement within the Bitcoin mining sector, where several large-scale miners are shifting their focus to artificial intelligence. Companies like Bitfarms and others have already announced transitions from mining to AI and rebranded their operations. This trend reflects the growing challenges in the Bitcoin mining landscape, notably due to declining Bitcoin prices, which are more than 50% lower than their all-time highs. As mining profitability declines, traditional operations are increasingly viewed as less sustainable compared to emerging technologies.
Summary based on original reporting by Logan Hitchcock at Decrypt, originally published Jul 2, 2026. SolanaWire does not republish source content.
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