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SBI Crypto to Shut Bitcoin Mining Pool July 31, Ceding 2.2% of Global Hashrate

7/5/2026

SBI Crypto is closing its $BTC mining pool on July 31, ending a run of more than five years that placed the operation 12th globally by hashrate.

At roughly 2.2% of the worldwide total, the pool was not a dominant force, but its exit is a measurable shift in who controls block production on the Bitcoin network.

What Leaves the Network Mining pools aggregate computational power from individual miners and distribute block rewards proportionally.

When a pool shuts down, its participants — the actual hardware operators — do not disappear; they migrate.

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