Binance to Close Bitcoin (BTC) Pool as Network Hashrate Share Falls Below 1%

Binance will close its Bitcoin (BTC) mining pool on Nov. 10, as the service’s share of total network hashrate has fallen below 1% after a steep decline since year-end 2025. The pool’s estimated computing power stood at 8.7 exahashes per second (EH/s), or 0.84% of Bitcoin’s network hashrate, on Oct. 15. At the end of 2025, the estimate was 26 EH/s, or 2.3% of the network. That is a drop of about two-thirds. The pool ranked 12th among mining pools on Oct. 15, down from ninth at year-end 2025. Binance’s shutdown plan sets the cutoff for 2 a.m.

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