SBI Crypto is shutting down its Bitcoin mining pool; recommends miners transition to Braiins, Luxor Pool, or Neopool.

SBI Crypto is set to cease operations of its Bitcoin mining pool on July 31, 2026, after more than five years in the industry. The pool, which currently holds just over 2% of the global Bitcoin hashrate at 20,412 PH/s, has advised miners to transition to alternatives such as Braiins, Luxor Pool, or Neopool.¹²⁴

The firm, a subsidiary of SBI Holdings, did not provide specific reasons for the closure but indicated that this decision aligns with its strategic shift towards other cryptocurrency ventures. The announcement stated, “Until then, we expect the pool to continue operating under normal conditions, and customers may continue mining and receiving payouts as usual.”

SBI Crypto has been a player in the cryptocurrency mining sector since at least 2017 and ranks as the 11th largest Bitcoin mining pool by hash rate, according to data from Hashrate Index. The company is also facilitating transitions for its users by engaging in “business and technical discussions” with other mining pool operators.

This move reflects a broader trend in the industry, where large Bitcoin miners are increasingly seeking opportunities in artificial intelligence as the leading cryptocurrency has seen a decline of more than 50% from its all-time high of $126,080 last October. As the landscape of cryptocurrency continues to evolve, SBI Crypto's exit from mining underscores the shifting priorities within the sector.⁵