SBI Crypto to Shut Down Bitcoin Mining Pool

The decision marks the end of a service that has been operational for over five years and is associated with one of Japan's largest financial groups. S1S2

• SBI Crypto will cease operations of its mining pool on July 31. S1
• The mining pool has been in operation for more than five years. S2
• SBI Crypto's pool ranks 12th globally in terms of hashrate share. S2
• Miners have until the cutoff date to redirect their hashrate. S1
• The pool will stop accepting mining shares on the shutdown date. S1
• Shares submitted after the cutoff will not be accepted. S1
• The mining pool is expected to operate normally until the shutdown date. S1
• This closure affects a significant portion of the Bitcoin mining ecosystem. S2

• The shutdown reduces the overall hashrate, impacting Bitcoin mining dynamics. S1
• It reflects ongoing changes in the cryptocurrency mining landscape. S2

• Monitor how miners adjust their operations following the shutdown. S1
• Watch for potential shifts in Bitcoin's hashrate distribution. S2