Japanese Financial Giant SBI to Shut Down Bitcoin Mining Pool

July 2, 2026 - 22:21

SBI Crypto, a subsidiary of the Japanese financial conglomerate SBI Holdings, has announced it will be closing its Bitcoin mining pool. The decision marks the end of the company's direct involvement in the mining sector, a move that follows a broader trend of consolidation within the industry.

According to an official statement, the mining pool will cease operations on April 30. The company cited the need to reallocate resources and focus on other core business areas as the primary reason for the shutdown. SBI Crypto originally launched its mining pool in 2018, aiming to leverage the group's financial expertise and technological infrastructure to compete in the global mining market.

The closure comes at a time when the Bitcoin mining landscape is facing increased pressure from rising energy costs, tighter regulatory scrutiny in various jurisdictions, and the aftermath of the 2022 market downturn. Many smaller and mid-tier mining operations have struggled to maintain profitability, leading to a wave of consolidations and exits. SBI's departure from the pool business highlights the challenges even well-funded financial institutions face in this volatile sector.

Existing users of the pool have been advised to withdraw their funds and migrate to other services before the deadline. While SBI Crypto is stepping away from mining, SBI Holdings continues to maintain a significant presence in the broader cryptocurrency space, including investments in exchanges and blockchain technology ventures.