Binance Pool to Shut Down Bitcoin Mining Operations by November 2026
What happened
Binance announced it will shut down its Bitcoin mining pool and related services on November 10, 2026.
The Context
- Declining hashrate: Binance Pool's hashrate fell from 26 EH/s in December 2025 to 9.2 EH/s by October 2026, representing less than 1% of the Bitcoin network.
- Strategic shift: The closure aligns with Binance's broader strategy to pivot towards U.S. stock options and AI trading tools, moving away from certain crypto services.
- Miner migration: Miners must reconfigure their equipment to join other pools like Foundry USA, AntPool, and F2Pool, which control about 64% of the network hashrate.
The Number
— This is the reported hashrate of Binance Pool in October 2026, highlighting the pool's diminished role in the Bitcoin ecosystem.
Takeaway
Expect miners to quickly adapt to new pools, with operational reliability and payout policies becoming critical factors in their decisions.
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