SBI Crypto to Shut Down Bitcoin Mining Pool by July 31

Published: 2026-07-02 20:42:27 |

SBI Crypto, the wholly owned crypto unit of Japan’s SBI Holdings, will wind down its Bitcoin mining pool and stop accepting mining shares on July 30, 2026 22:00 UTC (July 31 07:00 JST). The pool supports Bitcoin mining payouts and will run normally until the cutoff, ending more than five years of operations on July 31, 2026. The pool’s current hashrate is 20,412.11 PH/s (about just over 2% of Bitcoin’s global hashrate), and SBI Crypto says this represents customers’ payout hashing allocation—not a direct risk to Bitcoin network security or supply. Shares submitted after the deadline will not count toward final payouts. For mining operator migration, SBI Crypto points customers to Braiins, Luxor Pool, and Neopool, without endorsing any. The company says it will later share details on final payout timing, API access, and web portal availability, and notes some operators may offer preferential terms for migrating clients. Market relevance for crypto traders: this is a single-pool shutdown and should be largely neutral for Bitcoin price action, though short-term sentiment could move with mining economics headlines and operator relocation.

Neutral

The wind-down is limited to a single Bitcoin mining pool and is sized at roughly 2% of Bitcoin’s total hashrate. That makes it unlikely to impair overall network security or meaningfully change Bitcoin’s supply dynamics. In the short term, traders may still see minor sentiment effects around mining profitability headlines, especially as other miners have been pivoting due to tougher economics. For market trading, the practical impact is more operational than systemic: some miners will need to migrate to new pool operators before the hard share cutoff, and there may be temporary uncertainty around final payout timing and API/web portal access. However, these details mainly affect mining operators and payout logistics rather than BTC spot demand. Over the longer term, absent broader hashrate shocks, price impact is expected to remain largely neutral.