SBI Crypto to close Bitcoin mining pool holding 2% of network hashrate

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SBI Crypto has announced it will shut down its Bitcoin mining pool, which currently accounts for approximately 2% of Bitcoin's total hashrate. The closure has a set deadline of July 31, after which the pool will no longer accept any mining contributions. Miners currently using the pool are required to redirect their hashrate to alternative pools before the cutoff date. The shutdown marks a notable exit from the Bitcoin mining sector by the Japanese financial firm's crypto subsidiary.

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