SBI Crypto, a subsidiary of SBI Holdings specializing in cryptocurrency mining, is set to cease accepting mining shares at 22:00 UTC on July 30, 2026. Operations will conclude the following day. This shutdown will remove approximately 15 EH/s from SBI’s mining pool, a figure that represented around 1.3% of the total Bitcoin network hash rate by the end of 2025.
What does this shutdown mean for miners? Miners currently connected to SBI Crypto will have about a month to redirect their hashrate to other pools. In response to this significant shift, SBI Crypto has recommended three alternative mining pools for users: Braiins, Luxor Pool, and NeoPool.
Before this announcement, SBI Crypto was already adjusting its operations by modifying payout schedules and temporarily halting support for Litecoin and Dogecoin mining. Initially launched in March 2021, the mining pool expanded in July 2023 by introducing merged mining support for Litecoin and Dogecoin, allowing miners to earn rewards on those networks as they mined Bitcoin.
What factors contributed to SBI Crypto's closure? A significant security incident in September 2025 resulted in the loss of $21 million in funds from the company's wallets. Various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash, were affected. This incident is believed to have ties to North Korean cyber actors.
Although SBI Crypto has not explicitly stated a connection between the breach and the pool's closure, the series of events is telling. Following the September 2025 hack, operational adjustments, and an internal review in April 2026, the decision to shut down was seemingly a culmination of these factors. Miners should be proactive to ensure a smooth transition to new pools as SBI Crypto winds down its operations.