August 12, 2022

SBI Crypto’s Bitcoin mining pool goes public

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SBI Crypto, the mining subsidiary of Japanese financial conglomerate SBI Holdings, has opened its mining pool to the general public. 

As one of the fruits of a strategic partnership between SBI and the German tech firm Northern Data AG, the pool reportedly now ranks 11th globally, according to SBI’s announcement on March 19. It mines three assets, Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV), with a revenue measured in dollars per terahash per day of $0.3897, $0.3805 and $0.3519 respectively. 

Prior to its partnership with Northern Data AG and the Texas-based data center operator Whinstone US back in February 2020, SBI’s announcement summarizes the company’s mining activities to date as follows:

“SBI Crypto has been self-mining digital assets in overseas mining farms since August 2017 and continues to expand its scale. The company will use its current mining power of approximately 1.1 EH/s to support and provide stability to the pool.”

The pool was first opened on a limited release earlier this year, and as of March 19 new users are able to request an account. By April, open signups without requesting an account will be available, with services in English, Title: SBI Crypto’s Bitcoin mining pool goes public
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Published Date: Fri, 19 Mar 2021 09:50:12 +0000