SBI Crypto shuts Bitcoin mining pool after 5-year run
SBI Crypto, a cryptocurrency-focused division of Japanese financial conglomerate SBI, is shutting down its Bitcoin mining pool after a five-year run. The company announced Wednesday that it will end mining pool operations on July 31 and will stop accepting mining shares at the same time. It did not provide its rationale for closing the pool. SBI Crypto said miners should keep directing hashrate to the pool until the cutoff so final payouts can be calculated correctly before operations end. “We would sincerely appreciate your continued support by mining with us until the final day of operation,” it said. The shutdown marks the end of one of Japan‘s better-known corporate mining pool operations and is the latest sign of SBI’s intentions to expand its broader cryptocurrency strategy beyond mining. SBI Cryptos BTC mining pool ranks No. 12 globally SBI Crypto launched its Bitcoin mining pool in March 2021, entering a market that at the time was dominated by operators such as Poolin, F2Pool and Binance Pool. Data from SimpleMining shows SBI Crypto currently ranks as the 12th largest Bitcoin mining pool globally, with about 21.46 exahashes per second (EH/s) of hashrate and roughly 2.24% of total Bitcoin network share.Source: SimpleMining That places it far behind leaders like Foundry