SBI Crypto to discontinue mining pool service by July 30

SBI Crypto, the cryptocurrency mining subsidiary of Japanese financial giant SBI Holdings, will stop accepting mining shares at 22:00 UTC on July 30, 2026. The pool’s operations will formally end the following day, July 31.

The shutdown removes roughly 15 EH/s of hash rate from SBI’s pool, which accounted for approximately 1.3% of the total Bitcoin network hash rate as of late 2025.

What happened and what miners need to know

CEO Hiroaki Morita signed off on the closure notice, which came after an internal review conducted in April 2026. The review evaluated the business operations of the mining pool, and the conclusion was apparently straightforward: shut it down.

Miners connected to SBI Crypto’s pool have roughly one month to redirect their hashrate elsewhere. The company has pointed users toward three alternative pools for migration: Braiins, Luxor Pool, and NeoPool.

SBI Crypto had already been making operational adjustments before the announcement, including changes to payout schedules and a temporary suspension of Litecoin and Dogecoin mining support.

The pool first launched publicly in March 2021. It expanded in July 2023 by introducing merged mining support for LTC and DOGE, letting miners earn rewards on those networks simultaneously while mining Bitcoin.

The security incident that looms over everything

A $21 million hacking incident in September 2025 drained funds from company wallets. The stolen assets included BTC, ETH, LTC, DOGE, and BCH. The attack was believed to be linked to North Korean actors.

SBI Crypto hasn’t explicitly drawn a direct line between the hack and the pool’s closure. But the timeline speaks for itself. A major security breach in September 2025, followed by operational adjustments, an internal business review in April 2026, and now a full shutdown.

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