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Signal

SBI Crypto to shut down bitcoin mining pool holding about 2% of network hashrate

Evidence first: scan the strongest sources, then decide whether to go deeper.

Published 2026-07-02 10:37 UTCUpdated 2026-07-02 18:29 UTC
rsstelegram
cryptominingbitcoinexchanges
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Evidence trail (top sources)
top sources (2 domains)domains are deduped. counts indicate coverage, not truth.
2 top sources shown
limited source diversity in top sources
View all evidence
Overview

SBI Crypto, a subsidiary of the Japanese financial giant SBI, announced it will shut down its Bitcoin mining pool on July 31 after more than five years of operation. The pool, which ranks 12th globally, currently controls approximately 2.2% of Bitcoin's total hashrate.

Entities
SBI CryptoSBI
Score total
1.65
Momentum 24h
5
Evidence documents
-
Independent publishers
-
Independent origins
-
Primary sources
-
Secondary sources
-
Source types
-
Duplicate ratio
40%
Why now
  • The shutdown is effective July 31, requiring immediate action from miners.
  • This follows over five years of SBI Crypto's mining pool operation, marking a significant exit.
  • Reflects evolving strategic priorities for financial institutions in crypto mining amid market changes.
Why it matters
  • SBI Crypto's mining pool shutdown reduces Bitcoin network hashrate concentration by about 2%.
  • The closure signals a shift in participation by major financial firms in crypto mining operations.
  • Miners must relocate their hashrate, potentially impacting mining pool dynamics and Bitcoin network security.
LLM analysis
Topic mix: lowPromo risk: lowSource quality: high
Recurring claims
  • SBI Crypto's mining pool controls roughly 2.2% of Bitcoin's total hashrate.
  • SBI Crypto will stop accepting new mining contributions after July 31, 2026.
How sources frame it
  • SBI Crypto: neutral
This report consolidates multiple sources confirming SBI Crypto's exit from Bitcoin mining pool operations, highlighting its impact on the network's hashrate distribution.
All evidence
All evidence
Japanese Financial Giant SBI to Shut Down Bitcoin Mining Pool
Decrypt · decrypt.co · 2026-07-02 18:28 UTC
SBI Crypto shuts Bitcoin mining pool after five-year run
Cointelegraph · cointelegraph.com · 2026-07-02 10:37 UTC
Show filters & breakdown
Posts loaded: 0Publishers: 3Origin domains: 3Duplicates: -
Showing 3 / 5
Top publishers (this list)
  • Decrypt (1)
  • CoinDesk (1)
  • Cointelegraph (1)
Top origin domains (this list)
  • decrypt.co (1)
  • coindesk.com (1)
  • cointelegraph.com (1)