Two Bitcoin Mining Pools Left the Market in July for Opposite Reasons

SBI Crypto stopped accepting shares on 30 July and closed its pool the following day, ending a five-year run at roughly 2.5% of global hashrate. Two weeks earlier, Poolin filed for Chapter 11 in New Jersey owing about $173 million. However, these are not two versions of the same story. One is a solvent parent moving capital into a business it likes better. The other is a court finally closing a file that has been open since September 2022. What they share is the part mid-tier pool operators...