SBI Crypto to Shut Down Mining Pool

SBI Crypto, a branch of Japan's SBI Group, has revealed plans to close its Bitcoin mining pool, with operations set to cease and deposits no longer accepted after July 31.

The company has urged miners to refrain from withdrawing their hash rates until the final shutdown is executed to facilitate accurate payout calculations.

The specific reasons behind the closure remain unclear. Users are being encouraged to migrate to alternative mining pools such as Braiins, Luxor, and NeoPool.

Launched in March 2021, SBI Crypto's mining pool ranked 12th worldwide in hash rate, contributing 18.69 EH/s, which accounts for 1.96% of the global share, according to SimpleMining.

This decision to shut down the mining pool comes as SBI Holdings is actively expanding within the digital asset space. Recently, the group signed a deal to purchase the cryptocurrency exchange Bitbank for 46.7 billion yen (approximately $288.6 million) and has also introduced support for stablecoins RLUSD and JPYSC in Japan.

Additionally, it was reported that in May, major public miners sold over 32,000 BTC, surpassing the total sales for the entirety of 2025.