Japan's SBI Group to Shut Down Bitcoin Mining Pool by End of July

Key Facts

In a move reflecting the intensifying competition within digital asset infrastructure, SBI Crypto, a subsidiary of SoftBank Group, has announced it will close its Bitcoin mining pool on July 31. The company plans to stop accepting mining shares by the end of the month, concluding over five years of operations. This decision follows the pool's market share falling to 2.24%, ranking it 12th globally and leaving it significantly behind major industry leaders.

This exit comes as mining firms face mounting pressure on profit margins, with dominant entities like Foundry USA and AntPool controlling vast portions of global hash power. Looking at the parent company's performance, SoftBank Group Corp. (9984.T) closed at 6,100 JPY on July 2, 2026, trading within a range of 5,741 to 6,218 JPY during the session per market data. Analysts suggest the group's focus may be shifting toward more lucrative investments in technology and artificial intelligence.

Investors should monitor SoftBank's price levels on the Tokyo Stock Exchange, where the stock stood at 6,100 JPY (close July 2, 2026). Regarding upcoming catalysts, the market is awaiting China's Manufacturing PMI data, which could influence tech sector sentiment in Asia. Additionally, eyes remain on any further statements from SBI management regarding the reallocation of technical resources following the formal pool shutdown on July 31.

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