SBI Crypto Bitcoin Pool Ceases Operations After 64% Hash Rate Drop

Japan-based SBI Crypto halted Bitcoin mining services on July 31 following a sharp decline in hash rate. Top three pools now control 60% of block share.

Woofun AI reports that SBI Crypto, a major Bitcoin mining pool based in Japan, terminated its services on July 31. Leading up to the cessation, the pool's seven-day average hash rate fell from 16.222 EH/s on June 30 to 5.817 EH/s on July 30, marking a roughly 64% reduction over one month. Hashrate Index data indicates that Foundry USA, AntPool, and F2Pool collectively held approximately 60.01% of Bitcoin's block share on July 31. Public data does not confirm the destination of SBI Crypto's migrated hash rate.