Binance Pulls the Plug on Bitcoin Mining After 6-Year Run

Binance, the world’s largest crypto exchange by trading volume, disclosed this week that the company’s mining operations will be sunsetting. The crypto firm said that Binance Pool and related services will officially be discontinued on Nov. 10, 2026. According to mempool.space statistics , Binance Pool, the firm’s mining operation, has mined 22,188 blocks and ranked as the ninth-largest mining pool by hashrate as of press time Tuesday. The pool entered the Bitcoin mining arena on April 24, 2020, at block height 627474 and has since accumulated a sizable 137,059 BTC in mining rewards—about $11.4 billion worth at bitcoin’s recent price…