SBI Crypto Mining Pool Shutdown | Bitcoin and Crypto News

SBI Crypto is shutting down its Bitcoin mining pool on July 31st, affecting roughly 2% of the network’s hashing power — miners must migrate before then or risk losing access. No official reason was given, though the move coincides with declining Bitcoin profits, rising costs, and a year-long price slump. The company, part of a major Japanese financial group, previously faced a $21 million hack allegedly linked to North Korea — though that’s not cited as the shutdown’s cause. With the pool running normally until the deadline, miners are urged to keep mining to secure final payouts, adding another ripple to Bitcoin’s already shifting mining ecosystem. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bed5a48c604e2880