Overview
- SBI Crypto announced on Thursday that the pool will stop accepting mining shares at 22:00 UTC on July 30 and end operations on July 31, 2026, giving miners less than a month to move their hashrate.
- The company told customers to keep mining through the cutoff so eligible shares count toward final payouts and recommended Braiins, Luxor Pool, and NeoPool as migration targets.
- The pool has been a mid‑tier operator, holding roughly 15–21 EH/s of capacity and about 1.3–2.3% of the global Bitcoin network hashrate depending on the data source.
- SBI did not give a public reason for the shutdown; the announcement follows an internal business review in April and a reported $21 million wallet hack in September 2025 that investigators linked to North Korean‑style activity, though SBI has not tied the two events together.
- The exit fits a broader corporate shift by SBI Holdings toward exchange and stablecoin work, including a planned Bitbank acquisition and support for yen stablecoin projects, and could prompt short‑term hashrate migration and pressure on mid‑size miners’ margins.