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SBI Crypto to close Bitcoin mining pool holding 2% of network hashrate by July 31, 2026

Market News
02 Jul 2026
Coindesk
View Source
Bearish
pluang ai news

SBI Crypto will shut down its Bitcoin mining pool on July 31, 2026, which currently accounts for about 2% of Bitcoin's total hashrate. Miners using the pool must redirect their mining power before the cutoff date, as the pool will stop accepting contributions after July 31. The company did not specify reasons for the closure, but it comes amid challenges like falling mining margins and rising operational costs. The shutdown affects miners linked to one of Japan's largest financial groups and reflects broader pressures in the Bitcoin mining industry.

More News

Hostinger launches AI-powered ecommerce platform enabling product sales via photo links without a website.

Hostinger launches AI-powered ecommerce platform enabling product sales via photo links without a website.

Hostinger has introduced Hostinger Ecommerce, an AI-driven platform that allows small sellers to create product pages and checkout links from photos in minutes, without needing a website. The platform manages inventory, orders, payments, and shipping...

Others
Bullish
27 minutes ago
North Texas Food Bank adds five new leaders to its board to boost hunger relief efforts.

North Texas Food Bank adds five new leaders to its board to boost hunger relief efforts.

The North Texas Food Bank has appointed five new board members with diverse expertise in foodservice, retail, finance, and operations, effective July 1, 2026. These leaders bring valuable experience to support the organization's growth and mission to...

Others
Neutral
2 hours ago
First Merchants to report Q2 2026 results and host earnings call on July 22-23

First Merchants to report Q2 2026 results and host earnings call on July 22-23

First Merchants Corporation will release its financial results for the second quarter of 2026 on July 22, followed by a conference call and webcast on July 23. Investors can register to participate in the call or view the webcast online, with a repla...

Company Fundamentals
Neutral
2 hours ago
First Federal Savings Bank and ICBA share 10 essential financial tips for safe summer travel.

First Federal Savings Bank and ICBA share 10 essential financial tips for safe summer travel.

First Federal Savings Bank and the Independent Community Bankers of America (ICBA) have issued 10 financial safety tips to help travelers manage their money securely during the summer travel season. Key advice includes notifying banks of travel plans...

Market News
Neutral
3 hours ago
LKQ Corporation to release Q2 2026 earnings on July 30 with a management call.

LKQ Corporation to release Q2 2026 earnings on July 30 with a management call.

LKQ Corporation announced it will publish its financial results for the second quarter of 2026 on July 30. The company will host a conference call and webcast with senior management to discuss the results, providing investors an opportunity to hear i...

Company Fundamentals
Neutral
3 hours ago
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