REALITY CHECK | Binance Pulls Out of Bitcoin Mining After a 65% YoY Drop in HashRate
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Binance will shut down its Bitcoin mining pool and related services on November 10 2026 following a sharp decline in the computing power directed to the platform as miners increasingly move their operations elsewhere. The cryptocurrency exchange said the closure followed an ongoing review of its products and services but did not provide a financial explanation for the decision. REALITY CHECK | Why Binance is Shutting Down its Mining Pool Binance Pool’s hashrate fell from about 26 exahashes per second (EH/s) in December 2025 to roughly 9.2 EH/s, according to cited Hashrate Index data.
Source: BitKE
