Japanese Bitcoin mining pool SBI Crypto to cease services on July 31

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On-chain data shows that Japanese Bitcoin mining pool SBI Crypto ceased operations on July 31. Its 7-day average hash rate declined from 16.222 EH/s on June 30 to 5.817 EH/s on July 30, a 64% decrease. Hashrate Index data indicates that Foundry USA, AntPool, and F2Pool collectively held approximately 60.01% of Bitcoin block shares on July 31. Public mining node data does not reveal where the lost hash rate was redirected.

Odaily Planet Daily report: Japan’s large Bitcoin mining pool, SBI Crypto, ceased its Bitcoin mining pool services on July 31. Prior to shutdown, its 7-day average hash rate dropped from 16.222 EH/s on June 30 to 5.817 EH/s on July 30, a decline of approximately 64% within one month.

Meanwhile, Hashrate Index data shows that on July 31, the three major mining pools—Foundry USA, AntPool, and F2Pool—briefly accounted for approximately 60.01% of Bitcoin block shares. Although SBI Crypto’s hashpower has significantly declined, public mining pool data cannot confirm which pool these hashpower resources ultimately migrated to. (CryptoSlate)

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