Storyline
SBI Crypto to shut down Bitcoin mining pool holding about 2% of network hashrate
SBI Crypto, a subsidiary of the Japanese financial giant SBI, announced it will shut down its Bitcoin mining pool on July 31, ending a more than five-year operation. The pool, which ranks 12th globally, currently controls approximately 2.2% of Bitcoin's total hashrate.
Published 2026-07-02 10:37 UTCUpdated 2026-07-02 18:29 UTC
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Evidence trail (top sources)
top sources (3 domains)domains are deduped. counts indicate coverage, not truth.3 top sources shown
Overview
SBI Crypto, a subsidiary of the Japanese financial giant SBI, announced it will shut down its Bitcoin mining pool on July 31, ending a more than five-year operation. The pool, which ranks 12th globally, currently controls approximately 2.2% of Bitcoin's total hashrate.
Score total
1.65
Momentum 24h
5
Posts
5
Origins
3
Source types
2
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.
Continuity snapshot
- Trend status: insufficient_history.
- Continuity stage: broad_confirmed.
- Current status: open.
- 5 current source-linked posts are attached to this storyline.
All evidence
All evidence
CoinTelegraph - SBI Bitcoin mining pool shutdown
cointelegraph.com · cointelegraph.com · 2026-07-02 10:37 UTC
CoinDesk - SBI Crypto to shut down mining pool
coindesk.com · coindesk.com · 2026-07-02 14:44 UTC
Japanese Financial Giant SBI to Shut Down Bitcoin Mining Pool
Decrypt · decrypt.co · 2026-07-02 18:28 UTC
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Top publishers (this list)
- cointelegraph.com (1)
- coindesk.com (1)
- Decrypt (1)
Top origin domains (this list)
- cointelegraph.com (1)
- coindesk.com (1)
- decrypt.co (1)