SBI Crypto is closing its Bitcoin mining pool on July 31. About 2.2% of the network's computing power is officially up for grabs.
Japan's SBI Group is pulling its pool after five years without giving a reason. The real question is where those miners go next.
CryptoVibe Desk · bitcoin · mining · sbi
- →SBI Crypto announced it will shut down its Bitcoin mining pool on July 31, 2026, ending more than five years of operation.
- →The pool held roughly 2.2% of Bitcoin's total hashrate, making this a redistribution event that will shift share among competing pools or reduce network capacity.
- →Watch Bitcoin's seven-day average hashrate in August 2026: a drop above 2% confirms miners went offline, while flat or rising numbers confirm migration to other pools.
- hashrate → The total amount of computing power being used to process Bitcoin transactions and keep the network secure.
- mining pool → A group of miners who combine their computing power to earn Bitcoin rewards more consistently and split the payouts among members.
SBI Crypto is shutting down its Bitcoin mining pool on July 31. The pool held roughly 2.2% of Bitcoin's total network hashrate and ranked 12th globally, per CoinTelegraph.
Five years is a long run for a mining pool. SBI Group, one of Japan's largest financial conglomerates, built this into a top-15 operation and is now exiting without a stated reason.
The only number that matters here isn't the pool's rank. It's where those machines go after July 31. A 2.2% hashrate withdrawal from a single named pool is a redistribution event, not automatically a network decline. If those miners migrate to other pools, total hashrate stays flat and competitors gain share. If they go dark, Bitcoin's difficulty adjustment corrects within two weeks.
If you're watching hashrate as a sentiment signal, August is the month to look. On-chain data will show whether SBI's miners moved or went quiet.
SBI is walking away from a top-15 pool with no stated reason. That silence is the story. A financial conglomerate this size doesn't quietly close a five-year mining operation unless mining stopped paying or something larger is in motion.
Bitcoin's seven-day average hashrate in the first two weeks of August 2026: a drop above 2% confirms miners went offline, while flat or rising numbers confirm redistribution to competing pools.
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