SBI Crypto shuts Bitcoin mining pool after five-year run
Cointelegraph 2026-07-02 10:37:14
Context: SBI Crypto, a prominent player in the Bitcoin mining industry, has announced that it will shut down its Bitcoin mining pool on July 31. The decision comes after a five-year run, during which the company established a significant presence in the global market. At the time of the shutdown, SBI Crypto's mining pool ranked 12th globally, with a hashrate share of about 2.2%.
Key Facts
- SBI Crypto's Bitcoin mining pool will cease operations on July 31, marking the end of its five-year foray into the cryptocurrency mining sector.
- At its peak, SBI Crypto's mining pool commanded a 2.2% share of the global hashrate, securing its position as the 12th largest player in the industry.
- The company's decision to shut down its mining pool comes as part of a broader strategic realignment, although specific details regarding the rationale behind the move remain undisclosed.