- SBI Crypto will permanently close its Bitcoin mining pool on 31 July 2026.
- SBI Crypto pool ran 20.9 EH/s, which was 2.2% of the total Bitcoin network hashrate.
- OCEAN Mining invited displaced SBI miners, citing 3.6% better payouts than FPPS.
SBI Crypto has announced it will permanently close its Bitcoin mining pool on Friday, 31 July 2026. The pool will stop accepting mining shares at 07:00 JST, which is 22:00 UTC on Thursday, 30 July, giving existing miners roughly one month to migrate to another provider.
A Five-Year Run Comes to an End
SBI Crypto launched its mining pool business in April 2021, having operated a limited version since the start of that year. At launch, the company was already running its own cryptocurrency mining operations overseas with a hashrate of approximately 1.1 EH/s and had built a strategic partnership with German data centre firm Northern Data to support operations.
Over the following five years, the pool grew significantly. As of 30 June 2026, data from Luxor’s Hashrate Index showed SBI Crypto’s mining pool carrying a seven-day average hashrate of 20.9 EH/s, representing approximately 2.2% of the entire Bitcoin mining network. That is a meaningful share, and the closure will push a sizable volume of hashrate into the market looking for a new home.
What Happens to Miners
SBI Crypto has directed customers to alternative providers, listing Braiins as a reference option and providing contact details for transition planning. The company encouraged miners to reach out to operators directly to arrange migration.
OCEAN Mining also publicly invited displaced SBI miners to join its pool. OCEAN’s Chief Commercial Officer, Nacho Pauls, and the company’s public contact, Mark Cox, both offered direct assistance for anyone needing help with the switch.
OCEAN highlighted that its payout structure delivered 3.6% more than the best fixed pay-per-share pool in 2025, and that miners can use OCEAN’s DATUM protocol to build their own block templates and receive direct, non-custodial payouts from the coinbase transaction, giving miners greater control than standard pool arrangements.
No Reason Given
SBI Crypto did not publicly state why it is closing the pool. The announcement was framed as a planned business decision, with the company thanking customers for their support and providing transition information rather than explaining the rationale behind the closure.
For miners currently hashing with SBI Crypto, the deadline is firm. After 22:00 UTC on 30 July, no further mining shares will be accepted, and the service will be offline.
Related: SBI Holdings to Acquire Crypto Exchange Bitbank in $288 Million Deal
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