Bullish

SBI Crypto Halts Bitcoin Mining as Top Three Pools Capture 60% Share

2026-08-02 03:05:49

Japanese miner SBI Crypto ceased Bitcoin operations with 0.72% share, while Foundry, AntPool, and F2Pool collectively held 60.01% of network hashrate.

Woofun AI reports that SBI Crypto terminated its Bitcoin mining service on July 31 at 11:22 UTC, dropping to a 0.72% share equivalent to 6.8 exahashes per second. At that moment, Foundry, AntPool, and F2Pool collectively accounted for 60.01% of attributed blocks, with Foundry leading at 26.67%. This concentration reflects a transient snapshot rather than permanent control, as individual pool metrics fluctuated. Foundry, AntPool, and F2Pool showed lower estimated hashrates in the partial July 27 bucket compared to the prior week, while Luxor increased and Braiins decreased. The specific routing behind SBI Crypto's lost hashrate remains obscured within aggregate totals.

WOOFUN AI

Impact Assessment · Quick Read

The exit of a major Japanese player like SBI Crypto highlights operational volatility in the mining sector, even as hash rate concentration reaches critical levels. With the top three pools controlling 60% of the network, any further consolidation or regulatory scrutiny could pose systemic risks to Bitcoin's decentralization narrative. However, the transient nature of these percentages suggests that market dynamics remain fluid, preventing any single entity from establishing lasting dominance.
Generated by WOOFUN AI · For reference only, not investment advice

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