Key Highlights
- SBI Crypto will permanently cease mining pool operations on July 31, 2026.
- Mining share submissions will stop at 07:00 JST (22:00 UTC on July 30).
- The company has identified Braiins, Luxor Pool, and NeoPool as reference providers to help miners transition.
SBI Crypto, a subsidiary of Japanese financial giant SBI Holdings, has announced that it will permanently discontinue its cryptocurrency mining pool service on July 31, 2026.
In a notice published on Wednesday, the company said mining shares will no longer be accepted after 07:00 JST on July 31 (22:00 UTC on July 30), after which miners will no longer be able to submit work to the pool.
SBI Crypto encouraged customers to continue directing their hashrate to the pool until the scheduled shutdown to ensure all eligible mining shares are included in the final payout calculation. “Our goal is to continue providing stable and reliable mining pool operations through the planned closure date,” the company said.
What happens before the mining pool closes
The company said the mining pool will continue operating normally until the scheduled cutoff, allowing customers to continue mining and receiving payouts during the transition period. Following the shutdown, SBI Crypto plans to provide additional information regarding final payout schedules, API availability, web portal access, and other operational details.
“We remain committed to supporting our customers throughout the transition period and will continue to provide updates as additional information becomes available,” the company said.
Meanwhile, the CEO, Hiroaki Morita, thanked customers for their long-term support.
“On behalf of everyone at SBI Crypto, we sincerely thank you for your trust and support over the years,” he stated.
Alternative providers identified for miners
To help miners prepare for the transition, SBI Crypto said it has previously held business and technical discussions with several mining pool operators that customers may consider after the shutdown. The company listed Braiins, Luxor Pool, and NeoPool as reference providers, noting that some may offer special transition programs or preferential terms for former SBI Crypto customers.
However, SBI Crypto emphasized that the list is provided solely for convenience and does not constitute an endorsement. “Customers are solely responsible for evaluating and selecting any mining pool provider,” the company said, adding that it accepts no liability for services provided by third-party operators.
Why the shutdown wasn’t unexpected
The closure follows a series of announcements made throughout 2026 that signaled a gradual reduction in SBI Crypto’s mining operations. In April, the company informed customers that it expected to wind down its mining pool business by the end of July as part of a broader review of its operating structure.
At the time, SBI Crypto said the focus was on ensuring “an orderly and responsible transition” while continuing customer support throughout the process. The company also advised customers to download any data needed for accounting, auditing, or tax purposes before services eventually conclude.
Several operational changes preceded the final shutdown announcement. In March, SBI Crypto temporarily suspended Litecoin (LTC) and Dogecoin (DOGE) merged mining because of network conditions.
The company also announced changes to weekend and Japanese public holiday payout processing before later deciding to maintain its existing operational framework after introducing additional internal controls.
Earlier this year, SBI Crypto adjusted its daily payout schedule following increased automation of its payment systems and had previously revised Litecoin mining fees after promotional campaigns offering reduced rates.
SBI Crypto wraps up years of mining operations
SBI Crypto has operated its mining pool for several years, offering Bitcoin as well as merged Litecoin and Dogecoin mining while introducing features including advanced hashrate allocation tools, referral programs, mobile support, and miner financing services.
With mining pool operations scheduled to end on July 31, the company said its immediate priority is ensuring a smooth transition for existing customers while continuing normal operations through the final day.
Also read: Polygon Shuts Down Its Once-Flagship $250M zkEVM on July 1
