SBI Crypto to close Bitcoin mining pool service on July 31
SBI Crypto said its Bitcoin mining pool, which CEO Hiroaki Morita said represents about 2.2% of network hashrate, will end operations on July 31, with users directed to three alternative providers for migration.
SBI Crypto said it will end its Bitcoin mining pool operations at 7 a.m. JST on July 31, requiring users to redirect their computing power and payout arrangements to other operators. CEO Hiroaki Morita said the pool accounts for about 2.2% of the Bitcoin network hashrate, indicating a modest redistribution of mining activity as participants migrate. Users were guided to three alternative providers for the transition. Earlier commentary from OCEAN co-founder Mark Artymko described the closure as an unexpected migration event for miners, urged affected users to join OCEAN, and said its miners earned about 3.6% more in 2025 than the best-performing FPPS pools.
- Bitcoin mining pool: A service where miners combine computing power and share mining rewards.
- hashrate: The total computing power used by miners to secure a blockchain network and process transactions.
- FPPS: Full pay per share, a mining payout model that pays participants based on submitted work.