SBI Crypto has announced it will shut down its Bitcoin mining pool on July 31, ending over five years of activity in the sector. According to CoinTelegraph, the mining pool ranked 12th globally and accounted for approximately 2.2% of the total Bitcoin hashrate.
The closure marks a significant shift for SBI Crypto, which had maintained a notable presence in Bitcoin mining. The decision reflects evolving dynamics within the crypto mining industry and may influence the distribution of mining power worldwide.
For Japanese investors and market participants, this development highlights the changing landscape of crypto infrastructure in Japan, emphasizing the need to monitor shifts in domestic and global mining operations closely.